ONE OPTION FOR THE HUMAN CAPITAL IN BOSNIA AND HERZEGOVINA: RETURN OF HQ
ONE OPTION FOR THE HUMAN CAPITAL IN BOSNIA AND HERZEGOVINA: RETURN OF HQ

Author(s): Emina Ćosić, Boriša Mraović
Subject(s): Economy, National Economy, Human Resources in Economy, Socio-Economic Research
Published by: Grupa 484
Summary/Abstract: Knowledge tends to migrate. The higher the educational attainment - the higher are the chances for some sort of (temporary, circular or permanent) international movement. It is empirically well established that highly educated individuals are more likely to migrate or to be involved in mobility schemes. Several comprehensive OECD studies on the PhD holders in OECD region for countries where data is available have clearly demonstrated that “PhD holders are indeed a highly mobile population since a large share of them lived abroad at the time of their education (prior or during doctoral studies) or afterwards during their professional life“. (Auriol, 2010, p.19). The need to track career development of PhD holders comes from an insight that this population is and should be one of the fundamental carriers of development and economic growth based on knowledge. Consequently, the OECD together with UNESCO Institute for Statistics and Eurostat launched a joint project in 2004 with the aim to develop internationally applicable indicators for comparable purposes when the doctorate holders’ careers are concerned (OECD, 2010). Although the migration pattern of MA and BA holders is not extensively followed, they are undoubtedly significant human capital, particularly being much larger in size than PhD population.

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