The human capital rationale behind the economic growth of the European Union countries: application of the advanced methods to enhance an efficiency of national human capital stocks
Human capital is an important factor of economic growth, as has been underlined by recent theoretical models. The main goal of this article is to elucidate the relationship between human capital and dynamics of economic growth in the European Union (EU). For the purposes of this article human capita...
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| Format: | Article |
| Language: | English |
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Peoples’ Friendship University of Russia (RUDN University)
2019-12-01
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| Series: | RUDN Journal of Economics |
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| Online Access: | http://journals.rudn.ru/economics/article/viewFile/21299/17028 |
| _version_ | 1819039199607652352 |
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| author | Iuliia A. Stabinskaite |
| author_facet | Iuliia A. Stabinskaite |
| author_sort | Iuliia A. Stabinskaite |
| collection | DOAJ |
| description | Human capital is an important factor of economic growth, as has been underlined by recent theoretical models. The main goal of this article is to elucidate the relationship between human capital and dynamics of economic growth in the European Union (EU). For the purposes of this article human capital is defined as knowledge, skills as well as other individual factors which lead to higher productivity. Therefore, the greatest attention is focused on the multi-dimensional assessment of human capital in the processes of economic development of the European countries. A detailed evaluation of human capital in the EU is represented at interregional and international levels. Furthermore, author suggests a guidance for designing and planning strategies aimed at sustainable economic development by using the model predictive control algorithms. |
| first_indexed | 2024-12-21T08:49:25Z |
| format | Article |
| id | doaj.art-2ecb3fabe5054d16a1f4e7a1a3cada1f |
| institution | Directory Open Access Journal |
| issn | 2313-2329 2408-8986 |
| language | English |
| last_indexed | 2024-12-21T08:49:25Z |
| publishDate | 2019-12-01 |
| publisher | Peoples’ Friendship University of Russia (RUDN University) |
| record_format | Article |
| series | RUDN Journal of Economics |
| spelling | doaj.art-2ecb3fabe5054d16a1f4e7a1a3cada1f2022-12-21T19:09:43ZengPeoples’ Friendship University of Russia (RUDN University)RUDN Journal of Economics2313-23292408-89862019-12-01271354810.22363/2313-2329-2019-27-1-35-4817696The human capital rationale behind the economic growth of the European Union countries: application of the advanced methods to enhance an efficiency of national human capital stocksIuliia A. Stabinskaite0State University of ManagementHuman capital is an important factor of economic growth, as has been underlined by recent theoretical models. The main goal of this article is to elucidate the relationship between human capital and dynamics of economic growth in the European Union (EU). For the purposes of this article human capital is defined as knowledge, skills as well as other individual factors which lead to higher productivity. Therefore, the greatest attention is focused on the multi-dimensional assessment of human capital in the processes of economic development of the European countries. A detailed evaluation of human capital in the EU is represented at interregional and international levels. Furthermore, author suggests a guidance for designing and planning strategies aimed at sustainable economic development by using the model predictive control algorithms.http://journals.rudn.ru/economics/article/viewFile/21299/17028human capitallife expectancyeducationeconomic growthEuropean Union |
| spellingShingle | Iuliia A. Stabinskaite The human capital rationale behind the economic growth of the European Union countries: application of the advanced methods to enhance an efficiency of national human capital stocks RUDN Journal of Economics human capital life expectancy education economic growth European Union |
| title | The human capital rationale behind the economic growth of the European Union countries: application of the advanced methods to enhance an efficiency of national human capital stocks |
| title_full | The human capital rationale behind the economic growth of the European Union countries: application of the advanced methods to enhance an efficiency of national human capital stocks |
| title_fullStr | The human capital rationale behind the economic growth of the European Union countries: application of the advanced methods to enhance an efficiency of national human capital stocks |
| title_full_unstemmed | The human capital rationale behind the economic growth of the European Union countries: application of the advanced methods to enhance an efficiency of national human capital stocks |
| title_short | The human capital rationale behind the economic growth of the European Union countries: application of the advanced methods to enhance an efficiency of national human capital stocks |
| title_sort | human capital rationale behind the economic growth of the european union countries application of the advanced methods to enhance an efficiency of national human capital stocks |
| topic | human capital life expectancy education economic growth European Union |
| url | http://journals.rudn.ru/economics/article/viewFile/21299/17028 |
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