Relationship between human capital and foreign trade on the economic growth of the countries by panel method

After 1950`s, gradually the variable of human capital was included in the economic growth analysis .Foreign trade has also provided economic growth. Among other variables, which can be effective on the economic growth, are the country's economic and political structure and history of the oil or socialist system. The aim of this study was to analyze the effect of human capital, foreign trade, having a history of having some oil and the socialist system on economic growth. Using the model of Soderbom and teal (2003), this paper aims to investigate the role of the mentioned factors on economic growth for 89 countries during 1996 -2008. The data of the study are panel or calculated from different years of data from the World Bank .The results showed that variables of human capital, foreign trade and oil-producing countries had significant positive effect, and variables of socialist countries had significant negative effects on the economy's growth.