Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/219786 
Year of Publication: 
2016
Series/Report no.: 
Institute of Economic Research Working Papers No. 3/2016
Publisher: 
Institute of Economic Research (IER), Toruń
Abstract: 
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.
Subjects: 
Structural Equation Model (SEM)
quality of human capital
European Union
JEL: 
C30
C38
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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