Investment decision in human capital and macroeconomic implications

Mihaela Tania SANDU, Nora MIHAIL


To emphasize the importance and influence of human capital on economic growth of a country and also to base decisions on the need to invest in such type of capital, studies have been conducted and different models for analysis macroeconomic and demographic indicators have been used.

We present the main indicators and dynamics of human capital, placed in the economic context of Romania, with reference, in bringing out statistics data, to an average period of time (between 1994-2008) characterized at macroeconomic level, both by recession and economic growth periods.

There were also highlighted indicators and dynamics, both at national and individual level.




human capital, indicators of human capital, dynamics of human capital, macroeconomic indicators, individual indicators

Full Text:



• Barr, N., Labor Markets and Social Policy in Central and Eastern Europe: The Transition and Beyond, Oxford University Press, World Bank, 1994.

• Barro, R., Éducation et croissance économique,, 1995.

• Becker, G., Capitalul uman. O analiză teoretică şi empirică. Cu referire specială la educaţie, ALL Publishing House, Bucharest, 1998.

• Caracota, D., Strategii de dezvoltare. Previziune economică, Silvi Publishing House, Bucharest, 2001.

• Cetina, Iuliana, Marketingul serviciilor: fundamente şi domenii de specializare, Uranus Publishing House, Bucharest, 2009.

• Ciobanu, Gh., Ţigănescu, E., Cercetări operaţionale cu aplicaţii în economie. Optimizări liniare, ASE Publishing House, Bucharest, 2002.

• Ciucă, V., Pirciog, S., Analiza dinamicii pieţei muncii la nivel regional în sprijinul ocupării forţei de muncă. Proiecţia nevoii de formare profesională prin învăţământul profesional şi tehnic la orizontul anului 2004, Humanitas Educational, Bucharest, 2003.

• Dogaru, I., Formula de finanţare a învăţământului preuniversitar din România. Studii şi proiecte, Economica Publishing House, Bucharest, 2002.

• Jinga, I., Managementul învăţământului – cu privire specială la învăţământul preuniversitar, ASE Publishing House, Bucharest, 2003.

• Mihail, N., Stancu, S., Macroeconomie. Modele statice şi dinamice de comportament. Teorie şi aplicaţii, Economica Publishing House, Bucharest, 2009.

• Nicolae, V., Constantin, L.D., Gradinaru, I., Previziune şi orientare economică, Economica Publishing House, Bucharest, 1998.

• Panduru, F., Structura şi funcţionarea sistemului statistic al forţei de muncă, ASE Publishing House, Bucharest, 2001.

• Pert, S. (coord.), Evaluarea capitalului uman. Coordonate strategice ale evoluţiei pieţei muncii în România, IRLI, Bucharest, 1997.

• Porumb, E., Capitalul uman şi social, Cluj-Napoca, EFES, 2001.

• Scarlat, E., Chirita, N., Cibernetica sistemelor economice, Economica Publishing House, Bucharest, 2003.

• Schuller, T., Les rôle complémentaires du capital humain et du capital social,, 2001.

• Tinbergen, J., Modeles économiques de l’enseignement, OCDE, Paris, 1966.

• Ţigănescu, E., Roman, M., Macroeconomie. O abordare cantitativă, Economica Publishing House, Bucharest, 2005.

• Voicu, B., Capitalul uman: componente, nivele, structuri, „Calitatea Vieţii” no. 2, 2004.

*** Ministry of Public Finance – National Development Plan 2007-2013,

*** Ministry of Education, Research, Youth and Sports – State of Education in 2009,

*** Ministry of Education, Research, Youth and Sports, Eurydice Survey – Lifelong learning: contribution of education systems in EU Member States,

*** Centre de Développement de L’Organisation de coopération et de développement économiques (OCDE), Paris, 1971.

*** Anti-Poverty and Promotion of Social Inclusion Commision,;

*** Raport Mondial sur la Communication et l’information 1999-2000, Edition UNESCO, Paris, 1999,

Copyright (c) 2010 author

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Please read the statement below:
Processing of personal data and free movement of these data

Registering with this site the author agree with the collection, processing and use of his personal data, exclusively within the ASHUES journal.




To crown and encourage research efforts of the authors, at the end of a year of publishing our journal board will award online the best papers by distinctions:

1. Best Original Paper Award -  for the paper that has brought something completely new in the reader's attention (a new concept, a new trend, a new proposal in research, etc.)

2. Excellence Award - for the most cited paper and visualized in the online environment during the year

3. First, Second and Third Award- for the best documented and substantiated papers during the year

4. Special Award - to award PhD students and postdocs for the most well documented and substantiated paper

Administred:Rocsana B. Manea Tonis