Human capital as the basis for creating a competitive advantage

Looking at the directions of changes, which have occurred in the world economy in recent years, it is possible to notice that it more relies on knowledge than on the industry. Investing only in fixed assets is no longer the only way to provide increased competitive of regions. Currently, the factor that determines development in a large scope is among others human capital. An aim of this work is to study the human capital impact on the competitiveness of regions in Poland in 2005-2014. The article has both theoretical and empirical character. The first part is a review of literature referring to the subject of work. The second part presents analysis of statistical data and panel model, which was estimated with ordinary least squares method. GRETL program was used for calculations