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  • Impact of education, more precisely impact of skills and knowledge (human capital) to increase individual productivity and wealth of a nation, was already emphasized by classical economists. However, their opinions and findings were not included in detailed analyses and systematically processed. Comprehensive concepts of theory of human capital were introduced in the early Sixties of 20th century. In the last twenty years, the influence of human capital was confirmed by many economic studies, more precisely influence of education on economic growth and productivity. On the contrary, some experts criticize this unambiguous and inconclusive relation and some of them even disprove this hypothesis, publishing their studies. This paper considers the relationship of human capital and economic growth in Austria. The importance of human capital in the economic growth of this country is being proven by using two types of econometric analyses. One of them is cointegration test.
  • Impact of education, more precisely impact of skills and knowledge (human capital) to increase individual productivity and wealth of a nation, was already emphasized by classical economists. However, their opinions and findings were not included in detailed analyses and systematically processed. Comprehensive concepts of theory of human capital were introduced in the early Sixties of 20th century. In the last twenty years, the influence of human capital was confirmed by many economic studies, more precisely influence of education on economic growth and productivity. On the contrary, some experts criticize this unambiguous and inconclusive relation and some of them even disprove this hypothesis, publishing their studies. This paper considers the relationship of human capital and economic growth in Austria. The importance of human capital in the economic growth of this country is being proven by using two types of econometric analyses. One of them is cointegration test. (en)
Title
  • Relationship between human capital and economic growth: the case of Austria
  • Relationship between human capital and economic growth: the case of Austria (en)
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  • Relationship between human capital and economic growth: the case of Austria
  • Relationship between human capital and economic growth: the case of Austria (en)
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  • RIV/47813059:19520/12:#0001857!RIV13-MSM-19520___
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  • 164828
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  • RIV/47813059:19520/12:#0001857
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  • Economic growth, human capital, cointegration, error correction model (en)
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  • [819C7983233E]
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  • Karviná
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  • Karviná
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  • Proceedings of the 30th International Conference Mathematical Methods in Economics 2012
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  • Verner, Tomáš
  • Chudárková, Silvie
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  • Slezská univerzita v Opavě. Obchodně podnikatelská fakulta v Karviné
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  • 978-80-7248-779-0
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  • 19520
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