Relationship between Human Capital and National Culture

Valerij Dermol
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Valerij Dermol: International School for Social and Business Studies, Slovenia

Management, 2019, vol. 14, issue 3, 173-184

Abstract: The paper presents an insight into the relationship between the dimensions of national culture defined by Hofstede and human capital (HC) measured by the Global Human Capital Index (GHCI) regularly measured by World Economic Forum. The study is based on the data available on the Internet. Statistical analysis was performed on the sample of 89 countries presenting a regression model which shows that a significant positive relationship exists between the Long Term Orientation versus Short Term Normative Orientation (LTO), Individualism versus Collectivism (IDV) andMasculinity versus Femininity (MAS) on the side of national culture and GHCI as the indicator on the side of the HC. Besides, in the study, we recognize groups of countries with similar cultures which may be positively or negatively related to the HC, its development and deployment, that may also act as a mediator affecting the economic performance of a country. The findings of the study give an insight into factors that may affect long term performance not just of a country but also business organisations in a country. We believe that individualism, long-term orientation and minimisation of excessive competition in a society or an organization may be of great importance.

Keywords: national culture; human capital; the performance of national economies (search for similar items in EconPapers)
Date: 2019
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DOI: 10.26493/1854-4231.14.173-184

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