Quality of Human Capital in the European Union in the Years 2004-2013. Application of Structural Equation Modelling
Adam Balcerzak () and
Michal Pietrzak ()
No 3/2016, Working Papers from Institute of Economic Research
EU policy guidelines point out that improvement of quality of human capital (QHC) should be treated as an important factor supporting convergence process. Thus, the aim of the research is the identification of the variables that determine changes in QHC. It is assumed that QHC should be considered as a latent variable, which can be measured with application of Structural Equation Modeling (SEM). SEM includes confirmatory factor analysis and path analysis used in econometrics. In the research, the hypothetic SEM model was proposed for the years 2004-2013. Four subsets of observable variables were used: a) macroeconomic and labour market effectiveness, b) quality of education, c) national innovation system, d) health and social cohesion. The research confirmed significant influence of the proposed variables on the level of QHC and positive tendencies in changes of QHS in the EU countries.
Keywords: Structural Equation Model (SEM); quality of human capital; European Union (search for similar items in EconPapers)
JEL-codes: C30 C38 (search for similar items in EconPapers)
Date: 2016-02, Revised 2016-02
New Economics Papers: this item is included in nep-eur
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
http://www.badania-gospodarcze.pl/images/Working_Papers/2016_No_3.pdf First version, 2016 (application/pdf)
Chapter: Quality of Human Capital in European Union in the Years 2004-2013. Application of Structural Equation Modeling (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pes:wpaper:2016:no3
Access Statistics for this paper
More papers in Working Papers from Institute of Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Adam P. Balcerzak ().