Regional economic growth and human capital

2018 ◽  
Vol 63 (8) ◽  
pp. 65-78
Author(s):  
Grażyna Trzpiot
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
Primary Objective ◽  
Regional Economic Growth ◽  
Cohesion Policy ◽  
Level Of Economic Development ◽  
The Subject ◽  
The Relationship ◽  
Linear Nature

The primary objective of cohesion policy is to reduce the differences in the economic development of the regions. The determinants of taken actions are the subject of research and discussion. An important factor in economic success is human capital. The article discusses the measurement of the relations between human capital resources and economic development in regions. Data of Statistics Poland for the years 2010—2015 were used. In the study, aimed at indicating the relationship between human capital and the level of economic development in the regions, a measure of human capital (HC) was applied. The established dependencies are of a non-linear nature.

scholarly journals Human Capital and the Level of Economic Development

2018 ◽  
Vol 14 (2) ◽  
pp. 31
Author(s):  
Rewat Thamma-Apiroam
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
Developed Countries ◽  
Causality Test ◽  
Capital Growth ◽  
Level Of Economic Development ◽  
The Government ◽  
The Relationship ◽  
Developing And Developed Countries

This study aims at testing the causal relationship between human capital via the government spending share on education and economic growth using cross-country evidence and investigating the relationship pattern between such human capital – growth and the level of economic development based on 30 country data. The study employs a standard approach through uniting root test and Granger causality test. The data is annually collected during the periods 1983 – 2012, totaling to 30 observations. The finding indicates that for both developing and developed countries, education human capital cannot explain much the economic growth and vice versa. In addition, from the relationship pattern between human capital – growth and the economic development level neutrality is the most commonly found pattern for both developing and developed countries. However, we see somewhat difference between them in terms of causation running from growth to human capital. That is, the number of developed countries is almost double as compared to the developing ones. This gives rise to a policy implication for developed countries in that it should put more emphasis on the government education spending share to GDP since it can help boost human capital in the long run.

Analyzing the Bidirectional Relationship between Tourism Growth and Economic Development

2020 ◽  
pp. 004728752092231 ◽  
Author(s):  
Juan Ignacio Pulido-Fernández ◽  
Pablo Juan Cárdenas-García
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Structural Equations ◽  
Tourist Destinations ◽  
Development Face ◽  
Confirmatory Factor ◽  
Bidirectional Relationship ◽  
Level Of Economic Development ◽  
Structural Equations Model ◽  
The Relationship

After having demonstrated the relationship between tourism and economic growth, tourism-led economic growth (TLGH), and economic-driven tourism growth (EDTG), the scientific literature was concerned with studying the relationship between tourism and economic development, limiting itself to analyzing a possible unidirectional relationship between tourism, economic growth, and economic development. In this context, the aim of this article is to determine if the relationship between tourism and economic development is bidirectional given that, although tourism can be a tool for economic development, it is also true that a higher level of economic development influences tourism growth. Using a sample of 143 countries, and applying confirmatory factor analysis together with a structural equations model, the bidirectional relationship is confirmed. Therefore, although tourism growth and economic development face different challenges, if public policies work in a coordinated manner, they may contribute significantly to improving economic development in countries that are configured as tourist destinations.

Income Inequality and Economic Development

2010 ◽  
Author(s):  
Matthew McKeever
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Income Inequality ◽  
Poverty Reduction ◽  
Industrial Society ◽  
Considerable Debate ◽  
The Subject ◽  
The Rich ◽  
The Government ◽  
The Relationship

The nature of the relationship between economic development and income inequality has long been the subject of considerable debate. Economic growth has very different effects on poverty, depending on a country’s level of income inequality. In high inequality countries, economic growth that raises the overall level of income disproportionately tends to benefit the rich, whereas policies that encourage economic growth while reducing income inequality will greatly accelerate the achievement of poverty reduction goals. Thus, understanding how income inequality and economic development are linked is important for establishing economic growth policies that reduce poverty. The literature on the economic development–income inequality nexus in industrial society places emphasis on the causes of current social inequality. The central and most cited paper in the literature is S. Kuznets’s “Economic Growth and Income Inequality” (1955), which proposed an inverted U-shaped relationship between development and inequality over the course of industrialization. Some scholars have tried to build upon Kuznets’s theory by focusing on his claim that income inequality is a function of the nature of regulations put on the market. Other studies deal with the importance of studying the relationship between democracy and inequality, the effect of the nature of the government on shaping inequality compared to industrialization, and the implications of globalization for income inequality. This overview of the literature shows that there is little true consensus on the relationship between inequality and development and highlights two major areas for improvement: measurement and data quality.

scholarly journals Do Carbon Emissions and Economic Growth Decouple in China? An Empirical Analysis Based on Provincial Panel Data

Energies ◽  
2019 ◽  
Vol 12 (12) ◽  
pp. 2411 ◽  
Author(s):  
Yu Hao ◽  
Zirui Huang ◽  
Haitao Wu
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Panel Data ◽  
Carbon Emissions ◽  
Environmental Kuznets Curve ◽  
Kuznets Curve ◽  
Ekc Hypothesis ◽  
Capita Gross Domestic Product ◽  
Level Of Economic Development ◽  
The Relationship

Global warming has emerged as a serious threat to humans and sustainable development. China is under increasing pressure to curb its carbon emissions as the world’s largest emitter of carbon dioxide. By combining the Tapio decoupling model and the environmental Kuznets curve (EKC) framework, this paper explores the relationship between China’s carbon emissions and economic growth. Based on panel data of 29 provinces from 2007 to 2016, this paper quantitatively estimates the nexus of carbon emissions and economic development for the whole nation and the decoupling status of individual provinces. There is empirical evidence for the conventional EKC hypothesis, showing that the relationship between carbon emissions and per capita gross domestic product (GDP) is an inverted U shape and that the inflection point will not be attained soon. Moreover, following the estimation results of the Tapio decoupling model, there were significant differences between individual provinces in decoupling status. As a result, differentiated and targeted environmental regulations and policies regarding energy consumption and carbon emissions should be reasonably formulated for different provinces and regions based on the corresponding level of economic development and decoupling status.

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 Exploring the Relationship between Transportation Infrastructure and Regional Economic Growth Using Losch’s Location Theory

2021 ◽  
Vol 14 (3) ◽  
pp. 168
Author(s):  
Cristiano Farias Almeida ◽  
Francisco Gildemir Ferreira da Silva ◽  
Paulo Henrique Cirino Araujo
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Theoretical Model ◽  
Location Theory ◽  
Transportation Infrastructure ◽  
Regional Economic Growth ◽  
Vector Model ◽  
Spatial Panel ◽  
Auto Regressive ◽  
The Relationship

There are some knowledge gaps regarding the relationship between transportation infrastructure and economic development, especially about economic impacts that occur due to implementation of infrastructure in a given region, albeit various studies have addressed the issue. This paper aims to identify variables that affect economic development in order to contribute to the development of a theoretical model that could explain the relationship between transportation infrastructure and economic development. The theoretical model is satisfactory because it begins by analyzing the actions generated by the transportation infrastructure. Moreover, the model is based on the Location Theory considering the economic development and taking into account variables such as transportation costs, gain, product value, consumption, competition between companies and lastly monopoly. Finally, an econometric procedure, Spatial Panel Auto Regressive Vector Model (PVAR), was used to evaluate the relationship between economic development and investments in transportation infrastructure.

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.

Trade Unions, Economic Growth and Politics

1989 ◽  
Vol 31 (3) ◽  
pp. 372-384
Author(s):  
Ignace Ng ◽  
John McCallum
Keyword(s):  
Economic Growth ◽  
Trade Unions ◽  
Empirical Studies ◽  
Union Density ◽  
Primary Objective ◽  
The Subject ◽  
Growth Promoting ◽  
The Government ◽  
The Impact ◽  
The Relationship

Even though identifying the causes of economic growth has been the subject of numerous empirical studies, little is known about the impact of inter-country variations in unionization on differences in economic growth between countries. To fill this apparent gap in the literature, the primary objective of this paper is to examine the influence of trade unions on economic growth in seventeen oECD countries from 1960 to 1979. The results show that the nature of the relationship between trade unions and economic growth depends upon the ideology of the government in power. Under 'non-socialist' governments, increased union density reduces economic growth, whereas under `socialist' governments, a higher level of unionization increases economic growth. This, in turn, implies that governments can have an influence on whether trade unions are growth-inhibiting or growth-promoting. However, because of the limitations in the sample used, additional studies are needed before a consensus can be reached on this issue.

scholarly journals The EU cohesion policy and economic development of Poland

Equilibrium ◽  
2012 ◽  
Vol 7 (4) ◽  
pp. 31-48
Author(s):  
Tomasz Dorożyński
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Equal Opportunity ◽  
Social Economic ◽  
Added Value ◽  
Individual Member ◽  
Cohesion Policy ◽  
Member States ◽  
The Subject ◽  
The Eu

In order to remove regional economic disparities, the EU realizes the cohesion policy. The evaluation of the cohesion policy from the point of view of experiences of individual member states and the EU is not explicit. What is especially controversial here, are unsuccessful attempts to reach the main goal, which is social, economic and territorial cohesion. It does not mean the negation of outcomes of numerous researches which confirm a positive influence of the cohesion policy on the economic growth. The subject for a discussion is the right balance between the equality and effectiveness. The key issue is an answer to the question who and how to support. The question is whether the aid should be directed at the areas which guarantee the highest added value? Should it be the priority to give equal opportunity to the poorest and to support them? At present the cohesion policy is trying to combine both those goals. However, with the limited measures and rising social, economic and territorial disparities, those actions are ineffective. The pace of economic growth in Poland in the recent years – bigger than the average in the EU – has contributed to the making up for part of a development distance towards the rest of the member states. The cohesion policy had some participation in this process. The evaluation of the influence of the cohesion policy is not easy, though. One has to, however, separate its influence from other factors affecting the social-economic situation of the regions. The main aim of the article is an evaluation of the role of the EU cohesion policy in the stimulation of social-economic development of Poland, in particular its impact on the economy of the regions. The research method is an analysis of the literature of the subject. The bases of the conducted research were: statistical data, program documents, reports, national and EU law, quantitative and qualitative research and secondary sources presented in various studies.

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