The Importance Of Human Capital For The Economic Development Of EU Regions

Open access

Abstract

The EU designs its cohesion policy with the primary purpose of reducing disparities in regional development. The success of the policy is largely determined by the identification of factors that contribute to such disparities. One of the key determinants of economic success is human capital. This article examines the relationship between the quality of human capital and economic development of EU’s regions. Using spatial analysis methods, the spatial dependencies between the growth of human capital and GDP per capita are investigated.

According to the research results, the highest levels of human capital are typical of the most affluent regions in Western Europe, while its lowest levels are found in the poorest countries that became EU members only recently and in countries in southern Europe, including Greece. The spatial correlation measures confirm that spatial relationships have effect on the regional resources of human capital, showing that regions rich in human capital border on regions that are similar to them in that respect. The results of the spatial growth regression indicate that the amount of human capital in the region has a significant and positive effect on its GDP per capita.

If the inline PDF is not rendering correctly, you can download the PDF file here.

  • Aghion P. Howitt P. (1992) A model of growth through creative destruction Econometrica No. 60.

  • Becker G.S. (1964) Human Capital Columbia University Press for the National Bureau of Economic Research New York.

  • De la Fuente A. (2002) On the sources of convergence: A close look at the Spanish regions European Economic Review European Economic Review Vol. 46.

  • Dańska-Borsiak B. Laskowska I. (2014) Selected Intangible Factors Of Regional Development: An Analysis Of Spatial Relationships Comparative Economic Research Wydawnictwo Uniwersytetu Łódzkiego Vol. 17 (4).

  • Di Liberto A. (2008) Education and Italian regional development Economics of Education Review Elsevier Vol. 27(1).

  • Ederer P. Schuler P. Willms S. (2007) The European Human Capital Index: The Challenge of Central and Eastern Europe The Lisbon Council.

  • Florczak W. (2006) Miary kapitału ludzkiego w badaniach ekonomicznych i społecznych Wiadomości Statystyczne No. 12.

  • Florczak W. (2007) Kapitał ludzki a rozwój gospodarczy[in:] W. Welfe (ed.) Gospodarka oparta na wiedzy PWE Warszawa 2007.

  • Golejewska A. (2012) Kapitał ludzki innowacje i instytucje a konkurencyjność regionów Europy Środkowej i Wschodniej Centrum Europejskie Natolin Warszawa.

  • GUS (2012) Kapitał ludzki w Polsce w 2010 r. Warszawa.

  • Lucas R.E. (1988) On the Mechanics of Economic Development Journal of Monetary Economics No. 22.

  • Mankiw N.G. Romer D. Weil D.N. (1992) A contribution to the empirics of economic growth ʻQuarterly Journal of Economicsʼ Vol. 107(2).

  • Miciuła I. Miciuła K. (2015) Metody pomiaru wartości kapitału ludzkiego Współczesne Problemy Ekonomiczne nr 11 Zeszyty Naukowe nr 858 Uniwersytet Szczeciński.

Search
Journal information
Impact Factor


CiteScore 2018: 0.46

SCImago Journal Rank (SJR) 2018: 0.241
Source Normalized Impact per Paper (SNIP) 2018: 0.366

Cited By
Metrics
All Time Past Year Past 30 Days
Abstract Views 0 0 0
Full Text Views 608 459 7
PDF Downloads 347 287 3