University of Hertfordshire

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Beşeri Sermayenin Karşılaştırmalı Analizi

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Translated title of the contributionComparative Analysis of Human Capital
Original languageOther
Pages (from-to)p. 51-63
JournalJournal of Accounting and Finance, Association of Accounting and Finance Academicians (AAFA) Publications
Publication statusPublished - Jan 2006


Human capital was formed with Lucas (1988), Mankiw, Romer and Weil(1992), Jones(1995), and Romer (1986, 1990)’s studies. In these studies, education and knowledge indicators were prior to determine human capital and “useable human capital stock” was not taken into consideration. Although Romer (1986) stated that knowledge is the main source of growth and productivity, he did not give any information on how knowledge can be attached importance in disorganized markets or developing economies. The objective of this paper is to examine “useable human capital stock”, and, introduce how “useable human capital stock” can be maximized in developing countries. The empirical and theoretical analysis shows that human capital not only depends on education and knowledge but also the structure of population, human development, gender equality, the structure of employment, and the possibility of reaching knowledge, R&D, the level of science, the institutions and human resources management.

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