Analýza vlivu lidského kapitálu na ekonomický růst zemí EU

Abstract

This thesis examines the influence of human capital on economic growth in the European Union. The aim is to verify the hypothesis about the positive impact of human capital on economic growth in the EU in the period 2001-2011 . The work uses several methods. Methods used in econometric modeling regression analysis, which is implemented by the least squares method . Other methods are the deductive- theoretical , descriptive , comparative and correlation analysis . Correlation analysis identifies possible interdependence between selected indicators of human capital and economic level of the EU , expressed by GDP per capita. Among the proportion of people with lifelong learning in population and economic levels is a direct linear relationship . Pearson correlation coefficient is 55.5 % and is the central direct linear relationship . The results of econometric modeling , it was found that human capital contributes to economic growth. The increase in population with upper secondary or tertiary education in% by 1 % will lead to the growth of GDP per capita by 0.14 % ceteris paribus conditions . The increase in gross fixed capital formation by 1 % will reduce per capita GDP by 0.01 % ceteris paribus conditions . Result econometric modeling does not confirm the positive impact of capital stock on economic growth. This may be caused by unsuitable indicator of the stock of physical capital , as gross fixed capital formation may not reflect actual stock of physical capital in the country . Another reason may be monitored very short period of time or unavailability of other data indicators.