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Investment In Human Capital - An Investment In Future

Author

Listed:
  • JULA OCTAVIAN

    (Babes-Bolyai, Facultatea de Stiinte Economice si Gestiunea Afacerilor)

  • DUMITREAN CRINUTA NICOLETA

    (Universitastea de Nord, Baia Mare)

Abstract

The paper aims to study, reveal and understand one of the most important production factor, considered by some as being labor, understood nowadays as human capital. It is important to reveal and to demonstrate that the investment into human capital will have results with a very high return on investment, maybe not so seen in the first years to come just after the investment, but for sure as a big result and a cause for economic development. The investment into human capital can be determined by public or private investment. Either the case the result will be in favor of the national economy

Suggested Citation

  • Jula Octavian & Dumitrean Crinuta Nicoleta, 2010. "Investment In Human Capital - An Investment In Future," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 270-276, December.
    • Handle: RePEc:ora:journl:v:1:y:2010:i:2:p:270-276
    as

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    File URL: http://anale.steconomiceuoradea.ro/volume/2010/n2/039.pdf
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    References listed on IDEAS

    as
    1. Gary S. Becker & Kevin M. Murphy, 1994. "The Division of Labor, Coordination Costs, and Knowledge," NBER Chapters, in: Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education, Third Edition, pages 299-322, National Bureau of Economic Research, Inc.
    2. Bester, Helmut & de Palma, Andre & Leininger, Wolfgang & Thomas, Jonathan & von Thadden, Ernst-Ludwig, 1996. "A Noncooperative Analysis of Hotelling's Location Game," Games and Economic Behavior, Elsevier, vol. 12(2), pages 165-186, February.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    investment; human capital; economic development; labor flows;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy

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