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Understanding The Importance Of Human Capital And Labor Market Competitiveness In The Eu Candidate Countries And Selected Eu Members

Author

Listed:
  • Vesna Andrijevic Matovac

    (University of Zagreb)

  • Vlatka Bilas

    (University of Zagreb)

  • Sanja Franc

    (University of Zagreb)

Abstract

Human capital is considered to be an important factor of economic growth and development, as well as one of the sources of competitive advantages. In order to attain highly skilled human capital, countries should improve their labor market competitiveness and increase investments in education, science and technology. This paper analyzes the role and the significance of human capital. Furthermore, it researches motives, effects and trends of labor migration in Europe, with special emphasis on highly qualified labor migration i.e. brain drain phenomenon. Since competitive and stable labor market is important condition for joining the EU, the purpose of the analysis was to see what level of convergence have the EU candidates reached so far. For that reason, a comparative analysis of certain labor market characteristics in Croatia, FYR of Macedonia and Turkey (EU candidate countries) and selected EU countries was made.

Suggested Citation

  • Vesna Andrijevic Matovac & Vlatka Bilas & Sanja Franc, 2010. "Understanding The Importance Of Human Capital And Labor Market Competitiveness In The Eu Candidate Countries And Selected Eu Members," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 19(2), pages 359-382, december.
    • Handle: RePEc:avo:emipdu:v:19:y:2010:i:2:p:359-382
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    References listed on IDEAS

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    1. C. Simon Fan & Oded Stark, 2007. "The brain drain, 'educated unemployment', human capital formation, and economic betterment," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 15, pages 629-660, October.
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    3. Oded Stark & C. Simon Fan, 2009. "The Brain Drain, ‘Educated Unemployment’, Human Capital Formation, and Economic Betterment," International Economic Association Series, in: János Kornai & László Mátyás & Gérard Roland (ed.), Corruption, Development and Institutional Design, chapter 7, pages 120-151, Palgrave Macmillan.
    4. Jacobsen, Joyce P. & Levin, Laurence M., 2000. "The effects of internal migration on the relative economic status of women and men," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 29(3), pages 291-304, May.
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    More about this item

    Keywords

    human capital; brain drain; labor market; labor migration; EU;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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