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Developing the Concept of Human Capital by Highlighting the Benefits for the Education System

Author

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  • Florentina Ecaterina JOGA

    (Bucharest University of Economic Studies)

  • Roxana GAVRILĂ

    (School Inspectorate of the Municipality of Bucharest)

Abstract

The term capital refers to a productive resource that may be used. The term human capital describes human beings as one of the most important components that contribute to the long-term growth of the educational system and the advancement of society in general. Individual and collective human capital are comprised of the information, skills, attitudes, and talents possessed by people, as well as the social and cultural endowments possessed by a group, including the ability to discover, invent, innovate, and be innovative. The purpose of our research is to draw attention to the unique characteristics of the development of the idea of human capital, as well as the benefits it provides to the educational system. For this study, we focused on qualitative techniques, with the goal of gaining a broad picture of human resource management strategies in the context of digitizing the learning-asset process and providing students with long-term educational opportunities. The information gathered will be utilized to develop hypotheses and working techniques for the investigations that will be carried out in the future research projects.

Suggested Citation

  • Florentina Ecaterina JOGA & Roxana GAVRILĂ, 2021. "Developing the Concept of Human Capital by Highlighting the Benefits for the Education System," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 22(4), pages 519-526, October.
    • Handle: RePEc:rom:rmcimn:v:22:y:2021:i:4:p:519-526
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    References listed on IDEAS

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    2. Barro, Robert J. & Lee, Jong Wha, 2013. "A new data set of educational attainment in the world, 1950–2010," Journal of Development Economics, Elsevier, vol. 104(C), pages 184-198.
    3. Sorin BURLACU, "undated". "Pre-Training Human Resources In Romanian Public Administration In The New Knowledge-Based Economy Using Electronic Communication," Proceedings of the Fifth "Administration and Public Management" International Conference: "Public Institutions' Capacity to Implement the Administrative Reform Process", Bucharest, June 23-24, 2009 20, Research Centre in Public Administration and Public Services, Bucharest, Romania.
    4. Sorin BURLACU & Amelia DIACONU & Evelina Petronela BALU & Iulian GOLE, 2021. "The Economic and Social Effects of Unemployment in Romania," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 22(1), pages 21-27, January.
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    More about this item

    Keywords

    human capital; system; education expenditures; economic growth.;
    All these keywords.

    JEL classification:

    • A29 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Other
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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