Intellectual capital – source of economic recovery

Cosmin-Ionuţ Imbrişcă, Luciana Nagel-Picioruş and Claus Nagel-Picioruş
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Cosmin-Ionuţ Imbrişcă: Bucharest University of Economic Studies, Romania
Luciana Nagel-Picioruş: Bucharest University of Economic Studies, Romania
Claus Nagel-Picioruş: Bucharest University of Economic Studies, Romania

Theoretical and Applied Economics, 2015, vol. XXII, issue Special(I), 39-48

Abstract: The critical moments which came along with the deep financial crisis reshaped not only the economic but also the social perspective and their main coordinates. However, the initial shock has subsided now to the challenge that remained: solving the outstanding issues of the past. In this paper are analyzed the reactions that various countries have had when the market collapsed, the aim being to identify the factors that had a significant impact on the economy. The econometric analysis performed takes into account the objectives to be met in order to record sustainable growth. These results indicate that those countries that have chosen to invest in human capital and intellectual showed an increased resistance to the crisis and were able to recover more quickly and with fewer negative consequences.

Keywords: intellectual capital; human capital; economic crisis; economic crisis; sustainable development. (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxii:y:2015:i:special(i):p:39-48

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