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ASSESSMENT MODEL OF THE NATIONS' HUMAN CAPITAL - THE CASE OF THE EU COUNTRIES

Keywords: human capital , macroeconomic data , knowledge-based society , assessment models and methodologies

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Abstract:

In the knowledge-based society and in the creative economy towards which all the EU countries aspire, being also driven by the regulations of the European Commission through Europe 2020 Strategy, the human capital of a nation acquires new values, representing a powerful comparative advantage for the countries investing in this direction. In this context, the purpose of this scientific approach is to propose a model for assessing the human capital of a nation, created in a new approach, by using representative variables. By using the model proposed benchmarking of the world countries can be made. In this paper we present a benchmark of the EU countries. To answer the approach of this paper, we have used the following research techniques: investigation of secondary data and content analysis of the key reports and studies of international organizations such as: World Bank – Human Development Reports, World Economic Forum, statistics and Eurostat and UNCTAD publications, Euro barometers and EU reports on human capital, etc. For the analysis of the data we applied statistical methods of analysis, from the simplest (descriptive statistics) to the implementation of complex analysis.

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