The linkage between Human capital development and economic growth: Using a cobb douglas production function to test how far Human capital development affect national output

 
9783659128585: The linkage between Human capital development and economic growth: Using a cobb douglas production function to test how far Human capital development affect national output

Human capital is a necessary condition for economic growth. While in the past, much effort focused on expanding access, we now understand that human capital is much more than educational attainment .Skills acquisition and the capacity to continue learning throughout the lifecycle are needed to develop individuals and to foster the rise in productivity needed for economic growth. The main objective of this study is to analyse the extent to which education level of a county’s labour force affects its economic growth that is output level.A Cobb-Douglas production function with constant returns to scale is used where Human capital is treated as an independent factor of production in the human capital augmented growth model.We further employ an error correction model which combines long-run information with a short-run adjustment mechanism in order to remove biased coefficient estimates.The main results shows that higher levels of human capital directly influence productivity via its impact on domestic innovation. Secondly, higher levels of human capital cause improvements in total factor productivity by facilitating the adoption and implementation of foreign technology.

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About the Author:

Mrs Sheereen Fauzel is an educator and is also engaged in lecturing at universities. Having completed a BSC in Economics and Finance and a Master’s degree in Banking and Finance, her areas of expertise are finance, banking and economics. She has participated in international conferences and she is currently working on a doctoral thesis.

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Sheereen Banon Fauzel
Editorial: LAP Lambert Academic Publishing 2012-05-24 (2012)
ISBN 10: 3659128589 ISBN 13: 9783659128585
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Descripción LAP Lambert Academic Publishing 2012-05-24, 2012. paperback. Estado de conservación: New. Nº de ref. de la librería 9783659128585

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Fauzel, Sheereen Banon
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Descripción Estado de conservación: New. Publisher/Verlag: LAP Lambert Academic Publishing | Using a cobb douglas production function to test how far Human capital development affect national output | Human capital is a necessary condition for economic growth. While in the past, much effort focused on expanding access, we now understand that human capital is much more than educational attainment .Skills acquisition and the capacity to continue learning throughout the lifecycle are needed to develop individuals and to foster the rise in productivity needed for economic growth. The main objective of this study is to analyse the extent to which education level of a county s labour force affects its economic growth that is output level.A Cobb-Douglas production function with constant returns to scale is used where Human capital is treated as an independent factor of production in the human capital augmented growth model.We further employ an error correction model which combines long-run information with a short-run adjustment mechanism in order to remove biased coefficient estimates.The main results shows that higher levels of human capital directly influence productivity via its impact on domestic innovation. Secondly, higher levels of human capital cause improvements in total factor productivity by facilitating the adoption and implementation of foreign technology. | Format: Paperback | Language/Sprache: english | 134 gr | 220x150x5 mm | 88 pp. Nº de ref. de la librería K9783659128585

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Fauzel, Sheereen Banon
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Descripción LAP Lambert Academic Publishing, 2016. Paperback. Estado de conservación: New. PRINT ON DEMAND Book; New; Publication Year 2016; Not Signed; Fast Shipping from the UK. No. book. Nº de ref. de la librería ria9783659128585_lsuk

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Descripción LAP Lambert Academic Publishing, 2012. PAP. Estado de conservación: New. New Book. Shipped from US within 10 to 14 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Nº de ref. de la librería IQ-9783659128585

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Sheereen Banon Fauzel
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Descripción LAP Lambert Academic Publishing Mai 2012, 2012. Taschenbuch. Estado de conservación: Neu. Neuware - Human capital is a necessary condition for economic growth. While in the past, much effort focused on expanding access, we now understand that human capital is much more than educational attainment .Skills acquisition and the capacity to continue learning throughout the lifecycle are needed to develop individuals and to foster the rise in productivity needed for economic growth. The main objective of this study is to analyse the extent to which education level of a county s labour force affects its economic growth that is output level.A Cobb-Douglas production function with constant returns to scale is used where Human capital is treated as an independent factor of production in the human capital augmented growth model.We further employ an error correction model which combines long-run information with a short-run adjustment mechanism in order to remove biased coefficient estimates.The main results shows that higher levels of human capital directly influence productivity via its impact on domestic innovation. Secondly, higher levels of human capital cause improvements in total factor productivity by facilitating the adoption and implementation of foreign technology. 88 pp. Englisch. Nº de ref. de la librería 9783659128585

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Sheereen Banon Fauzel
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Descripción LAP Lambert Academic Publishing Mai 2012, 2012. Taschenbuch. Estado de conservación: Neu. Neuware - Human capital is a necessary condition for economic growth. While in the past, much effort focused on expanding access, we now understand that human capital is much more than educational attainment .Skills acquisition and the capacity to continue learning throughout the lifecycle are needed to develop individuals and to foster the rise in productivity needed for economic growth. The main objective of this study is to analyse the extent to which education level of a county s labour force affects its economic growth that is output level.A Cobb-Douglas production function with constant returns to scale is used where Human capital is treated as an independent factor of production in the human capital augmented growth model.We further employ an error correction model which combines long-run information with a short-run adjustment mechanism in order to remove biased coefficient estimates.The main results shows that higher levels of human capital directly influence productivity via its impact on domestic innovation. Secondly, higher levels of human capital cause improvements in total factor productivity by facilitating the adoption and implementation of foreign technology. 88 pp. Englisch. Nº de ref. de la librería 9783659128585

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Sheereen Banon Fauzel
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Descripción LAP Lambert Academic Publishing, Germany, 2012. Paperback. Estado de conservación: New. Aufl.. Language: English . Brand New Book ***** Print on Demand *****.Human capital is a necessary condition for economic growth. While in the past, much effort focused on expanding access, we now understand that human capital is much more than educational attainment .Skills acquisition and the capacity to continue learning throughout the lifecycle are needed to develop individuals and to foster the rise in productivity needed for economic growth. The main objective of this study is to analyse the extent to which education level of a county s labour force affects its economic growth that is output level.A Cobb-Douglas production function with constant returns to scale is used where Human capital is treated as an independent factor of production in the human capital augmented growth model.We further employ an error correction model which combines long-run information with a short-run adjustment mechanism in order to remove biased coefficient estimates.The main results shows that higher levels of human capital directly influence productivity via its impact on domestic innovation. Secondly, higher levels of human capital cause improvements in total factor productivity by facilitating the adoption and implementation of foreign technology. Nº de ref. de la librería AAV9783659128585

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Sheereen Banon Fauzel
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ISBN 10: 3659128589 ISBN 13: 9783659128585
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Descripción LAP LAMBERT Academic Publishing, 2012. Paperback. Estado de conservación: New. book. Nº de ref. de la librería M3659128589

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Sheereen Banon Fauzel
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Descripción LAP Lambert Academic Publishing Mai 2012, 2012. Taschenbuch. Estado de conservación: Neu. This item is printed on demand - Print on Demand Neuware - Human capital is a necessary condition for economic growth. While in the past, much effort focused on expanding access, we now understand that human capital is much more than educational attainment .Skills acquisition and the capacity to continue learning throughout the lifecycle are needed to develop individuals and to foster the rise in productivity needed for economic growth. The main objective of this study is to analyse the extent to which education level of a county s labour force affects its economic growth that is output level.A Cobb-Douglas production function with constant returns to scale is used where Human capital is treated as an independent factor of production in the human capital augmented growth model.We further employ an error correction model which combines long-run information with a short-run adjustment mechanism in order to remove biased coefficient estimates.The main results shows that higher levels of human capital directly influence productivity via its impact on domestic innovation. Secondly, higher levels of human capital cause improvements in total factor productivity by facilitating the adoption and implementation of foreign technology. 88 pp. Englisch. Nº de ref. de la librería 9783659128585

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