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Human capital as a determinant of economic growth
 Kubík, Rudolf ; Urbánek, Václav (advisor) ; Izák, Vratislav (referee) ; Vomáčková, Helena (referee)
Research of the relationship between human capital and economic growth has been significantly developing since 1960s'. This thesis aims to contribute to the topic of human capital, map its importance in the theoretical and empirical economics and examine the influence on macroeconomic growth. In most of the countries human capital and education are budgeted mainly from the public resources thus is the human capital theory important for the public sector as well. First part of the thesis presents the main growth models and its evolution concerning also the human capital. In the second part there is a summary of the most important empirical literature. In the third part I present and comment the results of the empirical analyses. The benchmark data panel covers 92 countries within years 1960-2005. The method of analyses is panel data regression. The primary finding of the thesis is confirmation of the positive influence that human capital has on the economic growth. Third part also tests the most adequate proxy of the human capital. The quality of the human capital as well as the link between quantity and quality are also reflected in the regression analyses.
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