Human Capital and Economic Growth in OECD: Some New Insights
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26482789%3A_____%2F20%3AN0000058" target="_blank" >RIV/26482789:_____/20:N0000058 - isvavai.cz</a>
Result on the web
<a href="https://www.emerald.com/insight/content/doi/10.1108/JEAS-07-2019-0073/full/html" target="_blank" >https://www.emerald.com/insight/content/doi/10.1108/JEAS-07-2019-0073/full/html</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: Some New Insights
Original language description
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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Classification
Type
J<sub>imp</sub> - 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
Result continuities
Project
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Continuities
N - Vyzkumna aktivita podporovana z neverejnych zdroju
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
2054-6246
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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