ROLE OF HUMAN CAPITAL FORMATION IN ECONOMIC DEVELOPMENT

The paper highlights the role of education in the growth of economic competitiveness and efficiency of human capital, in accordance with the quality of education and investments in human resources, in order to enhance labour productiveness. The paper starts by a brief analysis of Romania’s educa...

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Main Author: TĂNASE DIANA
Format: Article
Language:English
Published: Academica Brâncuşi 2013-12-01
Series:Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie
Subjects:
Online Access:http://www.utgjiu.ro/revista/ec/pdf/2013-06/34_Tanase.pdf
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author TĂNASE DIANA
author_facet TĂNASE DIANA
author_sort TĂNASE DIANA
collection DOAJ
description The paper highlights the role of education in the growth of economic competitiveness and efficiency of human capital, in accordance with the quality of education and investments in human resources, in order to enhance labour productiveness. The paper starts by a brief analysis of Romania’s educational system, by comparison with the EU countries, analysing the number of high school students / college students per teacher, the percentage of education expenditure in the GDP, the correlation between the labour force’s training level and insertion into the labour market. The paper also presents the EU countries’ ranking related to higher education and professional training, pointing out the importance of lifelong professional training at the place of work. The paper draws conclusions regarding the importance of the labour force training, as the operation of a modern economy requires the existence of a well-trained labour force, education representing one of the fundamental pillars of any society’s development.
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spelling doaj.art-2d90b51602574443b554c32dbf7f4b1c2022-12-22T03:10:29ZengAcademica BrâncuşiAnalele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie1844-70071844-70072013-12-0166206212ROLE OF HUMAN CAPITAL FORMATION IN ECONOMIC DEVELOPMENTTĂNASE DIANA 0EFTIMIE MURGU” UNIVERSITY, RESITAThe paper highlights the role of education in the growth of economic competitiveness and efficiency of human capital, in accordance with the quality of education and investments in human resources, in order to enhance labour productiveness. The paper starts by a brief analysis of Romania’s educational system, by comparison with the EU countries, analysing the number of high school students / college students per teacher, the percentage of education expenditure in the GDP, the correlation between the labour force’s training level and insertion into the labour market. The paper also presents the EU countries’ ranking related to higher education and professional training, pointing out the importance of lifelong professional training at the place of work. The paper draws conclusions regarding the importance of the labour force training, as the operation of a modern economy requires the existence of a well-trained labour force, education representing one of the fundamental pillars of any society’s development.http://www.utgjiu.ro/revista/ec/pdf/2013-06/34_Tanase.pdf educationlabour forcecompetitivenesseconomic development
spellingShingle TĂNASE DIANA
ROLE OF HUMAN CAPITAL FORMATION IN ECONOMIC DEVELOPMENT
Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie
education
labour force
competitiveness
economic development
title ROLE OF HUMAN CAPITAL FORMATION IN ECONOMIC DEVELOPMENT
title_full ROLE OF HUMAN CAPITAL FORMATION IN ECONOMIC DEVELOPMENT
title_fullStr ROLE OF HUMAN CAPITAL FORMATION IN ECONOMIC DEVELOPMENT
title_full_unstemmed ROLE OF HUMAN CAPITAL FORMATION IN ECONOMIC DEVELOPMENT
title_short ROLE OF HUMAN CAPITAL FORMATION IN ECONOMIC DEVELOPMENT
title_sort role of human capital formation in economic development
topic education
labour force
competitiveness
economic development
url http://www.utgjiu.ro/revista/ec/pdf/2013-06/34_Tanase.pdf
work_keys_str_mv AT tanasediana roleofhumancapitalformationineconomicdevelopment