Typology of Human Capital Development in EU Countries

This paper proposes to reveal typology of EU countries in human capital development. On the bases of theoretical findings on human capital development human capital development index which consists out of three sub-indices: Social progress of human capital, Innovation development rate of Human capit...

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Bibliographic Details
Published in:Procedia economics and finance 2015, Vol.23, p.1641-1648
Main Authors: Vaitkevičius, Sigitas, Čiutienė, Rūta, Meilienė, Evelina, Savanevičienė, Asta
Format: Article
Language:English
Subjects:
development
Human capital
typology
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Summary:This paper proposes to reveal typology of EU countries in human capital development. On the bases of theoretical findings on human capital development human capital development index which consists out of three sub-indices: Social progress of human capital, Innovation development rate of Human capital and Potential of Human capital development had been created. The human capital development index verified using the factor analysis and reliability analysis methods, created out of 26 primary variables and data of 26 EU countries were used. The hierarchical cluster analysis of human capital development in EU countries revealed six groups of the countries having the different human capital development patterns in EU. This scientific research is financed by the Research Council of Lithuania (Institutional scientific research program “Challenges of Lithuanian economyʽs long-term competitiveness”).
ISSN:2212-5671
2212-5671
DOI:10.1016/S2212-5671(15)00520-1