scholarly journals The Importance Of Human Capital For The Economic Development Of EU Regions

2017 ◽  
Vol 19 (5) ◽  
pp. 63-79 ◽  
Author(s):  
Iwona Laskowska ◽  
Barbara Dańska-Borsiak
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Western Europe ◽  
Gdp Per Capita ◽  
Spatial Dependencies ◽  
Per Capita ◽  
The Relationship ◽  
Positive Effect ◽  
The Eu

The EU designs its cohesion policy with the primary purpose of reducing disparities in regional development. The success of the policy is largely determined by the identification of factors that contribute to such disparities. One of the key determinants of economic success is human capital. This article examines the relationship between the quality of human capital and economic development of EU’s regions. Using spatial analysis methods, the spatial dependencies between the growth of human capital and GDP per capita are investigated. According to the research results, the highest levels of human capital are typical of the most affluent regions in Western Europe, while its lowest levels are found in the poorest countries that became EU members only recently and in countries in southern Europe, including Greece. The spatial correlation measures confirm that spatial relationships have effect on the regional resources of human capital, showing that regions rich in human capital border on regions that are similar to them in that respect. The results of the spatial growth regression indicate that the amount of human capital in the region has a significant and positive effect on its GDP per capita.

scholarly journals Towards a Comprehensive Framework of the Relationships between Resource Footprints, Quality of Life, and Economic Development

2020 ◽  
Vol 12 (11) ◽  
pp. 4734 ◽  
Author(s):  
Stefan Cibulka ◽  
Stefan Giljum
Keyword(s):  
Quality Of Life ◽  
Sustainable Development ◽  
Economic Development ◽  
Social Boundaries ◽  
Gdp Per Capita ◽  
Environmental Implications ◽  
Per Capita ◽  
Comprehensive Framework ◽  
The Relationship

The relationship between economic affluence, quality of life, and environmental implications of production and consumption activities is a recurring issue in sustainability discussions. A number of studies examined selected relationships, but the general implications for future development options to achieve environmentally and socially sustainable development of countries at different levels of per capita resource footprints, quality of life, and income have not yet been investigated in detail. In this study, we use a global dataset with 173 countries to assess the overall relationship between resource footprints, quality of life, and economic development over the period of 1990–2015. We select the material footprint and carbon footprint and contrast them with the Human Development Index, the Happiness Index, and GDP per capita. Regression analyses show that the relationship between various resource footprints and quality of life generally follows a logarithmic path of development, while resource footprints and GDP per capita are linearly connected. From the empirical results, we derive a generalized path of development and cluster countries along this path. Within this comprehensive framework, we discuss options to change the path to respect planetary and social boundaries through a combination of resource efficiency increases, substitution of industries and sufficiency of consumption. We conclude that decoupling and green growth will not realize sustainable development if planetary boundaries have already been transgressed.

scholarly journals THE IMPACT OF THE INSTITUTIONAL ENVIRONMENT ON THE ECONOMIC DEVELOPMENT

Ekonomika ◽  
2009 ◽  
Vol 87 ◽  
pp. 141-153 ◽  
Author(s):  
Vidmantas Jankauskas ◽  
Janina Šeputienė
Keyword(s):  
Economic Development ◽  
Institutional Environment ◽  
Gdp Per Capita ◽  
Development Institutions ◽  
Per Capita ◽  
Relationship Of ◽  
Openness To Trade ◽  
The Impact ◽  
The Relationship

Economic literature recognizes three “deep determinants” of economic development: institutions, geography and openness to trade. Discussion in the literature focuses on what part of the income per capita variation can be explained by institutions, geography and openness to trade. The empirical results can’t offer a clear answer, but there is a broader agreement in the literature that institutions play a more important role than geography and openness to trade. What is unclear whether the institutions also can explain variation in per capita income across countries, in which institutional environment is to some degree similar..This article aims to explore and quantify the relationship of the income level with institutional environment, geography and openness to trade across countries, grouped according their institutional environment quality.The results reveal that extent to which the variation in GDP per capita can be associated with the quality of institutional environment differs a lot between good and bad institutional environment samples. The results in good institutional environment sample come in line with series of studies in which the strong and positive link between various measures of institutions and economic development was established and support primacy of institutions over openness to trade and geography. I In bad institutional environment sample, on the contrary,no evidence was found that institutions mean a lot in respect of differences in GDP per capita. These results should not be interpreted so as to mean that institutional environment is not important, rather the degree of “badness” makes no difference.

scholarly journals EFFECT OF INNOVATION ON THE EU MEMBER-COUNTRIES ECONOMIC DEVELOPMENT

2016 ◽  
Author(s):  
Julija Bistrova ◽  
Natalja Lace
Keyword(s):  
Economic Development ◽  
Labour Productivity ◽  
Strong Relationship ◽  
Scientific Productivity ◽  
Gdp Per Capita ◽  
Innovation Potential ◽  
Neoclassical Economic Theory ◽  
Per Capita ◽  
The Relationship ◽  
The Eu

Neoclassical economic theory states that the growth of the nation primarily is dependent on the innovation potential of the country. However, this theory is often being refuted by the recent empirical research, proving that the innovations are becoming more cost-extensive, late in generating return on invested capital and not as useful as they used to be. The present study researches the effect of innovation on the EU member-countries economic development, having selected R&D expenses, number of patents and number of researchers as innovation proxies. The results prove that there is a strong relationship between the R&D expenses and GDP growth as well as the labour productivity, but no evidence was found that the number of scientists or the number of patents significantly influence economic development of the country. The authors also ran a regression between the scientific productivity and impact and the GDP per capita to discover the strong relationship between the variables. However, the causality of the relationship should be studied further.

scholarly journals A Review of Economic and Environment Indicators and Energy Efficiency: Evidence from the EU and Serbia

2020 ◽  
Vol 58 (4) ◽  
pp. 459-477
Author(s):  
Sandra Jednak ◽  
Jelena Minović ◽  
Dragana Kragulj
Keyword(s):  
Energy Efficiency ◽  
Energy Consumption ◽  
Environmental Indicators ◽  
Gdp Per Capita ◽  
Ghg Emission ◽  
Efficiency Increase ◽  
Reduce Energy Consumption ◽  
Per Capita ◽  
The Relationship ◽  
The Eu

Abstract Energy is a globally important factor of production - the growth of population and income increase energy consumption, so there is an urge to decrease it. However, there are different ways to reduce energy consumption, and one of them is energy efficiency. The aim of the paper is to give a theoretical review of energy efficiency and its benefits. The purpose of the paper is the analysis of economic and environmental indicators and energy efficiency in EU27 (after 2020) and Serbia. The trends of energy efficiency, GDP per capita and GHG emission are shown for the observed countries. The European and Serbian policies and targets for energy efficiency are presented and also the level these countries have reached the set targets. In order to see the relationship between energy efficiency, GDP per capita and GHG emission, the correlation among all variables is applied. The results show that energy efficiency is higher in EU27 than in Serbia. Even though Serbia had energy efficiency increase during the observed period (1995-2018), it lags behind the EU27. However, there is a positive correlation between energy efficiency and GDP and GHG emission in both EU27 and Serbia.

scholarly journals The human capital rationale behind the economic growth of the European Union countries: application of the advanced methods to enhance an efficiency of national human capital stocks

2019 ◽  
Vol 27 (1) ◽  
pp. 35-48
Author(s):  
Iuliia A. Stabinskaite
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Human Capital ◽  
Economic Development ◽  
Theoretical Models ◽  
The European Union ◽  
National Human ◽  
Dimensional Assessment ◽  
The Relationship ◽  
The Eu

Human capital is an important factor of economic growth, as has been underlined by recent theoretical models. The main goal of this article is to elucidate the relationship between human capital and dynamics of economic growth in the European Union (EU). For the purposes of this article human capital is defined as knowledge, skills as well as other individual factors which lead to higher productivity. Therefore, the greatest attention is focused on the multi-dimensional assessment of human capital in the processes of economic development of the European countries. A detailed evaluation of human capital in the EU is represented at interregional and international levels. Furthermore, author suggests a guidance for designing and planning strategies aimed at sustainable economic development by using the model predictive control algorithms.

scholarly journals Features of the Influence of Human Capital on Economic Development: The Case of Ukraine

2021 ◽  
Vol 8 (3) ◽  
pp. 425-437
Author(s):  
Andrii Zolkover ◽  
Аnastasiіa Kaplina ◽  
Olena Loboda ◽  
Natalia Kyrychenko ◽  
Nataliia Chopko
Keyword(s):  
Health Care ◽  
Human Capital ◽  
Economic Development ◽  
Cognitive Modeling ◽  
Positive Impact ◽  
Education And Health ◽  
Factors Influencing ◽  
Low Efficiency ◽  
The Relationship

The purpose of this article is to substantiate the nature of the relationship between the development of human capital (HC) and the development of the economy of Ukraine. Using the Granger test and cognitive modeling, the features of the development of HC in modern conditions and its influence on the country's economic development have been determined, and the dominant factors influencing the development and quality of HC have been empirically substantiated. The ambiguous nature of the influence of HC on the country's economy due to the inefficiency of spending in the field of education and health care has been established using the impulse modeling method. The positive impact of the development of HC on the development of the economy is leveled with the growth of investment in education and health care, which is due to the low efficiency of expenditures and the insufficient level of competence of state bodies.

scholarly journals Factors which are Affecting Human Capital in Singapore

2021 ◽  
Author(s):  
S M Nazmuz Sakib
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
Significant Positive Effect ◽  
Hours Worked ◽  
Correlation Tests ◽  
Human Capital Index ◽  
The Relationship ◽  
Positive Effect ◽  
Growth Indicators

The human capital index is a multivariate variable used to measure the assessment of human resource productivity in the future. Human capital has a connection with economic development. Moreover, the study looks to analyses the relationship between Human Capital and Economic Growth indicators such as HCI and GDP. Human Capital relates to the development of individual skills to make them function more profitable for the national economy. The study was aimed at investigating the effect of population, the number of people engaged and the average annual hours worked by engaged persons on the human capital index. The analysis was in SPSS for the findings. Correlation tests were used for analysis. The study revealed that population, the number of people engaged and the average annual hours worked by engaged persons had a significant positive effect on the human capital index.

scholarly journals Asymmetry of the economic development of cross-border areas in the European Union: assessment and typology

Europa XXI ◽  
2020 ◽  
Vol 39 ◽  
pp. 45-62
Author(s):  
Andrzej Jakubowski
Keyword(s):  
European Union ◽  
Economic Development ◽  
Gdp Per Capita ◽  
The European Union ◽  
Cross Border ◽  
Economic Sphere ◽  
Per Capita ◽  
Border Areas ◽  
The Eu ◽  
Spatially Differentiated

The article aims to characterise the phenomenon, determine the degree, and analyse the dynamics and directions of change in the level of asymmetry of economic development of cross-border areas in the European Union (EU) based on GDP per capita (PPP). It also aims to propose a typology of cross-border areas in the EU considering the above criteria. The obtained results show that despite a relatively evident reduction of the level of asymmetry of economic development in many cases in the period 1990-2015, and particularly after 2004, many cross-border areas show significant disparities in the economic sphere. Moreover, the dynamics of the observed transformations remain spatially differentiated.

scholarly journals Regional dynamics of economic performance in the EU: To what extent do spatial spillovers matter?

REGION ◽  
2018 ◽  
Vol 5 (3) ◽  
pp. 75-96 ◽  
Author(s):  
Selin Ozyurt ◽  
Stéphane Dees
Keyword(s):  
Human Capital ◽  
Economic Performance ◽  
Social Economic ◽  
Positive Impact ◽  
Gdp Per Capita ◽  
Spatial Spillovers ◽  
Regional Dynamics ◽  
Per Capita ◽  
Main Determinants ◽  
The Eu

This paper investigates the main determinants of economic perfor-mance in the EU from a regional perspective, covering 253 regions overthe period 2001-2008. In addition to the traditional determinants of eco-nomic performance, measured by GDP per capita, the analysis accountsfor spatial e¤ects related to externalities from neighbouring regions. Thespatial Durbin random-e¤ect panel speci…cation captures spatial feedbacke¤ects from the neighbours through spatially lagged dependent and inde-pendent variables. Social-economic environment and traditional determi-nants of GDP per capita (distance from innovation frontier, physical andhuman capital and innovation) are found to be signi…cant. Overall, our…ndings con…rm the signi…cance of spatial spillovers, as business invest-ment and human capital of neighbouring regions have a positive impact–both direct and indirect –on economic performance of a given region.

EU Enlargement and LGBT Rights

2018 ◽  
pp. 33-56
Author(s):  
Conor O'Dwyer
Keyword(s):  
Sexual Orientation ◽  
Statistical Analysis ◽  
Western Europe ◽  
Eu Enlargement ◽  
Lgbt Rights ◽  
Geographic Scope ◽  
Legal Frameworks ◽  
Positive Effect ◽  
The Eu

This chapter describes how the EU came to embrace policies furthering LGBT equality and then promoted them transnationally through the enlargement process. It addresses three main questions. First, what was the EU’s own path to these policies? Second, how have scholars conceptualized EU leverage in diffusing these policies, and what are the findings in extant empirical analyses of this diffusion in Western Europe and first-wave postcommunist EU applicant-states? Third, if the geographic scope is extended to include not just first-wave postcommunist EU applicant-states but all of postcommunist Europe, can EU leverage still be shown to significantly influence states’ adoption of LGBT-friendly policies? The chapter presents statistical analysis to address the latter question. It finds support for the positive effect of EU leverage on legal frameworks regarding sexual orientation in postcommunist Europe broadly considered, but it also finds that the promise of membership has a stronger effect on the quality of rights frameworks than being a member.

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