The role of human capital in the digital transformation economy
This paper aims to study the role of human capital accumulation in the growth of the digital transformation economy by investigating the interplay between human capital formation and the effects of tax policies from government spending on human beings. The research methodology is based on endogenou...
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| Định dạng: | Journal article |
| Ngôn ngữ: | English |
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TNU Journal of Science and Technology
2024
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| Truy cập trực tuyến: | https://scholar.dlu.edu.vn/handle/123456789/3478 |
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| Thư viện lưu trữ: | Thư viện Trường Đại học Đà Lạt |
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oai:scholar.dlu.edu.vn:123456789-34782024-05-23T06:48:32Z The role of human capital in the digital transformation economy Trần, Nhật Thiện Human capital Endogenous growth Economic growth Digital transformation Digital economy This paper aims to study the role of human capital accumulation in the growth of the digital transformation economy by investigating the interplay between human capital formation and the effects of tax policies from government spending on human beings. The research methodology is based on endogenous growth theory with an overlapping generation model and homogeneous economic agents. The main finding is that public investment in enhancing the efficiency of workers results in the economic growth of the digital transformation economy. Another is that two effects of taxation are noteworthy: (i) taxes reduce households' income, lowering their investment in physical capital, which hurts output; (ii) taxation raises the public spending on human capital, thus enhancing the efficiency of labor capacity, consequently, increasing economic growth in digital transformation economy. The study's conclusion is that the long-run growth rate is fueled by the investment in human capital, and the government may levy taxes on labor income and capital returns to finance this public investment. 229 03/1 135 - 141 2024-05-19T16:13:40Z 2024-05-19T16:13:40Z 2024-01-18 Journal article Bài báo đăng trên tạp chí trong nước (có ISSN), bao gồm book chapter https://scholar.dlu.edu.vn/handle/123456789/3478 10.34238/tnu-jst.9172 en TNU Journal of Science and Technology 1859-2171, 2374-9098 TNU Journal of Science and Technology TNU Journal of Science and Technology |
| institution |
Thư viện Trường Đại học Đà Lạt |
| collection |
Thư viện số |
| language |
English |
| topic |
Human capital Endogenous growth Economic growth Digital transformation Digital economy |
| spellingShingle |
Human capital Endogenous growth Economic growth Digital transformation Digital economy Trần, Nhật Thiện The role of human capital in the digital transformation economy |
| description |
This paper aims to study the role of human capital accumulation in the growth of the digital transformation economy by investigating the interplay between human capital formation and the effects of tax policies from government spending on human beings. The research methodology is based on endogenous growth theory with an overlapping generation model and homogeneous economic agents. The main finding is that public investment in enhancing the efficiency of workers results in the economic growth of the digital transformation economy. Another is that two effects of taxation are noteworthy: (i) taxes reduce households' income, lowering their investment in physical capital, which hurts output; (ii) taxation raises the public spending on human capital, thus enhancing the efficiency of labor capacity, consequently, increasing economic growth in digital transformation economy. The study's conclusion is that the long-run growth rate is fueled by the investment in human capital, and the government may levy taxes on labor income and capital returns to finance this public investment. |
| format |
Journal article |
| author |
Trần, Nhật Thiện |
| author_facet |
Trần, Nhật Thiện |
| author_sort |
Trần, Nhật Thiện |
| title |
The role of human capital in the digital transformation economy |
| title_short |
The role of human capital in the digital transformation economy |
| title_full |
The role of human capital in the digital transformation economy |
| title_fullStr |
The role of human capital in the digital transformation economy |
| title_full_unstemmed |
The role of human capital in the digital transformation economy |
| title_sort |
role of human capital in the digital transformation economy |
| publisher |
TNU Journal of Science and Technology |
| publishDate |
2024 |
| url |
https://scholar.dlu.edu.vn/handle/123456789/3478 |
| _version_ |
1800387972605935616 |