Production Function, Human Capital and selected Countries of the European Union

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F13%3A%230002215" target="_blank" >RIV/47813059:19520/13:#0002215 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Production Function, Human Capital and selected Countries of the European Union
Original language description
The effect of education was already emphasized by the Classical economists. Comprehensive frameworks of human capital theories appeared in the early Sixties of 20th century. The human capital effect on economic growth and productivity was confirmed by many economic studies in the last two decades. The main aim of this paper is to find out growth effect of human capital in the selected European Union countries during 2000-2010. Augmented standard aggregate production function linking output to productiveinputs - labour, physical and human capital and total factor productivity is used according to the new theories of economic growth. Due to shortcoming of observations panel data model was performed. Positive and statistically significant effect of all inputs was found.
Czech name
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Czech description
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Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 5th International Conference on Applied Economics, Business and Development (AEBD'13)
ISBN
978-960-474-323-0
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
381-386
Publisher name
WSEAS Press
Place of publication
Athény
Event location
Chania, Kréta
Event date
Aug 27, 2013
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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