HUMAN CAPITAL AND ITS ROLE IN ECONOMIC DEVELOPMENT

HUMAN CAPITAL AND ITS ROLE IN ECONOMIC DEVELOPMENT

Authors

  • Shaymanov Javlonbek Bakhtiyorovich Navoi Innovation University
  • Kuvondiqov Bakhrom Burkhon ugli Navoi Innovation University

Keywords:

human capital, economic development, education investment, labor market, economic growth

Abstract

This article examines the relationship between human capital and economic development. The aim is to assess the impact of human capital investments on economic growth. The topic is highly relevant for developing economies. The study applies a comparative and empirical approach. Panel data and statistical methods are used. Results show a positive effect of human capital on growth. In Uzbekistan, this effect remains limited. The need to improve investment efficiency is concluded.

References

1. Becker, G. S. Human Capital. University of Chicago Press, 1964.

2. Schultz, T. W. Investment in Human Capital. Free Press, 1971.

3. Lucas, R. E. “On the Mechanics of Economic Development.” Journal of Monetary Economics, 1988.

4. Romer, P. M. “Endogenous Technological Change.” Journal of Political Economy, 1990.

5. World Bank. World Development Indicators. 2024.

6. UNDP. Human Development Report. 2023.

7. International Labour Organization. ILOSTAT Database. 2024.

8. Our World in Data. Human Capital Index. 2025.

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Published

2025-12-30

How to Cite

Shaymanov Javlonbek Bakhtiyorovich, & Kuvondiqov Bakhrom Burkhon ugli. (2025). HUMAN CAPITAL AND ITS ROLE IN ECONOMIC DEVELOPMENT. Labor Economics and Human Capital, 4(4), 83–91. Retrieved from https://laboreconomics.uz/index.php/lehc/article/view/157

Issue

Vol. 4 No. 4 (2025): Scientific electronic journal "Labor Economics and Human Capital"

Section

Human Capital

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

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