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206 Pârvulescu, I.; Pleşa, R. REFERENCES: [1]. Druţă, F. (1990) Motivaţia economică, Editura Economică, Bucureşti [2]. Hoffman, O. (1996) Sociologia muncii, Editura Hyperion, Bucureşti [3]. Lefter, V.; Manolescu, A. (1995) Managementul resurselor umane, Editura Didactică şi Pedagogică, Bucureşti [4]. Otovescu, D., coord. (2010) Tratat de sociologie generală, Editura Beladi, Bucureşti [5]. Pitariu, H.D. (1994) Managementul resurselor umane, Editura All, Bucureşti [6]. Vlăsceanu, M. (1993) Psihosociologia organizaţiilor şi a conducerii, Editura Paideia, Bucureşti
Annals of the University of Petroşani, Economics, 11(1), 2011, 207-214 207 HUMAN CAPITAL AND HIGHER EDUCATION IN ROMANIA IN THE LAST YEARS ADINA POPOVICI (BĂRBULESCU) * ABSTRACT: The paper underlines and analyses the role of human capital, as well as some issues related to higher education and research in Romania, both in figures and from a humanistic perspective of regarding them as fundamental investments in the future of nations, preservers of the supreme values of the humanity. KEY WORDS: human capital; economic growth; higher education; research; market economy; knowledge-based society. JEL CLASSIFICATION: I21, I23, I25, J60. 1. THE ROLE OF HUMAN CAPITAL The importance of education and health for the economic growth and development is due to the returns from investments in the two variables. These are two forms of human capital, the improvement of which should enhance worker‘s productivity. Several studies show that better health, special early in life, is associated with higher educational attainment. Conti et al. (2010) argue that more educated individuals, in turn, have better health later in life and better market prospects. According to the authors, education has an important causal effect in explaining differences in many adult outcomes and health behaviours (Conti, Heckman and Urzua: 2010). (Carlei, et al., 2011, pp. 174) An improvement of living conditions of an individual, and therefore an increase in the level of health, has effects both at a microeconomic level, thereby improving his welfare and that of the communities in which he lives, and also at a macroeconomic level, allowing a further development of a country. The micro-level evidences are those that support the contribution of health on economic outcomes, like as wages and earnings, amount of hours worked, labour force participation and so on, analyzing for example the link between nutrition and productivity. Fogel (1997), in his * Assoc. Prof., Ph.D., West University of Timişoara, Romania, adinap_12@yahoo.com
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