Production Function and Human Capital: The Case of Visegrad Countries

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 and Human Capital: The Case of Visegrad Countries

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

Production Function and Human Capital: The Case of Visegrad Countries

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

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 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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Počet stran výsledku

5

Strana od-do

321-325

Název nakladatele

VŠPJ

Místo vydání

Jihlava

Místo konání akce

Jihlava, Česká republika

Datum konání akce

11. 9. 2013

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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