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Market relations in education as the factor, which has impact on the quality of human capital

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  • Valentina Pavlovska

    (BA School of Business and Finance, Latvia)

Abstract

Market relations in Latvian economy increasingly develop in the field of education. Education becomes a special product and people must know how to sell and how to buy it. Graduates’ ability to fit labour market requirements is an important indicator of education quality. Consequently, the education product should meet labour market requirements. Market research data show that employers, education institutions and students have different visions of what the labour market requirements are.

Suggested Citation

  • Valentina Pavlovska, 2009. "Market relations in education as the factor, which has impact on the quality of human capital," Perspectives of Innovation in Economics and Business (PIEB), Prague Development Center, vol. 3(3), pages 137-139.
    • Handle: RePEc:pdc:jrpieb:v:3:y:2009:i:3:p:137-139
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    References listed on IDEAS

    as
    1. Checchi,Daniele, 2008. "The Economics of Education," Cambridge Books, Cambridge University Press, number 9780521066464.
    2. Al-Sunaidy, A. & Green, R., 2006. "Electricity deregulation in OECD (Organization for Economic Cooperation and Development) countries," Energy, Elsevier, vol. 31(6), pages 769-787.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Market relations in labour market; demand and supply of education; labour market; quality.;
    All these keywords.

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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