Abstract
In this theoretical paper the key role of human capital for a sustainable economic development is introduced into a simplified version of the green Solow model. The main result of this integration is the derivation of a kind of environmental Kuznets curve.
Highlights
Investments in human capital are recognised as a key factor of sustainable economic development
The present paper offers a theoretical contribution and introduces human capital in a simplified version of the green Solow model (Brook and Taylor, 2004)
Jsd.ccsenet. org Subsequently, if human capital continues to increase and reaches a high level in the economy, the positive externalities related to the environmental technological progress greatly increase and, the main benefits of a greater human capital concern economic sustainability and environmental respect
Summary
Investments in human capital are recognised as a key factor of sustainable economic development (see the very recent papers by World Bank, 2019, and Buevich et al, 2020). Empirical evidences from the EU states (Diaconu and Popescu, 2016) show the existence of a strong positive correlation among Human Sustainable Development Index (HSDI), United Nations’ Human Development Index (HDI) and Human Capital Index (HCI). In this vein, the present paper offers a theoretical contribution and introduces human capital in a simplified version of the green Solow model (Brook and Taylor, 2004).
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