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Measuring the Future Potential of a Country in Terms of Human Capital

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  • Adina Titei

    (“Ovidius†University of Constanta)

Abstract

This paper is focused on the human capital as source of increasing productivity and on the future potential productivity for a child born today, using Human Development Index (HCI) developed by World Bank. Considering education and health as the main factors which determine the human capital productivity, the index measures how productive it will be at 18 years old a child born today, compared to a person with complete education and full health. For Romania in 2020 the value 0.58 shows that only 58% represents the potential productivity compared to a maximum possible for complete education and full health. At UE level, not only for Romania, but also for the other countries efforts must be made to increase the general level of education and to achieve a state of health that allows the use of the entire productive potential of human capital.

Suggested Citation

  • Adina Titei, 2020. "Measuring the Future Potential of a Country in Terms of Human Capital," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 551-554, December.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:2:p:551-554
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    References listed on IDEAS

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    5. Forbes, Matthew & Barker, Andrew & Turner, Stewart, 2010. "The Effects of Education and Health on Wages and Productivity," Staff Working Papers 101, Productivity Commission, Government of Australia.
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    More about this item

    Keywords

    human capital; Human Capital Index; productivity; education; health;
    All these keywords.

    JEL classification:

    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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