HUMAN CAPITAL IN ECONOMIC THEORY AND PRACTICE

Prof. Dalia Simion Ph. D and Assist. Prof. Daniel Toba Ph. D
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Prof. Dalia Simion Ph. D: University of Craiova Faculty of Economics and Business Administration Craiova, Romania
Assist. Prof. Daniel Toba Ph. D: University of Craiova Faculty of Economics and Business Administration Craiova, Romania

Revista Tinerilor Economisti (The Young Economists Journal), 2014, vol. 1, issue 23, 95-100

Abstract: In the current context, when the economic environment is marked by profound changes, the companies face a number of key issues like: globalization and thus increased competition, the development of information and communication technologies, change of consumer behavior, the greater role of intangible assets, all these factors affecting the competitiveness and development of firms. Human capital and its influence on economic growth and firm performance can contribute to strengthening the position of a country or company. In this article we focused on coverage over time, human capital in economic theory and practice of the factor of production to be minimized to internal resource of an organization that can provide a sustainable competitive advantage.

Keywords: human capital; human development; knowledge economy; firms performance; economic growth; intangibles (search for similar items in EconPapers)
JEL-codes: E24 O15 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:aio:rteyej:v:1:y:2014:i:23:p:95-100

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