Human capital key to sustainable economies, outshining physical capital.
The study looked at how human and physical capital affect economies at different stages of development. They used data from 143 countries from 1990 to 2014 and found that human capital has a bigger impact on economic growth than physical capital. Green GDP, which considers energy use and pollution, is more influenced by human capital than traditional GDP. As countries develop, they rely less on physical capital but human capital remains crucial for sustainable economies.