Assessing the Impact of Human Capital's Structure on High Value-Added Economic Sectors in European Countries

of human capital on high value-added economic sectors in European
countries. The conducted theoretical and empirical research has
shown that the proposed new concept of human capital has a place
to be. Three dimensions of human capital, such as quality, quantity
and value, have different impacts on different sectors of European
economies. Based on empirical data, the multiple linear regression
model was chosen as a method that the best-fit structure of the data
collected. The proposed econometric model revealed that the value
of human capital is the most important component among three
having very close statistical interconnections with qualitative
dimensions. It was researched that Scandinavian countries scored
the highest level of value dimension of human capital as well as
high value-added in the economy. Open, trusted, tolerant, culturally
diverse societies create preconditions for a rise for creative culture,
which is a source for the formation of technological innovations and
adaptation in high value-added economic sectors. Moreover,
because of this value-added chain, technological innovations
penetrate traditional industries as mining brings the reduction of
cost, the increase in productivity and value-added, safety, and
shared value in society through environmental issues.