Human Capital and Economic Growth - How Strong is the Nexus?
The link between human capital and economic growth still remains unexplained because of the measurement issues connected to the human capital stock. This study investigates the link between human capital stock and economic growth using inclusive wealth index and ratio of engaged to actively disengag...
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| Format: | Article |
| Language: | English |
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Editura ASE
2016-08-01
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| Series: | Amfiteatru Economic |
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| Online Access: | http://www.amfiteatrueconomic.ro/ArticolEN.aspx?CodArticol=2548 |
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| author | Marinko Škare Sabina Lacmanović |
| author_facet | Marinko Škare Sabina Lacmanović |
| author_sort | Marinko Škare |
| collection | DOAJ |
| description | The link between human capital and economic growth still remains unexplained because of the measurement issues connected to the human capital stock. This study investigates the link between human capital stock and economic growth using inclusive wealth index and ratio of engaged to actively disengaged employees as proxy for human capital stock. Data from the global workplace and inclusive wealth reports are used in order to provide an international comparison of the link between human capital and inclusive wealth. Cross country comparison show human capital largerly contribute to the inclusive wealth formation. Formal education is important but also motivating working environment is needed to achieve sustainable economic growth. The finding further indicates that standard human capital growth model should be revised taking into the account variables addressing sustainable growth (not just growth) and environmental variables (work conditions) affecting human capital stock. Countries encouraging investments in the development of individuals both through formal education and inspiring work environments achieve higher sustainable economic growth |
| format | Article |
| id | doaj-art-1a7500d497c943eaaa30198a3c8b4ec8 |
| institution | Kabale University |
| issn | 1582-9146 2247-9104 |
| language | English |
| publishDate | 2016-08-01 |
| publisher | Editura ASE |
| record_format | Article |
| series | Amfiteatru Economic |
| spelling | doaj-art-1a7500d497c943eaaa30198a3c8b4ec82025-08-20T03:54:23ZengEditura ASEAmfiteatru Economic1582-91462247-91042016-08-011843612633Human Capital and Economic Growth - How Strong is the Nexus?Marinko Škare0Sabina Lacmanović 1Juraj Dobrila University of Pula, CroatiaJuraj Dobrila University of Pula, CroatiaThe link between human capital and economic growth still remains unexplained because of the measurement issues connected to the human capital stock. This study investigates the link between human capital stock and economic growth using inclusive wealth index and ratio of engaged to actively disengaged employees as proxy for human capital stock. Data from the global workplace and inclusive wealth reports are used in order to provide an international comparison of the link between human capital and inclusive wealth. Cross country comparison show human capital largerly contribute to the inclusive wealth formation. Formal education is important but also motivating working environment is needed to achieve sustainable economic growth. The finding further indicates that standard human capital growth model should be revised taking into the account variables addressing sustainable growth (not just growth) and environmental variables (work conditions) affecting human capital stock. Countries encouraging investments in the development of individuals both through formal education and inspiring work environments achieve higher sustainable economic growthhttp://www.amfiteatrueconomic.ro/ArticolEN.aspx?CodArticol=2548human capitaleconomic growthinclusive wealthcross-country comparisonemployees engagement |
| spellingShingle | Marinko Škare Sabina Lacmanović Human Capital and Economic Growth - How Strong is the Nexus? Amfiteatru Economic human capital economic growth inclusive wealth cross-country comparison employees engagement |
| title | Human Capital and Economic Growth - How Strong is the Nexus? |
| title_full | Human Capital and Economic Growth - How Strong is the Nexus? |
| title_fullStr | Human Capital and Economic Growth - How Strong is the Nexus? |
| title_full_unstemmed | Human Capital and Economic Growth - How Strong is the Nexus? |
| title_short | Human Capital and Economic Growth - How Strong is the Nexus? |
| title_sort | human capital and economic growth how strong is the nexus |
| topic | human capital economic growth inclusive wealth cross-country comparison employees engagement |
| url | http://www.amfiteatrueconomic.ro/ArticolEN.aspx?CodArticol=2548 |
| work_keys_str_mv | AT marinkoskare humancapitalandeconomicgrowthhowstrongisthenexus AT sabinalacmanovic humancapitalandeconomicgrowthhowstrongisthenexus |