Impact of human capital development on productivity growth in EU member states

    Alma Mačiulytė-Šniukienė Affiliation
    ; Kristina Matuzevičiūtė Affiliation


In this research, we investigate the impact of human capital on labour productivity in European Union member states using panel data analysis. Results of the paper are estimated using the Pooled ordinary least squares (OLS) and Fixed effects model (FEM). The results show that human capital is positively significant in improving the growth of labour productivity in the EU. Our estimates also suggest that the impact occurs after three times lags in case of education expenditure.

Keyword : human capital, productivity, health care expenditure, education expenditure

How to Cite
Mačiulytė-Šniukienė, A., & Matuzevičiūtė, K. (2018). Impact of human capital development on productivity growth in EU member states. Business, Management and Economics Engineering, 16, 1-12.
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May 30, 2018
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