engleski

The association between the national intellectual capital components and the quality of life

The study measures the association between the national intellectual capital components and the quality of life in the 24 European Union countries. The overall quality of life ranking lists Austria at the top and Romania at the bottom. Quality of life shows the highest positive correlation with the financial capital index throughout the observed period of time. Regarding the human capital, the components that offer room for improvement seem to be the employee training and total public expenditure on education. Regarding the market and process capital, people seem to perceive the higher quality of life in countries with better transparency, government efficiency and capital availability. What is interesting is that all the components of the renewal capital are positively correlated with quality of life. The interplay between financial capital, renewal capital and quality of life should be further investigated in future research. The research findings provide valuable information for policy makers when formulating effective strategies for strengthening the perceived quality of life in their countries.

national intellectual capital ; quality of life

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