Personal Capital and Emotional Intelligence: An Increasingly Important Intangible Source of Economic Growth
AbstractThis paper focuses on a new source of economic growth, personal capital formation, and provides an explanation for a part of economic growth that has heretofore been unexplained. Personal capital is the human capacity reflecting the quality of an individual's psychological, physical, and spiritual functioning; it is a capacity fundamentally different from cognitive ability. Spending effort to improve emotional intelligence, often in order to improve job performance, is the essence of what successful investment in personal capital involves. Given the increasing investment in it and the evidence of its importance, economists can no longer afford to neglect the contribution of personal capital to economic growth.
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Bibliographic InfoArticle provided by Eastern Economic Association in its journal Eastern Economic Journal.
Volume (Year): 29 (2003)
Issue (Month): 3 (Summer)
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More information through EDIRC
Economic Growth; Growth;
Find related papers by JEL classification:
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
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