Human capital and performance of economy
Ľudský kapitál a ekonomika
Paper reviews definitions of human capital, history of economic research in the field and measures of human capital. We also focus on returns-on-investment into human capital and analyse channels through which human capital influences economic output. Positive externalities of human capital are mentioned as well as its specificities that differentiate human and physical capital. Human capital is an important determinant of economic growth. Policymakers in the Slovak Republic should get aware of this valuable factor of growth and implement it into national economic policy. Continuing disinvestment into educational system and research should be rapidly changed in order to prevent widening the gap between Slovakia and developed economies.
Bibliografické informácie (sk)
DOBEŠ, Marek. Ľudský kapitál a ekonomika. Človek a spoločnosť, 2003, roč. 6, č. 2.
DOBEŠ, Marek. Human capital and performance of economy. Individual and Society, 2003, Vol. 6, No. 2.