THEORETICAL AND EMPIRICAL LITERATURE OF THE RELATIONSHIP BETWEEN HUMAN CAPITAL AND ECONOMIC GROWTH

Authors : Bayram AYDIN, Murat Dündar DEMİRÖZ

Pages : 431-448

Doi:10.29106/fesa.1267542

View : 72 | Download : 97

Publication Date : 2023-06-30

Article Type : Research Paper

Abstract :Economic growth, which is prominent indicators of economic performance and welfare conditions, is an important parameter that gives way to government policies. For this reason, it has been the subject of many academic studies by the economics literature. Although in the past it was thought that growth was achieved entirely through physical resources, today growth is based on intangible factors such as knowledge. For the use and supply of information, the presence of people with skills and experience is needed. At this point, Schultz insert ignore into journalissuearticles values(1961); defined the human stock of a nation with knowledge, skills and experience as human capital. The concept of human capital, which has an important place in the literature within the framework of endogenous growth theories, has been associated with economic growth. However, studies have revealed various results and no consensus has been reached about the relationship between the variables. Therefore, in this study, it is aimed to bring together the theoretical and empirical findings on the relationship between human capital and economic growth.
Keywords : Beşeri Sermaye, Ekonomik Büyüme, Literatür Çalışması