Measuring the Future Potential of a Country in Terms of Human Capital

Adina Titei ()
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Adina Titei: “Ovidius†University of Constanta

Ovidius University Annals, Economic Sciences Series, 2020, vol. XX, issue 2, 551-554

Abstract: This paper is focused on the human capital as source of increasing productivity and on the future potential productivity for a child born today, using Human Development Index (HCI) developed by World Bank. Considering education and health as the main factors which determine the human capital productivity, the index measures how productive it will be at 18 years old a child born today, compared to a person with complete education and full health. For Romania in 2020 the value 0.58 shows that only 58% represents the potential productivity compared to a maximum possible for complete education and full health. At UE level, not only for Romania, but also for the other countries efforts must be made to increase the general level of education and to achieve a state of health that allows the use of the entire productive potential of human capital.

Keywords: human capital; Human Capital Index; productivity; education; health (search for similar items in EconPapers)
JEL-codes: I15 I24 J24 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xx:y:2020:i:2:p:551-554

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