scholarly journals Investment in human capital as the basis for the country’s economic growth

2020 ◽  
Vol 164 ◽  
pp. 09046
Author(s):  
Ekaterina Nezhnikova
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
The State ◽  
Role Of The State ◽  
Modern Economic Growth ◽  
Multiplier Effect ◽  
Key Factor ◽  
Modern Economic ◽  
Sustainable Economic Growth

A key factor in modern economic growth is investment in people and in the development of human capital, as evidenced by the experience of many countries. Investments in human capital create conditions for sustainable economic growth, constant adaptation of the socio-economic structure to new areas of scientific and technological progress. In addition, investments in people form demand in many adjacent sectors, thereby causing a significant multiplier effect. Currently, the role of the state in this area is quite large. The role of the state is especially great in the most important spheres of the formation of human capital - in the field of education, health care and the allocation of research.

Human Capital in the European Union:Public and Supranational Context

2012 ◽  
pp. 80-97
Author(s):  
M. Klinova ◽  
Y. Sidorova
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
European Countries ◽  
European Experience ◽  
Europe 2020 ◽  
Key Factor ◽  
Modern Economic

The article examines the process of shaping and employment of human capital as a key factor in modern economic development. The interconnection between human capital and economic growth in the European countries is analyzed, as well as the role of human capital for realization of the Strategy Europe 2020. The significance of European experience for managing human capital in Russia is reviewed.

scholarly journals Human Capital: Challenges for Russia

2012 ◽  
pp. 114-132 ◽  
Author(s):  
V. Mau
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
New Technologies ◽  
Pension System ◽  
International Competition ◽  
Modern Economic Growth ◽  
Private Spending ◽  
Modern Economic ◽  
Post Industrial

Education, healthcare and pension system are the key sources of modern economic growth. They need profound transformation based on post-industrial challenges. The new principles of transformation of these sectors include individualization of services, their privatization (a rising role of private spending), life-long demand for them, globalization (international competition), and development of radically new technologies to provide them.

Introduction

2020 ◽  
pp. 1-36
Author(s):  
Paul Erdkamp ◽  
Koenraad Verboven ◽  
Arjan Zuiderhoek
Keyword(s):  
Economic Growth ◽  
Structural Properties ◽  
Productivity Growth ◽  
Capital Goods ◽  
Roman Economy ◽  
Roman World ◽  
Large Complex ◽  
Modern Economic Growth ◽  
Modern Economic

Investment in capital, both physical and financial, and innovation in its uses are often considered the linchpin of modern economic growth, while credit and credit markets now seem to determine the wealth—as well as the fate—of nations. Yet was it always thus? The Roman economy was large, complex, and sophisticated, but in terms of its structural properties, did it look anything like the economies we know today? Through consideration of the allocation and uses of capital and credit and the role of innovation in the Roman world, this volume explores how capital in its various forms was generated, allocated, and employed in the Roman economy; whether the Romans had markets for capital goods and credit; and whether investment in capital led to innovation and productivity growth.

scholarly journals TWO STORIES, ONE FATE: AGE-HEAPING AND LITERACY IN SPAIN, 1877-1930

2021 ◽  
pp. 1-34
Author(s):  
Francisco J. Beltrán Tapia ◽  
Alfonso Díez-Minguela ◽  
Julio Martinez-Galarraga ◽  
Daniel A. Tirado-Fabregat
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Men And Women ◽  
Early Stages ◽  
Modern Economic Growth ◽  
Modern Economic

ABSTRACT This study looks at human capital in Spain during the early stages of modern economic growth. We have assembled a new dataset for age-heaping and literacy in Spain with information about men and women from six population censuses and forty-nine provinces between 1877 and 1930. Our results show that, although age-heaping was less prevalent during the second half of the 19th century than previously thought, it did not decline until the early 20th century. Given that literacy increased throughout the whole period, our study thus unveils stark differences between age-heaping and literacy, which raises further questions regarding sources, methods and interpretation.

scholarly journals Measuring human capital in Portugal

2016 ◽  
Author(s):  
João Paulo Cabral Pereira
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Measurement Errors ◽  
Growth Models ◽  
Empirical Studies ◽  
Annual Series ◽  
Modern Economic Growth ◽  
Open Issue ◽  
Modern Economic ◽  
Important Measurement

Although human capital is widely used as an input in modern economic growth models, in empirical studies, its importance in explaining economic growth is still an open issue. In fact, results range from influence in Gross Domestic Product growth rates to just a levels effect, and there are even several studies that find no significant explaining capability of human capital in economic growth. Human capital is usually measured through a proxy related to the population knowledge or to education. These proxies are prone to important measurement errors that may be the basis for the different found results of their effects on economic growth. The present study recognizes the importance of a good measure of human capital. It builds three annual series for Portugal, one of them based on years of schooling for the period 1960 to 2001, with a methodology different from other studies available for Portugal, and two others based on the market labour income for the period 1982 to 1998.

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