THE IMPACT OF HUMAN CAPITAL ON INNOVATION AND ECONOMIC GROWTH IN ROMANIA
Published: 2017-01-01
Volume: No 46 - June 2017
Pages: 44|50
Authors
- Senior Researcher
- Economic Forecasting
Abstract
The goal of the Europe 2020 strategy: smart, sustainable and inclusive growth would be achieved by using human capital and its abilities to innovate, to diffuse knowledge in manufacturing services, to develop creative industries and by making a great effort to create a research-intensive economy. The present paper highlights the impact of human capital on innovation and economic growth based on an econometric model. In our paper using annual data during 2000-2015, from UNESCO and Eurostat we prove a positive influence of human capital (expressed as gross enrolment in secondary school and the average personnel costs per employee in the Knowledge-intensive high-technology services) and innovation (expressed by patent application) on economic growth and productivity.
Keywords: human capital, innovation, economic growth, econometric methods
Cite this article
APA: Senior Researcher, Economic Forecasting (2017). THE IMPACT OF HUMAN CAPITAL ON INNOVATION AND ECONOMIC GROWTH IN ROMANIA. Internal Auditing & Risk Management, Vol. 46, No. 46, pp. 44-50.
BibTeX:
@article{seniorresearcher2017227,
title = {THE IMPACT OF HUMAN CAPITAL ON INNOVATION AND ECONOMIC GROWTH IN ROMANIA},
author = {Senior Researcher and Economic Forecasting},
journal = {Internal Auditing & Risk Management},
year = {2017},
volume = {46},
pages = {44----50},
doi = {}
}