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Workforce Professional Skills Development in Times of Economic Crisis

Author

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  • Irina Alina Popescu

    (Academy of Economic Studies, Bucharest, Romania)

Abstract

Using unique individual-level data on the continuous professional training courses completed over the period 2007–2011 this paper addresses a topic a major concern for policy-makers and businesses in the light of the recent transformations emerging markets have suffered during the global financial crisis. The paper presents the analysis of the evolution of the demand for continuous professional training and the changes in the structure of the demand under the circumstances of the economic crisis. Findings reveal a significantly higher demand for continuous professional training for acquiring new qualifications in jobs requiring low educational attainment and competences in foreign languages and information technology in 2008 and 2009, while specializing and performance trainings in qualifications requiring secondary and tertiary education registered a significant increase during 2010 and 2011. More so, the average skill level of professional training is on the rise, demonstrating an increased preference for highly skilled jobs, in the detriment of the low skilled jobs.

Suggested Citation

  • Irina Alina Popescu, 2013. "Workforce Professional Skills Development in Times of Economic Crisis," Management, University of Primorska, Faculty of Management Koper, vol. 8(2), pages 139-155.
  • Handle: RePEc:mgt:youmng:v:8:y:2013:i:2:p:139-155
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    References listed on IDEAS

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    1. Barry Eichengreen, 2010. "Lessons of the crisis for emerging markets," International Economics and Economic Policy, Springer, vol. 7(1), pages 49-62, May.
    2. Edwarad L. Glaeser & Jesse Shapiro, 2001. "Is There a New Urbanism? The Growth of U. S. Cities in the 1990s," Harvard Institute of Economic Research Working Papers 1925, Harvard - Institute of Economic Research.
    3. Marek Dabrowski, 2010. "The Global Financial Crisis and its Impact on Emerging Market Economies in Europe and the CIS: Evidence from mid-2010," CASE Network Studies and Analyses 411, CASE-Center for Social and Economic Research.
    4. Dooley, Michael & Hutchison, Michael, 2009. "Transmission of the U.S. subprime crisis to emerging markets: Evidence on the decoupling-recoupling hypothesis," Journal of International Money and Finance, Elsevier, vol. 28(8), pages 1331-1349, December.
    5. Jaan Masso & Kerly Krillo, 2011. "Labour Markets In The Baltic States During The Crisis 2008-2009: The Effect On Different Labour Market Groups," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 79, Faculty of Economics and Business Administration, University of Tartu (Estonia).
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    Cited by:

    1. Visar Hoxha & Alenka Temeljotov Salaj, 2014. "Fundamental Economic Factors That Affect Housing Prices: Comparative Analysis between Kosovo and Slovenia," Management, University of Primorska, Faculty of Management Koper, vol. 9(4), pages 323-348.

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