I21 - Analysis of EducationReturn

The topic of the relationship between human capital and economic growth has been intensively examined in empirical studies since the 1980s. Although the positive impact of education and human capital on growth has been repeatedly confirmed, there are still doubts about the strength and probable inverse causality of the relationship. The quality of human capital is frequently mentioned in the empirical literature as an important factor which can help to understand and properly determine the link. The quality of human capital is a key focus of this paper. It tests and confirms the hypothesis that the quality is an important factor which significantly influences the intensity of the relationship. The main hypothesis has been tested using the dynamic panel data technique (GMM estimation) on panel data covering 65 countries in 1960-2005. It has been confirmed that the years of schooling have a higher positive impact on economic growth in countries with a higher quality of education.

The article deals with the requirements placed on Executive Development Programmes (EDPs) and their success factors. Executives belong to the top and upper management of companies who see the organization as a unit and not the individual function areas in the foreground. EDPs seek qualification that goes beyond the skills of their current activities, they offer practical state-of-the-art training to acquire new techniques, and they benefit from the experience of other participants. Further education institutions have to satisfy the demand for teaching technical, conceptual and social skills in compliance with the requirements of the learning process and type of content. Selection criteria for an alternative training or a specific school are, in general, content, target group and existing own resources. Using a practice-induced model, interdependent success factors of EDPs were identified such as provider quality, experiential learning and internationality, applied approach and environmental conditions.