Human Capital and Economic Growth: The Case of Southeast Asian Countries

The aims of the study are to evaluate the impact of human capital on economic growth. Results of the research conducted in typical Southeast Asian countries including Vietnam, Singapore, Thailand, Malaysia, the Philippines, and Indonesia, using quantitative analysis method, confirm that there is a positive relationship between human capital and foreign direct investment and thus a positive effect on economic growth, while there is no relationship between trade openness and urbanization rate and thus no effect on growth. Finally, the study also proposes some solutions to maintain growth in Southeast Asian countries in the coming time.