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

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

O - Projekt operacniho programu

Rok uplatnění

2013

Kód důvěrnosti údajů

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

Název statě ve sborníku

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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Počet stran výsledku

6

Strana od-do

381-386

Název nakladatele

WSEAS Press

Místo vydání

Athény

Místo konání akce

Chania, Kréta

Datum konání akce

27. 8. 2013

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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