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Statements

Subject Item
n2:RIV%2F47813059%3A19520%2F13%3A%230002479%21RIV14-MSM-19520___
rdf:type
n6:Vysledek skos:Concept
dcterms:description
Impact of education, more precisely impact of skills and knowledge (human capital) to increase individual productivity and wealth of nation, was already emphasized by classical economists. Comprehensive concepts of theory of human capital appeared in the early Sixties of 20th century. In the last two decades, the influence of human capital, more precisely influence of education on economic growth and productivity was confirmed by many economic studies. Human capital as an additional production factor is included in the new theories of economic growth. On the contrary, some experts criticize this unambiguous and inconclusive relation and some of them even disprove this hypothesis, publishing their studies. A lot of researchers expressed human capital as investment or expenditure in education, schooling enrollments or average length of education. In authors' opinion, these variables do not seem to be appropriate indicators of human capital. This paper deals with the relationship of hum an capital and economic growth in Visegrad group countries during the period 1999-2010. We consider increasing in human capital will tend to economic growth and thus will contribute to improvement of national competitiveness. Because of the lack of observations the importance of human capital in the economic growth of these countries is being proven by using panel data analysis. The value of human capital is expressed by the graduates' groups at the educational level, while economic growth is expressed by gross domestic product per capita. Annual data collected from Eurostat and converted into logs were employed. We found out the positive relationship between tertiary graduates and economic growth, on the other hand negative link between secondary graduates and economic growth. Impact of education, more precisely impact of skills and knowledge (human capital) to increase individual productivity and wealth of nation, was already emphasized by classical economists. Comprehensive concepts of theory of human capital appeared in the early Sixties of 20th century. In the last two decades, the influence of human capital, more precisely influence of education on economic growth and productivity was confirmed by many economic studies. Human capital as an additional production factor is included in the new theories of economic growth. On the contrary, some experts criticize this unambiguous and inconclusive relation and some of them even disprove this hypothesis, publishing their studies. A lot of researchers expressed human capital as investment or expenditure in education, schooling enrollments or average length of education. In authors' opinion, these variables do not seem to be appropriate indicators of human capital. This paper deals with the relationship of hum an capital and economic growth in Visegrad group countries during the period 1999-2010. We consider increasing in human capital will tend to economic growth and thus will contribute to improvement of national competitiveness. Because of the lack of observations the importance of human capital in the economic growth of these countries is being proven by using panel data analysis. The value of human capital is expressed by the graduates' groups at the educational level, while economic growth is expressed by gross domestic product per capita. Annual data collected from Eurostat and converted into logs were employed. We found out the positive relationship between tertiary graduates and economic growth, on the other hand negative link between secondary graduates and economic growth.
dcterms:title
The Economic Growth and Human Capital: The Case of Visegrad Countries The Economic Growth and Human Capital: The Case of Visegrad Countries
skos:prefLabel
The Economic Growth and Human Capital: The Case of Visegrad Countries The Economic Growth and Human Capital: The Case of Visegrad Countries
skos:notation
RIV/47813059:19520/13:#0002479!RIV14-MSM-19520___
n6:predkladatel
n19:orjk%3A19520
n3:aktivita
n4:S
n3:aktivity
S
n3:dodaniDat
n8:2014
n3:domaciTvurceVysledku
n13:3100626 n13:1874217
n3:druhVysledku
n18:D
n3:duvernostUdaju
n10:S
n3:entitaPredkladatele
n14:predkladatel
n3:idSjednocenehoVysledku
71161
n3:idVysledku
RIV/47813059:19520/13:#0002479
n3:jazykVysledku
n17:eng
n3:klicovaSlova
economic growth; human capital; national competitiveness; panel data model
n3:klicoveSlovo
n12:economic%20growth n12:national%20competitiveness n12:panel%20data%20model n12:human%20capital
n3:kontrolniKodProRIV
[828BA653DA72]
n3:mistoKonaniAkce
Liberec
n3:mistoVydani
Liberec
n3:nazevZdroje
Proceedings of the 11th International Conference Liberec Economic Forum 2013
n3:obor
n16:AH
n3:pocetDomacichTvurcuVysledku
2
n3:pocetTvurcuVysledku
2
n3:rokUplatneniVysledku
n8:2013
n3:tvurceVysledku
VERNER, Tomáš CHUDÁRKOVÁ, Silvie
n3:typAkce
n7:EUR
n3:zahajeniAkce
2013-09-16+02:00
s:numberOfPages
8
n20:hasPublisher
Technická univerzita v Liberci
n15:isbn
978-80-7372-953-0
n5:organizacniJednotka
19520