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 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.

The Role of Entrepreneurial Performance in Supporting Economic Development of Countries: An Empirical Approach

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Valentina Diana Rusu ◽  
Angela Roman
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Social Progress ◽  
Entrepreneurial Performance ◽  
Panel Data Estimation ◽  
Positive Effects ◽  
National Competitiveness ◽  
Key Factor ◽  
Future Economic Development

Abstract Entrepreneurship is recognized as one of the factors stimulating economic growth and increasing economic competitiveness. In addition, the Europe 2020 Strategy has focused its attention on entrepreneurship as a key factor of economic growth, social progress, and employment. In this context, our study examines the role of entrepreneurial performance for sustaining the development of countries, focusing on a sample of European countries. We attempt to reveal if increasing entrepreneurial performance would have significant influence on improving the economic position of countries and their future economic development. Starting from the OECD-Eurostat Entrepreneurship Indicators Programme we use a set of entrepreneurial performance indicators as independent variables and examine to what extent they can influence competitiveness and economic growth, seen as dependent variables of the models. We focus on a period of 10 years (2008–2017) and we apply panel-data estimation techniques. Because the period considered includes the period of the last international financial crisis, we also include in our analysis a dummy variable. Our results emphasize that the changes in entrepreneurial performance play a significant role in enhancing national competitiveness and economic growth. Our findings contribute to the expansion of literature in the field by providing evidence on the correlation of indicators that measure entrepreneurial performance with national competitiveness and economic growth. Moreover, our findings point out the need of the policy makers to adopt measures and policies that help and stimulate entrepreneurs to become more performant because they can generate positive effects to the economy as a whole.

Human Capital as a Determinant of Long-Term Economic Growth

2018 ◽  
pp. 249-264
Author(s):  
Siriwan Saksiriruthai
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
Capital Accumulation ◽  
Economic Reforms ◽  
Success Factor ◽  
Human Capital Accumulation ◽  
Modern Economic ◽  
And Migration ◽  
Capital Development

This chapter aims to investigate the importance of human capital as a key success factor to economic growth and modern economic reforms as well as exploring determinants of human capital. Then factors influencing human capital accumulation as well as case studies are discussed to illustrate the influence of human capital to economic growth and reforms. Together with economic reforms, supportive education and human capital development policies, some countries could generate a dramatic technology and economic development. Currently, human capital even becomes crucial because of this technological progress. Thus, modern economic reform needs more intense human capital accumulation to cope with more advanced technology. In this chapter, we investigate the role of human capital accumulation by education and migration process in economic reforms and development of three countries with completely different conditions of economic development.

Human Capital as a Determinant of Long-Term Economic Growth

2021 ◽  
pp. 1518-1533
Author(s):  
Siriwan Saksiriruthai
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
Capital Accumulation ◽  
Economic Reforms ◽  
Success Factor ◽  
Human Capital Accumulation ◽  
Modern Economic ◽  
And Migration ◽  
Capital Development

This chapter aims to investigate the importance of human capital as a key success factor to economic growth and modern economic reforms as well as exploring determinants of human capital. Then factors influencing human capital accumulation as well as case studies are discussed to illustrate the influence of human capital to economic growth and reforms. Together with economic reforms, supportive education and human capital development policies, some countries could generate a dramatic technology and economic development. Currently, human capital even becomes crucial because of this technological progress. Thus, modern economic reform needs more intense human capital accumulation to cope with more advanced technology. In this chapter, we investigate the role of human capital accumulation by education and migration process in economic reforms and development of three countries with completely different conditions of economic development.

scholarly journals Enhancing economic development via the increase of the quality of education

2020 ◽  
Vol 8 (2) ◽  
Author(s):  
Katalin Nagy
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Human Capital ◽  
Economic Development ◽  
Educational Development ◽  
Quality Of Education ◽  
Know How ◽  
Sustainable Economic Development ◽  
Key Factor

Sustainable economic development is one of the most important mission of economic policy. More analysis demonstrate that the key factor is the investment of human capital, which means a correlation between economic growth and quality of education. In this study we overview, how human capital and educational development effect to the economic growth, and how is it possible to quantify the results. We also get to know how the degree of development influenced by the quality of education.

Human Factor and Economic Growth in Conditions of Post-industrialization

2004 ◽  
pp. 85-96
Author(s):  
S. Egorov
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
Technical Progress ◽  
Human Factor ◽  
Industrial Society ◽  
Wage Level ◽  
State Technical ◽  
Post Industrial

The increase of the role of human factor in post-industrial society and influence of that shift on the theory of economic growth are examined in the article. Special attention is paid to transformation of labor and capital. The influence of the size of the state, technical progress, educational system and wage level on rates of economic development is considered. The author examines the basic opportunities of increasing the value of human capital as the base of sustainable economic development of Russia.

scholarly journals DEVELOPMENT OF HUMAN CAPITAL OF ENTERPRISE AS A CONDITION OF ECONOMIC GROWTH OF SOCIETY

2020 ◽  
pp. 17-25
Author(s):  
Ruslan Mann ◽  
Dmytro Lyashov
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
National Economy ◽  
Cultural Development ◽  
Social Progress ◽  
Individual Enterprise ◽  
Main Components ◽  
Capital Development

The growth of crisis processes at present stage of socio-economic development of Ukraine increases the importance of understanding the role of individual in achieving social progress. Traditional approaches of understanding the sources of economic development are losing their relevance, shifting the emphasis to the intangible resources of innovative renewal, especially human capital. That is why investigation of role and importance of human capital development of enterprise in ensuring the economic growth of national economy and improving the welfare of its population in particular is very important.The purpose of the research is justification of scientific approaches to understanding the nature and importance of human capital of enterprise in ensuring the economic growth of society.The article substantiates the role of human capital of enterprise in the economic growth of individual, enterprise and society as a whole. The essence of the category «human capital of enterprise», the forms of its manifestation depending on the stage of implementation, the functions and need for its development for enterprise are determined. The author's vision of human role in formation and using of human capital in the context of achieving economic development of society is presented. The role and types of investments in formation and development of human capital of enterprise are substantiated. The peculiarities of this type of investments different from the financing of other enterprise capital are presented. Separated three main components of human capital, the development of which requires investment: health, education and cultural development of employees. The possibilities of investment of these directions by enterprise are characterized. There was noted that the relevant costs should be considered not as consumer but as investment, as they are profitable not only for one person but also for society, providing a significant effect of national economy growth as a whole.

scholarly journals Role of institutional quality in economic development: A case study of Asian countries

2021 ◽  
Vol 19 (2) ◽  
pp. 357-369
Author(s):  
Oanh Kim Thi Tran ◽  
Hac Dinh Le ◽  
Anh Hong Viet Nguyen
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Trade Openness ◽  
Institutional Quality ◽  
Policy Implications ◽  
Asian Countries ◽  
Regression Methods ◽  
Key Factor ◽  
The Impact

The paper investigates the impact of institutional quality on economic growth by taking 48 countries in Asia between 2005 and 2018. By using the quantile regression methods with panel data, institutional quality is found to be a key factor of economic development. However, in the lower-income Asian countries, the institution with better quality appears to promote the growth more effectively than in the higher-income ones. Moreover, the paper also finds out a nonlinear relationship between institutions and economic growth. The results show that there is an institutional threshold for economic growth to reach its highest level. If the institution indicator exceeds the threshold, it causes the reverse effect on the growth. Moreover, the economic growth of Asian countries is also affected by inflation (INF), labor force (LABO), trade openness (OPEN), and infrastructure (TELE). From that, the study suggests some policy implications for Asian countries and Vietnam, in particular, in order to improve institutions contributing to economic growth.

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.

The Demographic Transition and Long-Term Development

2017 ◽  
Author(s):  
Matteo Cervellati ◽  
Uwe Sunde
Keyword(s):  
Nonlinear Dynamics ◽  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
Future Development ◽  
Demographic Transition ◽  
Similarities And Differences

This introductory chapter discusses the role of the demographic transition as a key turning point for economic development. It begins by describing the stylized pattern of the demographic transition and detailing the facts regarding similarities and differences across countries. By looking at the close links between demographic and economic development, the chapter highlights the different mechanisms through which the demographic transition affects economic growth. It also illustrates the implications of the nonlinear dynamics of the demographic transition for economic development through the human capital-acquisition channel; addresses the fundamental determinants of the transition; and provides an overview of likely implications for future development.

Sign in / Sign up

Export Citation Format

Share Document