HUMAN CAPITAL DEVELOPMENT AND ECONOMIC GROWTH IN RWANDA

The importance of Human Capital accumulation for both social development and at individual level has been acknowledged in both developing and Developed Countries. Human capital theorists have listed benefits ranging from indirect, invisible and non-quantifiable. Education enhances individual knowledge and skills for a higher productivity, better production process is as a result of the quality of education administered at primary, secondary, college levels and government expenditure in the education system. As a result, the government's allocation of resources to education is at most importance in factors, Specific level primary X4, specific secondary level X1 and Government spending in Education all affect economic growth. The secondary school enrollment and Government spending in Education has been identified as propelling the highest impact on productivity leading to high economic growth rate. When information is available, the planers can therefore reflect on chances for greater financial distributions intended for building Human capital that results in well skilled labor that propels economic activity and efficiency in the output, opening up opportunity for entrepreneurship.