Impact of Human Capital on GNP Level

• Authors: Željko Požega , Boris Crnković
• Languages of publication: EN

Abstracts

EN

It is possible to achieve faster rates of social growth, greater developement, a better standard of living and narrow the gap between rich and poor countries by changing a government's economic policies so that they emphasize investments in the developement of human potential. An increase in motivation, knowledge, levels of education and team organization, as well as a strengthening of citizens' moral, intellectual and social potential will, as the results of investigations quoted in this article show, bring faster growth of the Gross National Product (GNP). There is still a paradigm prevailing in south-eastern European countries to invest more in physical capital than in human capital. This paradigm is the reason that these countries continue to fall behind the most developed countries in the world.

Keywords

EN

Human capital; Gross National Product; Human Developement Index; physical capital; economic developement; education; intelligence

• Publisher: Sciendo
• Journal: South East European Journal of Economics and Business
• Year: 2008
• Volume: 3
• Issue: 1
• Pages: 15-21

Dates

published

2008-04-01

online

2008-04-14

Contributors

author

Željko Požega

• Faculty of Economics, Osijek, Croatia

author

Boris Crnković

• Faculty of Economics, Osijek, Croatia

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Identifiers

DOI

10.2478/v10033-008-0002-z