This paper is part of a project that attempts to reveal the way labour market institutions, human capital and labour productivity are interconnected. First we discuss two approaches in the human capital theory, stressing some difficulties that could be solved if the approaches are combined. It...

A firm is competitive if it can produce high quality products and services and lower costs than its competitors and internationally. Ability to compete is to do better than firms in the same industry in terms of sales, market share and profitability, capacity to achieve its strategic conduct,...