Event Title

The evolution of the human capital stock in transition economies: an overview

Session

Management, Business and Economics

Description

The aim of this paper is to provide a discussion of the human capital development in the transition economies of Europe and Central Asia. It elaborates the evolution of the human capital stock since the beginning of the transformation process by focusing on the level of education attainment, quality of education and training incidence. Furthermore, it describes the key characteristics of the educational system of the region before and during the reform process with particular emphasis on different types of schooling, i.e. vocational versus general, non-cognitive skills development and the main pedagogical approach adopted. The remaining gaps with respect to the EU-18, skill and qualification mismatches and other transition-related subjects are also examined in this paper. The data review shows that the process of transition was associated with decreases in the proportion of population 15 and over with no completed schooling as well as those with primary education as their highest level attained. A positive trend was witnessed, on the other hand, in the proportion of population who have attended and completed secondary education, the magnitude being significantly higher in the CEECs as compared to CIS. The largest growth rate was recorded in the sector of tertiary education, albeit, considerable variations across the region are observed. However, notwithstanding the rapid growth of the stock of population with tertiary education, the issue of skill mismatch and skill shortages in particular fields appear to be prevalent in the region. The quality of education appears to be lower than the average EU-18, though, there are economies from the region that outrank many high performing countries. Training as an important source of human capital development has increased significantly over time, though; it remains low compared to high income countries standards.

Keywords:

Education attainment, Quality of education, Training, Transition economies

Session Chair

Hasan Metin

Session Co-Chair

Bejtush Ademi

Proceedings Editor

Edmond Hajrizi

ISBN

978-9951-437-69-1

Location

Pristina, Kosovo

Start Date

27-10-2018 1:30 PM

End Date

27-10-2018 3:00 PM

DOI

10.33107/ubt-ic.2018.314

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Oct 27th, 1:30 PM Oct 27th, 3:00 PM

The evolution of the human capital stock in transition economies: an overview

Pristina, Kosovo

The aim of this paper is to provide a discussion of the human capital development in the transition economies of Europe and Central Asia. It elaborates the evolution of the human capital stock since the beginning of the transformation process by focusing on the level of education attainment, quality of education and training incidence. Furthermore, it describes the key characteristics of the educational system of the region before and during the reform process with particular emphasis on different types of schooling, i.e. vocational versus general, non-cognitive skills development and the main pedagogical approach adopted. The remaining gaps with respect to the EU-18, skill and qualification mismatches and other transition-related subjects are also examined in this paper. The data review shows that the process of transition was associated with decreases in the proportion of population 15 and over with no completed schooling as well as those with primary education as their highest level attained. A positive trend was witnessed, on the other hand, in the proportion of population who have attended and completed secondary education, the magnitude being significantly higher in the CEECs as compared to CIS. The largest growth rate was recorded in the sector of tertiary education, albeit, considerable variations across the region are observed. However, notwithstanding the rapid growth of the stock of population with tertiary education, the issue of skill mismatch and skill shortages in particular fields appear to be prevalent in the region. The quality of education appears to be lower than the average EU-18, though, there are economies from the region that outrank many high performing countries. Training as an important source of human capital development has increased significantly over time, though; it remains low compared to high income countries standards.