Romanian Human Capital (original) (raw)
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Annals of the Alexandru Ioan Cuza University - Economics, 2012
The social political environment has a strong impact on the human capital stock. Therefore, the major political changes that occurred in Romania during the 20 th century significantly contributed to the disturbance of the normal forming cycle of human capital, both quantitatively and qualitatively. This paper aims at following, by means of a comparative study and qualitative analysis, the evolution and dynamics of the human capital stock under the two elements of influence, education and healthcare. The objective is to carry out an analysis on the changes occurred at the level of the human capital stock in different social political contexts, by means of the available statistical data and for the purpose of providing a database to be used in taking the right political decisions for its protection.
Human Capital And Its Influence On Economic Development. The Case Of Romania
Annals - Economy Series, 2015
The present paper had as starting point the idea according to which human capital and investment in human capital, and respectively investment in education, can be considered key determinant of economic growth and development. Our paper draws attention to the conditions necessary so that the effects of education on human capital development and economic development should record maximum values. The paper emphasizes the idea that investments in education become ineffective unless accompanied by a suitable and appropriate strategy for economic and social development, based on socio-economic and political stability, and by the existence of a direct relationship between income, occupation and level of education and professional training. Our analysis also involves the concepts of social capital and psychological capital, both being considered as influencing development theory, practice and policy; although they bring about less clear and direct results, these two forms of capital are co...
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The human capital represents the most important investment made both by state and companies and also individually for the education and development of skills, knowledge, qualifications and capabilities of individuals, in order to obtain various incomes from certain economic activities. Both the expenses made for education and long term benefits influence the value of the investment in education. The analysis performed on the Romanian economy shows that between the educational level and the income, there is a positive relationship as the one, that numbers are showing with no doubt, between the manpower occupancy and the education period (the amount of investments in human capital). Therefore, the analysis of the Romanian labor market shows that the most affected by unemployment are the individuals with a modest education level while persons with a university degree suffer less from this phenomenon.
The correlation between the development of human resource in education and the Romanian economy
Studies and Scientific Researches: Economics Edition, 2010
This article is a thorough reflection on development of human resources and on influence they have programs career development of individual improvement. Representative data describe the impact of development programs on educational career. Education plays an essential role in the life of the individual both in terms of career, as well as economically. In this sense, the informations and the representative data which characterizes the Romanian educational system and ensure quality in education, are in important issue.
The Crisis'Efects on the Stock of Romanian Human Capital
Annals of Faculty of Economics, 2009
The knowledge, skills and abilities, as main aspects of human capital, have significant influences on the economic development of a country. Unfortunately, in Romania, the low level of human capital at the young people, combined with one of the Europe's lowest rates of life long learning, could determine a future continuous degradation of the economy. Moreover, the public financial support of the Romanian learning system, from 2007-2008, was suddenly interrupted by the international financial crisis. Yet, although the period of crisis seems to be unfavourable, it has to be mentioned that the future belongs only to those countries that are supporting the innovation, based on a high stock of human capital. Therefore, Romania should try to attract and maintain inside the country those people that have previously accumulated human capital through their temporary migration to the world developed economies.
Challenges Regarding the Use of Human Capital in the Contemporary Economy
Studies in Business and Economics, 2020
The paper addresses a topical and important issue for national economic activity, highlighting the important role that human capital has in ensuring economic development and growth. Given the increasingly dynamic and turbulent economic and social context, as a result of the expansion of the phenomena circumscribed by globalization, continuous training through education and the level of health of the population remain the main pillars in ensuring the competitiveness of human capital. Considering this reality, the paper presents a detailed analysis of Romania's position regarding the investment in education and health in a European context and the main elements that characterize the national human capital. By identifying the vulnerabilities associated with the qualitative and quantitative structure of the national human resource, a set of proposals and recommendations are formulated meant to constitute possible solutions for the reported problems. The main conclusions deriving fro...
Developing human capital through education
The 5th. World Congress of Research in Education, Rusia, ISBN 0-557-72797-9, 2017
The concept of capital has been examined in the literature in its various aspects: financial, organizational, structural, social, relational, human, and intellectual. The paper aims to analyze the evolution of the concept of human capital, starting from the definition given at individual level; namely, human capital is closely related to genetics, education, experience and attitudes of a person. Education and training underpin the development of human capital in an organization, whether public or private. Looking at the ensemble education, human capital and welfare in organization, we see that theories of human capital influence the educational system and labour market. Economists call this process, capital formation, in order to improve productivity in the workplace. In the current society based on knowledge, human capital is one of the engines of economic development. Thus, this intangible capital aims to bring added value to an organization, especially at the top and middle management level. However the term human capital is defined not only by the level of education of the individual, but also by the acquired specific knowledge or experience in the previous job. Using literature review, the paper identifies the elements of human capital, following the historical evolution of the concept, as there is no common definition of human capital, most referring to knowledge, skills, competencies and attributes embodied in individuals, in order to facilitate the creation of personal, social and economic welfare. Further, through Eurostat database, the work explores the relationship between education and the labour market, both at European Union level and in particular for Romania, using indicators such as: the employment rate, education level, number of graduates with higher education, research and development degree.
SOCIO-ECONOMIC TRANSFORMATIONS OF HUMAN CAPITAL IN RURAL ROMANIA
Human capital theory rests on the assumption that formal education is necessary to improve the productive capacity of a population. The education is an investment in human capital, which proponents of the theory have considered as equally or even more worthwhile than that of physical capital. The main demo-educational tendencies of the human capital in rural Romania seems to be in contradiction with the goals of the human capital theory. The age structure of the active rural population constantly deteriorated in the last decade, with significant influences on the innovating capacity of the labour recruitment pool. The analysis of the interest in education by rural population's age groups reveals a contradictory evolution in the case of rural young generation. Unfortunately, the young people (under 35 years) are becoming less and less interested in graduating secondary and higher education levels than older generations. In the period 1996 -2012, the number of rural people aged 25 -34 years who graduated a low educational level practically doubled, the share of this educational category in total rural population from the above-mentioned age group reaching 42%. In this way, the young population risks to endanger its access opportunities and active involvement in the labour market.
Analysis of the Evolution of Human Resource in Romanian Secondary Sector
2014
The secondary sector, composed of industry and construction, contributes about 43 % to the GDP of Romania. This sector employed less than 28 % of the total workforce employed at national level and labor productivity, calculated by GDP per employee, is above average, but not particularly high in absolute terms. Decrease in the number of employees in the secondary sector was mainly caused by the decline of manufacturing and extractive. Cities that have suffered severe forms of industrialization come predominantly from small towns category. The areas most affected by unemployment are located in counties with a high degree of industrialization before 1990, but have suffered in recent years a strong industrial decline. The paper presents the analysis of the workforce engaged in the
Analysis and Assessment of Human Capital in the Regions of Slovakia
Economics. Ecology. Socium
Introduction. The human capital of any country is a priority factor of national wealth and well-being, as it creates the necessary potential in knowledge, experience and skills of people. It also accelerates intellectual and technical progress in society and strengthens a country's international competitiveness. The international experience in human capital formation confirms the importance of intellectual potential, education quality, and the need to accumulate it. The major reason for concentrating the human capital is the growing role of the population`s social protection and providing favourable conditions for personal and overall country development. Aim and tasks. The aim of the study is to develop a comprehensive approach to the analysis and evaluation of human capital by identifying its main components in the Slovakian regions. The average multivariate method was used for the research, considering the dynamics of the economic development indicator. Results. Based on the ...