The Relationship between Infrastructures and Human Capital with Economic Growth: A Study on the Moderating Role of the Knowledge - Based Economy Indexes

Investing in infrastructure as a pillar of substructure and human capital as a pillar of implementation is a prerequisite for helping developing countries to accelerate economic growth and development. On the other hand, economic growth is due to the creation of new ideas and knowledge generation in various economic fields. The purpose of this study is to investigate the impact of human capital and infrastructure on economic growth by modifying the knowledge- based economy indexes in developing countries during the period 2011-2016. Data about the selected sample countries has been extracted from the Global Innovation Index reports. The method of fitting the models in the present study is the panel data method. This method is used by applying Eviews software. The results show that infrastructure and human capital have a positive and significant effect on economic growth. The results also indicate that the knowledge- based economy indexes play a moderating role in the relationship between infrastructure and human capital with economic growth.