Comparative Study of Human Capital Performance among West Asian Countries: A TOPSIS Method

Human capital has been long proven as one of the important significant determinant of economic growth across the world. Thus making the development of human capital as one of the vital job of country’s policymaker. This has become a pressing necessity especially for oil-dependent economies as the oil reserves is rapidly declining over time. This study aims to compare the performance of human capital development among countries in West Asian region. Applying the multi-criteria decision analysis method: TOPSIS, comparative study will be done for the year 1990, 2000 and 2010. The results demonstrate that Armenia is the top in the ranking while Yemen is on the bottom of the table. Further comparison with developed countries and Asia as benchmark indicates a wide gap among them.