Dynamics of Human Capital Development in Economic Development Cycles

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F21%3A85385" target="_blank" >RIV/60460709:41110/21:85385 - isvavai.cz</a>
Result on the web
<a href="https://www.mdpi.com/2227-7099/9/2/67" target="_blank" >https://www.mdpi.com/2227-7099/9/2/67</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.3390/economies9020067" target="_blank" >10.3390/economies9020067</a>

Result language
angličtina
Original language name
Dynamics of Human Capital Development in Economic Development Cycles
Original language description
Our paper focuses on the dynamics of development of human capital in economic development cycles, as described, for example, in the works of Becker or Barro). In the course of this research, we created an econometric model based on the modified Mankiw Romer Weil equation of the Cobb Douglas function which takes into account the factor of convergence and divergence and differentiation due to changes in the size of territories, population, volume of economies, and other parameters of the studied states and societies. The applied Theil index makes it possible (since it can be used as a transition key) to compare the dynamic time series of human capital development in the early industrial and post-industrial, knowledge, as well as the information cycles of economic development. Drawing on the historical experience of four industrial revolutions, our paper finds that, contrary to popular belief, which considers early industrialization to be a largely unfettered process and human capital development to be
Czech name
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Czech description
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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

Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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