IDEAS home Printed from https://ideas.repec.org/a/aio/rteyej/v1y2014i23p95-100.html
   My bibliography  Save this article

Human Capital In Economic Theory And Practice

Author

Listed:
  • Prof. Dalia Simion Ph. D

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

  • Assist. Prof. Daniel Toba Ph. D

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

Abstract

In the current context, when the economic environment is marked by profound changes, the companies face a number of key issues like: globalization and thus increased competition, the development of information and communication technologies, change of consumer behavior, the greater role of intangible assets, all these factors affecting the competitiveness and development of firms. Human capital and its influence on economic growth and firm performance can contribute to strengthening the position of a country or company. In this article we focused on coverage over time, human capital in economic theory and practice of the factor of production to be minimized to internal resource of an organization that can provide a sustainable competitive advantage.

Suggested Citation

  • Prof. Dalia Simion Ph. D & Assist. Prof. Daniel Toba Ph. D, 2014. "Human Capital In Economic Theory And Practice," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(23), pages 95-100, November.
    • Handle: RePEc:aio:rteyej:v:1:y:2014:i:23:p:95-100
    as

    Download full text from publisher

    File URL: http://feaa.ucv.ro/RTE/023-11.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Gary S. Becker, 1962. "Investment in Human Capital: A Theoretical Analysis," NBER Chapters, in: Investment in Human Beings, pages 9-49, National Bureau of Economic Research, Inc.
    2. Yoram Ben-Porath, 1967. "The Production of Human Capital and the Life Cycle of Earnings," Journal of Political Economy, University of Chicago Press, vol. 75(4), pages 352-352.
    3. Jacob Mincer, 1958. "Investment in Human Capital and Personal Income Distribution," Journal of Political Economy, University of Chicago Press, vol. 66(4), pages 281-281.
    4. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Husain, Muhammad Jami, 2010. "Contribution of health to economic development: A survey and overview," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 4, pages 1-52.
    2. Klaus Waelde, 1996. "Lifetime learning, biased technological change and the evolution of wages in the U.S. 1960 - 1990," Labor and Demography 9601001, University Library of Munich, Germany.
    3. Maria Klonowska-Matynia & Radosław Sobko, 2021. "Spatial Analysis of the Relationship between Health Capital and the Level of Health Care Expenditure in Poland," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 1), pages 133-151.
    4. José Luis Torres Chacon, 2015. "Introduction to Dynamic Macroeconomic General Equilibrium Models," Vernon Press Titles in Economics, Vernon Art and Science Inc, edition 2, number 54, July.
    5. Chaitali Sinha, 2014. "Human Capital and Public Policy," South Asian Journal of Macroeconomics and Public Finance, , vol. 3(1), pages 79-125, June.
    6. Nikita Céspedes & Pablo Lavado & Nelson Ramírez (ed.), 2016. "Productividad en el Perú: medición, determinantes e implicancias," Books, Departamento de Economía, Universidad del Pacífico, edition 1, number 07-14.
    7. José Luis Torres Chacon, 2015. "Introduction to Dynamic Macroeconomic General Equilibrium Models [Second Edition, Paperback]," Vernon Press Titles in Economics, Vernon Art and Science Inc, edition 2, number 44.
    8. Jellal, Mohamed, 2014. "Education private and social returns an optimal taxation policy," MPRA Paper 57190, University Library of Munich, Germany.
    9. Uwe Sunde & Thomas Dohmen & Benjamin Enke & Armin Falkbriq & David Huffman & Gerrit Meyerheim, 2022. "Patience and Comparative Development [How Large Are Human-capital Externalities? Evidence from Compulsory Schooling Laws]," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 89(5), pages 2806-2840.
    10. Ilyess Karouni, 2022. "Thinking out stratification: the concept of subalternity," Review of Evolutionary Political Economy, Springer, vol. 3(3), pages 629-642, October.
    11. Xinhui Wu & Luan Chen & Li Ma & Liru Cai & Xun Li, 2023. "Return migration, rural household investment decision, and poverty alleviation: Evidence from rural Guangdong, China," Growth and Change, Wiley Blackwell, vol. 54(1), pages 304-325, March.
    12. Kirill Borissov & Stefano Bosi & Thai Ha-Huy & Leonor Modesto, 2017. "Heterogeneous Human Capital, Inequality and Growth: The Role of Patience and Skills," EUSP Department of Economics Working Paper Series 2017/03, European University at St. Petersburg, Department of Economics.
    13. Kenneth L. Sørensen & Rune Vejlin, 2014. "Return To Experience And Initial Wage Level: Do Low Wage Workers Catch Up?," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 29(6), pages 984-1006, September.
    14. Ooft, Gavin & Eckhorst, Karel, 2013. "Human Capital Development and Economic Growth in Suriname," EconStor Preprints 215530, ZBW - Leibniz Information Centre for Economics.
    15. Warn N. Lekfuangfu & Nattavudh Powdthavee & Nele Warrinnier & Francesca Cornaglia, 2018. "Locus of Control and its Intergenerational Implications for Early Childhood Skill Formation," Economic Journal, Royal Economic Society, vol. 128(608), pages 298-329, February.
    16. Rodolfo Cermeño & Sirenia Vázquez, 2009. "Technological Backwardness in Agriculture: Is it Due to Lack of R&D, Human Capital, and Openness to International Trade?," Review of Development Economics, Wiley Blackwell, vol. 13(4), pages 673-686, November.
    17. Gang Liu & Barbara M. Fraumeni, 2020. "A Brief Introduction to Human Capital Measures," NBER Working Papers 27561, National Bureau of Economic Research, Inc.
    18. Dagum, Camilo & Slottje, Daniel J., 2000. "A new method to estimate the level and distribution of household human capital with application," Structural Change and Economic Dynamics, Elsevier, vol. 11(1-2), pages 67-94, July.
    19. Jorge Calero & Josep-Oriol Escardíbul, 2014. "Barriers to non-formal professional training in Spain in periods of economic growth and crisis. An analysis with special attention to the effect of the previous human capital of workers," Working Papers 2014/12, Institut d'Economia de Barcelona (IEB).
    20. Lida Fan, 2009. "Measuring Interprovincial Flows of Human Capital in China: 1995–2000," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 28(3), pages 367-387, June.

    More about this item

    Keywords

    human capital; human development; knowledge economy; firms performance; economic growth; intangibles;
    All these keywords.

    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aio:rteyej:v:1:y:2014:i:23:p:95-100. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ionascu Costel (email available below). General contact details of provider: https://edirc.repec.org/data/fecraro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.