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    STUDIA OECONOMICA - Issue no. 1 / 2010  
         
  Article:   THE IMPACT OF HUMAN CAPITAL DEVELOPMENT ON ECONOMIC GROWTH.

Authors:  PIETER BUYS, PIETER BOSMAN. 		 
       
         
  Abstract:  Creating a socially and environmentally sustainable future, requires governments and private business to re-think their resource utilization strategies. The question could be asked whether an investment in human capital development could contribute to sustainable economic growth. In order to test this possibility, a study on the concepts of sustainable development, emphasising the interrelationship between human development and economic was conducted, which considered 45 countries’ GDPs and its corresponding HDI. Based on the analysis, it was found that there is a positive relationship between a country’s HDI and its overall prosperity as indicated by its GDP.

JEL Classification: M10, M14, M41


Keywords: human development, economic growth, organisational sustainability.
  
         
     
         
         
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