2009•Journal of Hebei UniversityRequires access

Defining Human Capital Property Rights and Its Economic Significance

Zhigang Liu

Abstract

The capital,which combines human and capital,provides the standard to define capital property rights.The capital property right includes the ownership rights and the income rights.Admitting ownership rights as well as the transaction of income rights is the foundation to define the property rights of capital.So accurately defining capital property rights could not only increase capital efficiency but also optimize allocation.

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Key concepts: Property rights, Capital (architecture), Physical capital, Financial capital, Economic capital, Business, Capital intensity, Means of production