Human capital and regional growth perspective
Accumulation of human capital is one of the major determinants of economic growth. In the last decades, theoretical and empirical literature has analysed this issue at regional level, providing interesting results. The analysis focuses on 35 regions of the Visegrad Group (NUTS-2 level) in 2002-2009 and is based on Eurostat Regional Statistics. The objective of it was to compare competitiveness and human capital intensity in the Visegrad Group regions, verify the existence of correlation and thus potential human capital growth effects. The analysis comprised two groups of indicators: measures of competitive position and human capital education indicators, as measures of competitive ability. The results showed that there have been and continue to be substantial differences among the regions as regards competitiveness and human capital. This paper has contributed to confirming the positive link between education and regional competitiveness in the selected group of countries, however further research is still needed.
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