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Human capital and economic growth in OECD countries: some new insights

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F20%3A10425501" target="_blank" >RIV/00216208:11230/20:10425501 - isvavai.cz</a>

  • Result on the web

    <a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=nc-z9oXn7Q" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=nc-z9oXn7Q</a>

  • DOI - Digital Object Identifier

    <a href="http://dx.doi.org/10.1108/JEAS-07-2019-0073" target="_blank" >10.1108/JEAS-07-2019-0073</a>

Alternative languages

  • Result language

    angličtina

  • Original language name

    Human capital and economic growth in OECD countries: some new insights

  • Original language description

    Purpose The new growth literature in general is very optimistic about the positive impact that human capital has on the economic growth of countries. Based on this argument, the current paper focusses to investigate the impact of different types of human capital on economic growth. Design/methodology/approach The paper utilizes data for the period 1998 to 2017 and employs suitable econometric techniques. Findings It is found that it is not the stock of human capital rather its utilization in terms of average working hours that matters for higher growth. Other than human capital, trade openness and investment are positively associated with growth. On the other hand, inflation has an insignificant impact while employment level has a negative impact on growth. Moreover, for developing countries, the study also revealed that stock of human capital has negatively and average working hours has positively impacted economic growth. Finally, domestic investment and employment level appeared to be the main growth determinants in developing countries. Research limitations/implications Policymakers are suggested to ensure the maximum utilization of working hours, trade openness and domestic investment in improving economic growth in OECD countries. Originality/value This study has visualized the impact of human capital on economic growth from a new perspective and hence would be useful for policymakers.

  • Czech name

  • Czech description

Classification

  • Type

    J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database

  • CEP classification

  • OECD FORD branch

    50201 - Economic Theory

Result continuities

  • Project

  • Continuities

    I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Others

  • Publication year

    2020

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Name of the periodical

    Journal of Economic and Administrative Sciences

  • ISSN

    1026-4116

  • e-ISSN

  • Volume of the periodical

    36

  • Issue of the periodical within the volume

    4

  • Country of publishing house

    GB - UNITED KINGDOM

  • Number of pages

    14

  • Pages from-to

    367-380

  • UT code for WoS article

    000539615600001

  • EID of the result in the Scopus database