The investigation of human capital and investments into human capital: Lithuania in the context of the EU

Abstract

The emergence of knowledge - based world economy has increased the demand of highly skilled labour force. On the other hand, the labour force is impacted by the level of education and the investments into education and contributes to the competitiveness of the country. The paper aims to analyse human capital and investments into human capital. Specifically we focus on high education and effectiveness of investments into high education. The investigation revealed that the focus on R&D in Lithuania is seen as insufficient and thus, diminishes competitiveness of the country in the international context. The assessment of investments into high education let us conclude that investments are beneficial to the State in the long - term period. The insights into the development of future investigations are suggested.