Education and its effect on human capital formation, growth and countries’ economic development

The effect of education on human capital formation and economic development of the countries, has been analyzed through theoretical and empirical studies. Classical and neoclassical theories of authors such as Smith and Solow respectively, the human capital theory by Danison, Schultz and Becker, and...

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Main Author: Mosquera, Andrea Briceño
Format: Online
Language:spa
Published: Universidad Pedagógica y Tecnológica de Colombia 2011
Subjects:
Online Access:https://revistas.uptc.edu.co/index.php/cenes/article/view/33
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author Mosquera, Andrea Briceño
author_facet Mosquera, Andrea Briceño
author_sort Mosquera, Andrea Briceño
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description The effect of education on human capital formation and economic development of the countries, has been analyzed through theoretical and empirical studies. Classical and neoclassical theories of authors such as Smith and Solow respectively, the human capital theory by Danison, Schultz and Becker, and the theory of Sen’s development among others, had analyzed the effect of education on growth and economic and social development of the countries, showing that education is one of the determinants in increased productivity, which is projected in the generation of new technologies, processes and products, but probabily, it´smost significant effect are the private and social benefits, which includes, in terms of income generation, labor market integration, poverty reduction, ownership of cultural property and generally in the individual and social development.Human capital formation takes greater force in a globalized world characterized by constant economic, financial, technological, social and cultural changes, among others.
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spelling oai:oai.revistas.uptc.edu.co:article-332022-06-17T21:32:26Z Education and its effect on human capital formation, growth and countries’ economic development La educación y su efecto en la formación de capiltal humano y en el desarrollo económico de los países Mosquera, Andrea Briceño Education human capital economic development Educación capital humano desarrollo económico The effect of education on human capital formation and economic development of the countries, has been analyzed through theoretical and empirical studies. Classical and neoclassical theories of authors such as Smith and Solow respectively, the human capital theory by Danison, Schultz and Becker, and the theory of Sen’s development among others, had analyzed the effect of education on growth and economic and social development of the countries, showing that education is one of the determinants in increased productivity, which is projected in the generation of new technologies, processes and products, but probabily, it´smost significant effect are the private and social benefits, which includes, in terms of income generation, labor market integration, poverty reduction, ownership of cultural property and generally in the individual and social development.Human capital formation takes greater force in a globalized world characterized by constant economic, financial, technological, social and cultural changes, among others. El efecto de la educación en la formación de capital humano y en el desarrollo económico de los países, ha sido analizado en diversos estudios teóricos y empíricos. Los enfoques clásico de Smith y neoclásico de Solow, la teoría de capital humano planteada por Danison, Schultz y Becker, y el enfoque de desarrollo y libertadde Sen entre otros, hananalizado dicho efecto, evidenciando que la educación es uno de los factores determinantes de una mayor productividad, la cual se ve reflejada en la generación de nuevas tecnologías, procesos y productos, pero quizá su más significativo impacto se nota en los beneficios tanto privados como sociales que comprende, en términos de generación de ingresos, inserción enelmercado laboral, reducción de la pobreza, apropiación de los bienes culturales, y en general en el desarrollo de capacidades individuales y sociales. La formación de capital humano cobramayor fuerza en un mundo globalizado caracterizado por constantes transformaciones económicas, tecnológicas, sociales y culturales, entre otras.  Universidad Pedagógica y Tecnológica de Colombia 2011-06-27 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer reviewed Article application/pdf https://revistas.uptc.edu.co/index.php/cenes/article/view/33 Apuntes del Cenes; Volumen 30 N° 51: enero - junio de 2011; 45-49 Apuntes del Cenes; Volumen 30 N° 51: enero - junio de 2011; 45-49 2256-5779 0120-3053 spa https://revistas.uptc.edu.co/index.php/cenes/article/view/33/34 Copyright (c) 2011 Andrea Briceño Mosquera http://creativecommons.org/licenses/by-nc-sa/4.0
spellingShingle Education
human capital
economic development
Educación
capital humano
desarrollo económico
Mosquera, Andrea Briceño
Education and its effect on human capital formation, growth and countries’ economic development
title Education and its effect on human capital formation, growth and countries’ economic development
title_alt La educación y su efecto en la formación de capiltal humano y en el desarrollo económico de los países
title_full Education and its effect on human capital formation, growth and countries’ economic development
title_fullStr Education and its effect on human capital formation, growth and countries’ economic development
title_full_unstemmed Education and its effect on human capital formation, growth and countries’ economic development
title_short Education and its effect on human capital formation, growth and countries’ economic development
title_sort education and its effect on human capital formation growth and countries economic development
topic Education
human capital
economic development
Educación
capital humano
desarrollo económico
topic_facet Education
human capital
economic development
Educación
capital humano
desarrollo económico
url https://revistas.uptc.edu.co/index.php/cenes/article/view/33
work_keys_str_mv AT mosqueraandreabriceno educationanditseffectonhumancapitalformationgrowthandcountrieseconomicdevelopment
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