HUMAN CAPITAL, INNOVATION, AND ECONOMIC GROWTH: AN ENDOGENOUS PERSPECTIVE
DOI:
https://doi.org/10.5281/zenodo.19995292Abstract
This thesis is devoted to the theoretical and analytical study of the role of human capital in the economy and its impact on economic growth. The relevance of the research is обусловлено the increasing importance of knowledge-based development in modern economic systems. The main objective of the study is to reveal the economic essence of human capital and to substantiate its role in economic growth and innovative development.
The research employs a systematic approach, methods of economic analysis, and modern theoretical frameworks to examine the formation factors of human capital and its functional role in the economic system. In addition, the impact of human capital on labor productivity, investment environment, and innovation processes is analyzed in depth.
The results of the study indicate that human capital serves as a key driver of economic growth, contributing to increased production efficiency, acceleration of technological progress, and enhancement of economic competitiveness. It is concluded that expanding investments in human capital is a fundamental condition for ensuring sustainable economic development.
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