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The Importance Of The Human Factor In The Growth And Economic Development

Author

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  • Mihaela Lupanceanu Sas

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

The links between the development of human potential and its various structures on one hand, and economic growth and development, on the other hand, represent a concern of exceptional importance for contemporary economic theory. Concerning the demo-economic relations, the population occupies a double position: it represents a main production factor contributing to economic growth, but also a virtual receiver of the output of economic activities. On one hand, economic growth affects the sectors and socio-professional groups, geographical and occupational mobility of the workforce , the content , quality, duration and labor difficulties . On the other hand, the working population can exert a favorable influence on economic growth, thanks to increases of labor productivity, either lower or higher, through the quality of workers activities and public openings for professional and territorial mobility.

Suggested Citation

  • Mihaela Lupanceanu Sas, 2014. "The Importance Of The Human Factor In The Growth And Economic Development," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(42), pages 63-68.
    • Handle: RePEc:aio:aucsse:v:2:y:2014:i:42:p:63-68
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    File URL: http://feaa.ucv.ro/AUCSSE/0042v2-009.pdf
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    References listed on IDEAS

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    5. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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    More about this item

    Keywords

    growth; development; human capital; labor force; population; resources; labor; education;
    All these keywords.

    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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