HUMAN CAPITAL FLIGHT - ROMANIA’S CASE

Magdalena Velciu
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Magdalena Velciu: National Scientific Research Institute for Labour and Social Protection, Bucharest, Romania

SEA - Practical Application of Science, 2016, issue 12, 573-579

Abstract: Knowledge, qualifications of workforce and human capital became key factors for progress. Human capital flight transfers not only people but work, knowledge, tangible and intangible capital and development potential. In this article, trying to answer whether Romania is a source country for emigration of highly skilled or well-educated individuals (ie human capital flight) I flew over those two dimensions that have traditionally characterized human capital flight namely: shrinking work resource and lossing high educated peoples. Therefore, Romania was faced with decreasing the number of resident population due to the evolution of demographic phenomena with negative projections and declining number of working age population and young educated and highly skilled workers and professionals. This will generate complex problems for economy, labour market, difficulty in finding highly skilled workers, talent shortages etc so it’s critical to monitor the labour migration or brain drain phenomenon.

Keywords: Human capital flight; Brain drain; Labour migration (search for similar items in EconPapers)
JEL-codes: J24 J61 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:seapas:y:2016:i:12:p:573-579

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