THE IMPORTANCE OF THE HUMAN FACTOR IN THE GROWTH AND ECONOMIC DEVELOPMENT

Mihaela Lupanceanu Sas
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Mihaela Lupanceanu Sas: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2014, vol. 2, issue 42, 63-68

Abstract: The links between the development of human potential and its various structures on one hand, and economic growth and development, on the other hand, represent a concern of exceptional importance for contemporary economic theory. Concerning the demo-economic relations, the population occupies a double position: it represents a main production factor contributing to economic growth, but also a virtual receiver of the output of economic activities. On one hand, economic growth affects the sectors and socio-professional groups, geographical and occupational mobility of the workforce , the content , quality, duration and labor difficulties . On the other hand, the working population can exert a favorable influence on economic growth, thanks to increases of labor productivity, either lower or higher, through the quality of workers activities and public openings for professional and territorial mobility.

Keywords: growth; development; human capital; labor force; population; resources; labor; education (search for similar items in EconPapers)
JEL-codes: O10 O15 (search for similar items in EconPapers)
Date: 2014
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