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EMPIRICAL EVIDENCE(S) OF HUMAN CAPITAL INVESTMENTS AND NATIONAL WELFARE IN EU COUNTRIES

The paper explores the contribution of human capital investments in human capital intensive industries to the national welfare through the growth of gross domestic product in 28 European Union countries during the period of five years. It assumes that countries with greater level of human capital investments are wealthier, i.e. securing sustainable national growth. Research is provided through the sample of approximately 16, 380 company-year observations for the 2011-2015 period. The research is done and the results are presented using appropriate panel data analysis technique. The main findings show that human capital investments have signiticancc influence on the national welfare in EU countries.

Human capital investments, EU countries, Panel analysis

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