Econometric Modeling of the Relationship Between Competitiveness and Human Capital

Ensuring and maintaining staff competitiveness on the national and international level, the quantification of effective ways of enhancing competitive advantages of the national economy, are crucial strategies for socio-economic development of world countries. This article investigates the determinant aspects of the interdependencies between competitiveness and human capital for the purposes of statistically evaluating the observed connections. The research methodology focused on use of the following methods: analysis, synthesis, comparison, induction, abduction, scientific abstraction, and modelling. Based on the research, we can conclude that there are direct links between competitiveness and human capital, thus, with the growth of enterprise human capital, the competitiveness of the companies will increase simultaneously