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The role of the human capital in the economic growth

Author

Listed:
  • Buta Simona

    () (“Stefan cel Mare” University of Suceava)

  • Kicsi Rozalia

    () (“Stefan cel Mare” University of Suceava)

Abstract

The main idea on which is based this paper is the one that education and health or what the economists distantly called „human capital” and had a major role in any theoretical and empirical model of the economic growth and development. Of course, no economy can have success only with a workforce that is educated, there are other factors that must be taken into consideration. It is certain that in a capitalist context the educated workforce can give a major impulse to the economy, when other factors are not present. The present article goes on the line of the economic growth following to delimit the interdependent factors that cause and support the growth of the GDP (gross domestic product) per inhabitant in a durable way, with predilection the role of education, of the human capital.

Suggested Citation

  • Buta Simona & Kicsi Rozalia, 2010. "The role of the human capital in the economic growth," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 572-579, May.
  • Handle: RePEc:ovi:oviste:v:10:y:2010:i:1:p:572-579
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    More about this item

    Keywords

    economic growth; human capital; education;

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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