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

Human Capital

HUMAN CAPITAL AND ITS ROLE IN ECONOMIC DEVELOPMENT

DOI 10.55439/lehc/vol4iss4/a216 Google Scholar Google Scholar Pages 83-91

Published 2025-12-30

Authors
Shaymanov Javlonbek Bakhtiyorovich a , Kuvondiqov Bakhrom Burkhon ugli b
Affiliations
a Navoi Innovation University
b Navoi Innovation University
PDF (Uzbek)

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.

Keywords

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References

  1. 1. Becker, G. S. Human Capital. University of Chicago Press, 1964.
  2. 2. Schultz, T. W. Investment in Human Capital. Free Press, 1971.
  3. 3. Lucas, R. E. “On the Mechanics of Economic Development.” Journal of Monetary Economics, 1988.
  4. 4. Romer, P. M. “Endogenous Technological Change.” Journal of Political Economy, 1990.
  5. 5. World Bank. World Development Indicators. 2024.
  6. 6. UNDP. Human Development Report. 2023.
  7. 7. International Labour Organization. ILOSTAT Database. 2024.
  8. 8. Our World in Data. Human Capital Index. 2025.

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