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The Possibility of Developing an Appropriate Framework for Reflecting Information and Making Decisions on the Human Capital

Ciurea Maria () and Man Mariana ()
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Ciurea Maria: University of Petrosani
Man Mariana: University of Petrosani

Ovidius University Annals, Economic Sciences Series, 2018, vol. XVIII, issue 2, 234-239

Abstract: The rapid evolution of the economic environment, under the influence of constantly moving factors, leads to rapid changes in economic theory. The rapidity with which they follow, also influences aspects of information reflection and decision making in the field of human capital. In order for the information and processes of decision-making in the field of human knowledge not to risk being mistaken, a good knowledge and interpretation is necessary. Consequently, through this scientific approach, we considered a schematic presentation from which to identify the stages of creation and use of information necessary for the use of human capital, establishing a parallel regarding the allocation of resources in the field of physical capital. Therefore, making the right decisions in stocktaking and human capital flows will contribute both to economic development and raising the standard of living, as well as to the responsibility of governments and individuals.

Keywords: Human capital; physical capital; decisions; information flow; investment (search for similar items in EconPapers)
JEL-codes: A19 D04 M29 M48 (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:ovi:oviste:v:xviii:y:2018:i:2:p:234-239