Human capital and it's measurement approaches

dc.contributor.authorTotladze, Lia
dc.contributor.authorKhuskivadze, Mamuka
dc.description1. თოთლაძე ლ., ხუსკივაძე მ. ადამიანისეული კაპიტალის როლი ინკლუზიური მწვანე ზრდის უზრუნველყოფაში. საერთაშორისო სამეცნიერო კონფერენცია: „მწვანე ეკონომიკის“ ფორმირების თანამედროვე პრობლემები. თბილისი, 2019; 2. Advancing Green Human Capital. A FRAMEWORK FOR POLICY ANALYSIS AND GUIDANCE. ILO, 2017. 3. Barro, R. J. (1991). Economic Growth in a Cross Section of Countries. The Quarterly Journal of Economics, 106(2), 407-419. 4. Gang Liu and Barbara M. Fraumeni. Human capital measurement: country experiences and international initiatives. Cambridge University Press. Available at: 5. Ehrlich I., Dunli Li, Zhiqiang Lui. (2017). The Role of Entrepreneurial Human Capital as a Driver of Endogenous Economic Growth. Journal of Human Capital, vol 11(3), p. 310-351. 6. Ivo Šlaus and Garry Jacobs. Human Capital and Sustainability. „Sustainability” 2011, #3, 97-154; doi:10.3390/su3010097. 7. Inclusive Wealth Report 2018. Measuring Progress Towards Sustainability. Taylor and Francis Group. New York, 2018. 8. Mankiw, N. G., Romer, D., & Weil, D. R. (1992). A contribution to the empirics of economic growth. Quarterly Journal of Economics, 107, 407–438. 9. Mincer, J. J. (1997). The Production of Human Capital and the Life Cycle of Earnings: Variations on a Theme. Journal of Labor Economics, 15 (1), S26-S47. 10. Mincer J, 1995, Economic Development, Growth of Human Capital, and the Dynamics of the Wage Structure, 1994-95 Discussion Paper Series No. 744, (September), Columbia University, p.38. 11. Romer, P. M. (1990). Human capital and growth: theory and evidence. National Bureau of Economic Research Working Paper No. 3173. 12. www. Worldbank.orgen_US
dc.description.abstractHuman capital is one of the fundamental factor for sustainable and inclusive growth. In this paper highlighted that without human capital it is impossible to achieve sustainable economic growth, as well as the formation of qualified workers controllers and maintain competitiveness on the world economic arena. Therefore measurement of human capital is undisputed. This study aims at providing a theoretical concept of human capital and its measurement that have been continually developed and empirically testing for decades. The paper discusses about human capital measuring methodologies. There are three general approaches to human capital measurement; The article deals with the essence of the human capital index as the new measure of human capital. Human capital index is developed by the World Bank and focuses on the productivity of next generation.en_US
dc.identifier.citationThe 4th International Scientific Conference: "Challenges of Globalization in Economics and Business", Tbilisi, 2019, pp. 151-156
dc.publisherIvane Javakhishvili Tbilisi State University Pressen_US
dc.subjectHuman Capital, Human Capital Index, Economic Growthen_US
dc.titleHuman capital and it's measurement approachesen_US
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