Does the efficiency of public investment in human capital affect the country’s economic development?

• Authors: Kozuń-Cieślak Grażyna

Title variants

Czy efektywność inwestycji publicznych w kapitał ludzki wpływa na rozwój gospodarczy kraju?

• Languages of publication: EN

Abstracts

EN

Modern theories of economic growth emphasize the meaning of the investment in human capital as the most profitable. Although the positive relationship between public investment in human capital and the country’s economic development is commonly accepted, the answer to the question of whether the efficiency of this investment is crucial for welfare, is no longer so obvious. The aim of this study is to recognize the relationship between the technical efficiency of public spending on human capital and the economic development in the sample of 28 EU states. For this purpose DEA method was applied to evaluate the efficiency of public expenditure on healthcare and education in order to build human capital. Then, DEA scores were correlated with countries’ economic development indicators expressed by GDP per capita. The study proves that the commonly accepted dependency between the potential of human capital and countries’ welfare is not reflected in the correlation between countries’ GDP per capita and the DEA efficiency of public investment in human capital.

PL

Współczesne teorie wzrostu gospodarczego podkreślają znaczenie inwestycji w kapitał ludzki jako najbardziej opłacalnych. Chociaż pozytywny związek między inwestycjami publicznymi w kapitał ludzki a rozwojem gospodarczym kraju jest powszechnie akceptowany, to odpowiedź na pytanie, czy efektywność tych inwestycji jest kluczowa dla dobrobytu, nie jest już tak oczywista. Celem pracy jest poznanie zależności między efektywnością techniczną wydatków publicznych na kapitał ludzki a rozwojem gospodarczym na próbie 28 krajów UE. Zastosowano metodę DEA do oceny efektywności wydatków publicznych na ochronę zdrowia i edukację w celu budowy kapitału ludzkiego. Następnie wyniki DEA skorelowano ze wskaźnikami rozwoju gospodarczego krajów wyrażonymi jako PKB na mieszkańca. Badanie dowodzi, że powszechnie akceptowana zależność między potencjałem kapitału ludzkiego a dobrobytem krajów nie znajduje odzwierciedlenia w korelacji między PKB na mieszkańca a DEA – efektywnością inwestycji publicznych w kapitał ludzki.

Keywords

EN

human capital; efficiency; DEA; economic development

PL

kapitał ludzki; efektywność; DEA; rozwój gospodarczy

• Publisher: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
• Journal: Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu
• Year: 2020
• Issue: vol. 64, nr 10
• Pages: 43-54

Contributors

author

Kozuń-Cieślak Grażyna

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