The notion that investment in human capital is associated with better economic outcomes was coined in the U.S. and is assumed to translate equally across nations regardless of countries' socio-economic and political situation. The purpose of this study is to examine whether human capital tenets hold in European countries that transitioned from…

The transition to a market economy in Albania is a relatively long and complex process. It is characterized by the demolition of old structures and the establishment of new ones, often in parallel, until a new, completely different economic system emerges. During this difficult and innovative process, a myriad of interconnected problems have…