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

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>

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

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50201 - Economic Theory

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2020

Confidentiality

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

Name of the periodical

Journal of Economic and Administrative Sciences

ISSN

1026-4116

e-ISSN

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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

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