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.

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 Accumulation and Resource Abundance

2011 ◽  
pp. 66-77
Author(s):  
O. Vasilieva
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Capital Accumulation ◽  
Relevant Literature ◽  
Harmful Effect ◽  
Human Capital Accumulation ◽  
Resource Abundance ◽  
Empirical Results ◽  
Theoretical Predictions ◽  
Crowd Out

Does resource abundance positively affect human capital accumulation? Or, alternatively, does it «crowd out» the human capital leading to the deterioration of economic growth? The paper gives an overview of the relevant literature and discusses both theoretical and empirical results obtained regarding the connection between human capital accumulation and resource abundance. It shows that despite some theoretical predictions about the harmful effect of resource abundance on human capital accumulation, unambiguous evidence of such impact that would be robust with respect to the change of resource abundance parameter has not been obtained yet.

On the Effectiveness of Growth- Enhancing Policies in a Model of Growth Without Scale Effects

2002 ◽  
Vol 3 (3) ◽  
pp. 339-346 ◽  
Author(s):  
Lutz G. Arnold
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Human Capital ◽  
Population Growth ◽  
Capital Accumulation ◽  
Scale Effects ◽  
Growth Models ◽  
Empirical Studies ◽  
Human Capital Accumulation ◽  
Accelerate Growth

Abstract Standard R&D growth models have two disturbing properties: the presence of scale effects (i.e., the prediction that larger economies grow faster) and the implication that there is a multitude of growth-enhancing policies. Recent models of growth without scale effects, such as Segerstrom's (1998), not only remove the counterfactual scale effect, but also imply that the growth rate does not react to any kind of economic policy. They share a different disturbing property, however: economic growth depends positively on population growth, and the economy cannot grow in the absence of population growth. The present paper integrates human capital accumulation into Segerstrom's (1998) model of growth without scale effects. Consistent with many empirical studies, growth is positively related not to population growth, but to investment in human capital. And there is one way to accelerate growth: subsidizing education.

scholarly journals TRENDS OF HUMAN CAPITAL ACCUMULATION IN UKRAINE DURING THE PERIOD OF INDEPENDENCE

2020 ◽  
pp. 85-97
Author(s):  
Oksana Zakharova
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Capital Accumulation ◽  
Population Decline ◽  
Business Environment ◽  
Fertility Rate ◽  
Human Capital Accumulation ◽  
Life Expectancy At Birth ◽  
Socio Economic Development

The article is devoted to the characteristics of trends in the accumulation of human capital in Ukraine over the period of independence. The purpose of the article is to study the key factors that caused the existing trends in the accumulation of human capital during the period of independence of Ukraine. The novelty of the study lies in the application of a systematic approach to establishing the influence of the main factors on the accumulation of human capital in the country over the past twenty years.The expediency of the study of factors that directly affect the course of the processes of accumulating human capital at regional and national levels has been substantiated. The relationship between the quality of life of the population, the socio-economic development of the country and the volume of human capital has been established.The conditions (the number and structure of the current population; the number of live births and deaths per year and per 1000 people of the population; natural population decline, the number of marriages registered per year; total annual fertility rate, average life expectancy at birth), typical for Ukraine at the time of its independence in 1991, in the dynamics of demographic and socio-economic processes in Ukraine during the period of its independence have been analyzed.The tendencies that have been achieved by Ukraine in the nineteen years of independence in the field of socio-economic development, such as: the annual decline in the population and the total fertility rate; an increase in the mortality rate of the population; drop in GDP per capita and human development index are established. The key aspects of stabilizing the situation in the field of human capital accumulation in Ukraine, which should be based on the intensive development of the business environment, improving the quality of education, and comprehensive social protection of the population, have been substantiated.

Empirical Study on the Correlations of Environmental Pollution, Human Capital, and Economic Growth

2013 ◽  
pp. 128-137 ◽  
Author(s):  
Li Guangming ◽  
An Zhaofeng
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Human Capital ◽  
Empirical Study ◽  
Environmental Pollution ◽  
Capital Accumulation ◽  
Pollutant Emission ◽  
Human Capital Accumulation ◽  
The Individual ◽  
Protection Authority

Based on 1990-2007 data in Guangdong China, this chapter studies the correlation of environmental pollution, human capital, and economic growth. The results show that Guangdong’s economic growth deteriorates the environmental quality. Highly skilled human capital is one of the main engines of the economic growth and the growth promotes the human capital’s accumulation. Upgrading the human capital helps controlling pollutant emission and environmental pollution depresses the human capital accumulation. Furthermore, the authors hope that understanding the individual relationships between environmental pollution and human capital or economic growth will help the environmental protection authority or governments in China to make more effective and efficient regulations or policies to coordinate the country’s sustainable development.

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