How Does Human Capital Affect on Growth in Different Economies?

Abstract

Problem statement:The main objective of this study was to investigate how human capital can affect growth in different economies. Approach: For this purpose, we investigated the model, which the growth rate of total factor productivity depends on human capital stock level using a cross-country panel approach for 104 countries in five-year intervals during the 1980-2005. Results: The finding of this study showed that human capital through its effect on the speed of technology adoption from abroad has positive effect and significantly on growth in total samples of countries while human capital directly in developed countries enter negatively inverse developing countries. Conclusion: Moreover human capital affects growth in different ways it has more effects on per capital growth through technology/catch-up component than domestic innovation component. Moreover human capital of different ways has different effects on growth but in total it has positive effect on economic growth.

The Dependence of Opportunistic Behavior from Economic Growth

“…Also, no wonder often the decrease of the total income is stimulant for firms to improve their technical and economic efficiency through innovations (Anastassiou and Dritsaki, 2005) which represent a clear economic advantage but due to the additional investments and possible conflicts (which, for example, relate to personnel reductions as a result of technical innovations). So, the higher is the income, the less the degree of escalation of the conflict is necessary to resolve disputes, because the quality of life influences on economic behavior and economic indicators (Garifova and Kundakchyan, 2014;Safdari et al, 2010). Thus, the costs of opportunistic behavior are growing in the period of economic slowdown.…”

Economic Analysis of Process Innovations in the Management of Olive Farms

“…after imparting a process innovation) represents a clear economic advantage for the olive farm herein examined, with respect to its competitors. So, process innovations, in addition to increase farm profitability, play a key role for territorial development (Tudisca et al, 2014d;Safdari et al, 2010). In fact, innovative farm is able to originate job opportunities for the people of territory in which farm is localized.…”