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| rdf:type
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| Description
| - The Classical economists already emphasized the effect of education, more precisely skills and knowledge (human capital), to increase individual productivity and wealth of nation. Comprehensive concepts of theory of human capital appeared in the early Sixties of 20th century. In the last two decades, the human capital influence on economic growth and productivity was confirmed by many economic studies. The aim of this paper is to find out whether there is significant human capital effect on economic output in Visegrad group countries during the period 1999-2011. Augmented standard aggregate production function linking output to productive inputs - labour, physical capital, human capital and total factor productivity is used according to the new theories of economic growth. Many researchers express human capital as investment in education, schooling enrollments or average length of education. From our point of view, these variables do not seem to be appropriate indicators of human capit al. The value of it is expressed by tertiary graduates. Annual data collected from Eurostat were employed. Due to shortcoming of observations panel data model was performed. We found out negligible, but positive and statistically significant influence of human capital on economic growth.
- The Classical economists already emphasized the effect of education, more precisely skills and knowledge (human capital), to increase individual productivity and wealth of nation. Comprehensive concepts of theory of human capital appeared in the early Sixties of 20th century. In the last two decades, the human capital influence on economic growth and productivity was confirmed by many economic studies. The aim of this paper is to find out whether there is significant human capital effect on economic output in Visegrad group countries during the period 1999-2011. Augmented standard aggregate production function linking output to productive inputs - labour, physical capital, human capital and total factor productivity is used according to the new theories of economic growth. Many researchers express human capital as investment in education, schooling enrollments or average length of education. From our point of view, these variables do not seem to be appropriate indicators of human capit al. The value of it is expressed by tertiary graduates. Annual data collected from Eurostat were employed. Due to shortcoming of observations panel data model was performed. We found out negligible, but positive and statistically significant influence of human capital on economic growth. (en)
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| Title
| - Production Function and Human Capital: The Case of Visegrad Countries
- Production Function and Human Capital: The Case of Visegrad Countries (en)
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| skos:prefLabel
| - Production Function and Human Capital: The Case of Visegrad Countries
- Production Function and Human Capital: The Case of Visegrad Countries (en)
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| skos:notation
| - RIV/47813059:19520/13:#0002468!RIV14-MSM-19520___
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| http://linked.open...avai/predkladatel
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| http://linked.open...avai/riv/aktivita
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| http://linked.open...avai/riv/aktivity
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| http://linked.open...vai/riv/dodaniDat
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| http://linked.open...aciTvurceVysledku
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| http://linked.open.../riv/druhVysledku
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| http://linked.open...iv/duvernostUdaju
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| http://linked.open...titaPredkladatele
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| http://linked.open...dnocenehoVysledku
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| http://linked.open...ai/riv/idVysledku
| - RIV/47813059:19520/13:#0002468
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| http://linked.open...riv/jazykVysledku
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| http://linked.open.../riv/klicovaSlova
| - Economic Growth; Human Capital; Panel Data Model; Production Function (en)
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| http://linked.open.../riv/klicoveSlovo
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| http://linked.open...ontrolniKodProRIV
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| http://linked.open...v/mistoKonaniAkce
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| http://linked.open...i/riv/mistoVydani
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| http://linked.open...i/riv/nazevZdroje
| - Proceedings of the 31st International Conference Mathematical Methods in Economics 2013 - Part I
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| http://linked.open...in/vavai/riv/obor
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| http://linked.open...ichTvurcuVysledku
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| http://linked.open...cetTvurcuVysledku
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| http://linked.open...UplatneniVysledku
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| http://linked.open...iv/tvurceVysledku
| - VERNER, Tomáš
- CHUDÁRKOVÁ, Silvie
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| http://linked.open...vavai/riv/typAkce
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| http://linked.open.../riv/zahajeniAkce
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| number of pages
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| http://purl.org/ne...btex#hasPublisher
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| https://schema.org/isbn
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| http://localhost/t...ganizacniJednotka
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