Production Function and Human Capital: The Case of Visegrad Countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F13%3A%230002468" target="_blank" >RIV/47813059:19520/13:#0002468 - 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 and Human Capital: The Case of Visegrad Countries
Original language description
The Classical economists already emphasized the effect of education, more precisely skills and knowledge (human capital), to increase individual productivity and wealth of nation. Comprehensive concepts of theory of human capital appeared in the early Sixties of 20th century. In the last two decades, the human capital influence on economic growth and productivity was confirmed by many economic studies. The aim of this paper is to find out whether there is significant human capital effect on economic output in Visegrad group countries during the period 1999-2011. Augmented standard aggregate production function linking output to productive inputs - labour, physical capital, human capital and total factor productivity is used according to the new theories of economic growth. Many researchers express human capital as investment in education, schooling enrollments or average length of education. From our point of view, these variables do not seem to be appropriate indicators of human capit
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 31st International Conference Mathematical Methods in Economics 2013 - Part I
ISBN
978-80-87035-76-4
ISSN
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e-ISSN
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Number of pages
5
Pages from-to
321-325
Publisher name
VŠPJ
Place of publication
Jihlava
Event location
Jihlava, Česká republika
Event date
Sep 11, 2013
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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