Population Growth and Development Education as Factors of Economic Growth

Authors

  • Armine Aghajanyan Department of Economic Theory and the Issues of Transition Period Economies, Institute of Economics and Business, Russian-Armenian University

DOI:

https://doi.org/10.14666/2194-7759-5-2-010

Keywords:

Economic growth factors, Population

Abstract

Human capital includes the accumulated investment in such areas as education, training, migration. The knowledge and skills that the worker has and who acquired them through education and training, including the skill obtained with experience constitute a certain stock of productive capital. The monetary value of the capital stock is defined as the discounted stream of future income from its use during a person’s life, that is dependent on the wage rates at which human capital can “rent” employers in the labor market, interest rates and the expected duration of employment. Job migration and extend the value of human capital specific people by increasing its price (wages, paid per unit of time for the use of entrepreneurs the knowledge and skills of the employee).

Published

2016-12-05

Issue

Section

Articles