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The Role Of Vocational Education And Training And Human Resources Development In Bulgaria'S Economic Growth

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  • Nadezhda Stoyanova KOSTADINOVA
  • Alina Nicoleta BONCILICA

Abstract

Vocational education and training is a major engine for the economic growth of a country by developing skills that provide individuals with the opportunity to find skill-related jobs. Also, human resource development plays an essential role in the development of an adaptable and skilled workforce to drive innovation and economic growth. Taking these concepts into account, our article focuses on the role of vocational education and training and human resources development in economic growth in Bulgaria. We performed linear regressions using IBM SPSS Statistics to test the hypotheses deduced from literature. The results show that vocational education and training and human resource development have a positive influence on the economic growth of Bulgaria. Furthermore, vocational education and training plays a crucial role in the development of human resources to increase financial performance and competitiveness in a national economy. In conclusion, it can be stated that economic growth indicators, such as labor productivity, the increase in the employment rate, and the decrease in the poverty rate, depend on the quality of human resources.

Suggested Citation

  • Nadezhda Stoyanova KOSTADINOVA & Alina Nicoleta BONCILICA, 2024. "The Role Of Vocational Education And Training And Human Resources Development In Bulgaria'S Economic Growth," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 18(1), pages 370-379, November.
    • Handle: RePEc:rom:mancon:v:18:y:2024:i:1:p:370-379
    DOI: 10.24818/IMC/2024/04.03
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    References listed on IDEAS

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    1. Gunay Kibrit & Fahriye Altinay & Gokmen Dagli & Zehra Altinay & Ramesh Sharma & Rustam Shadiev & Ahmed Tlili & Menil Celebi & Mohamed Jemni & Meryem Bastas, 2022. "Evaluation of Sustainability and Accessibility Strategies in Vocational Education Training," Sustainability, MDPI, vol. 14(19), pages 1-14, September.
    2. Ivan Todorov & Kalina Durova, 2016. "Economic Growth of Bulgaria and Its Determinants," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 3-35.
    3. Chengming Yang & Franz Kaiser & Hui Tang & Pujun Chen & Junfeng Diao, 2023. "Sustaining the Quality Development of German Vocational Education and Training in the Age of Digitalization: Challenges and Strategies," Sustainability, MDPI, vol. 15(4), pages 1-21, February.
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