Abstract
Human capital theory, as many readers know, extends the economics concept of and theory on “capital” to the analysis of “human resources”. Exploring why the output growth outpaces the factor input growth in economic growth, some pioneers in economics discover that health, education, training, and more effective economic accounting capabilities have become an increasingly important source for modern income growth. With the generalization of this understanding, human capital economists look at human health, physical strength, production knowledge and skills as a kind of capital stock, which serves as a source for current and future output and income growth.
This paper was written in September 1996.
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Zhou, Q. (2020). Property Rights of Human Capital. In: Property Rights and Changes in China. Springer, Singapore. https://doi.org/10.1007/978-981-15-9885-2_2
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DOI: https://doi.org/10.1007/978-981-15-9885-2_2
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