THE IMPACT OF HUMAN CAPITAL ON INNOVATION AND ECONOMIC GROWTH IN ROMANIA

Elena Pelinescu

Internal Auditing & Risk Management, 2017, vol. 46, issue 2, 44-50

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 (search for similar items in EconPapers)
JEL-codes: C1 O1 O3 O4 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://univath.ro/uploads/journal/1114_aimr_46_44_50.pdf (application/pdf)
https://univath.ro/uploads/journal/1114_aimr_46_44_50.pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ath:journl:v:46:y:2017:i:2:p:44-50

Access Statistics for this article

Internal Auditing & Risk Management is currently edited by Adrian Nicolau

More articles in Internal Auditing & Risk Management from Athenaeum University of Bucharest
Bibliographic data for series maintained by Adrian Nicolau ().