scholarly journals TECHNOLOGY, TRADE, AND GROWTH: THE ROLE OF EDUCATION

2015 ◽  
Vol 20 (5) ◽  
pp. 1381-1394 ◽  
Author(s):  
Klaus Prettner ◽  
Holger Strulik
Keyword(s):  
Human Capital ◽  
Capital Accumulation ◽  
Trade Openness ◽  
Industrialized Countries ◽  
Economic Prosperity ◽  
Trade Model ◽  
Cross Country ◽  
Globalized World ◽  
Trade And Growth

We generalize a trade model with firm-specific heterogeneity and R&D-based growth to allow for endogenous education and fertility. The framework is able to explain cross-country differences in living standards and trade intensities by the differential pace of human capital accumulation among industrialized countries. Consistent with the empirical evidence, scale matters for relative economic prosperity as long as countries are closed, whereas scale does not matter in a fully globalized world. The average human capital of a country, by contrast, influences its relative economic prosperity irrespective of trade-openness.

scholarly journals International Trade and Human Capital Investment with Heterogeneous Firms and Workers: Modeling and Analysis

Mathematics ◽  
2021 ◽  
Vol 9 (10) ◽  
pp. 1106
Author(s):  
Jaewon Jung
Keyword(s):  
Human Capital ◽  
International Trade ◽  
Organizational Behavior ◽  
Capital Accumulation ◽  
Global Economy ◽  
Capital Investment ◽  
Investment Decision ◽  
Heterogeneous Firms ◽  
Modeling And Analysis ◽  
Trade Model

Though the importance of organizational behavior and human decision processes within firms for the firm performance has largely been recognized in the business and management literature, much less attention has been devoted to studying such implications in the international trade context. This paper develops a general-equilibrium trade model in which heterogeneous workers make an investment decision in acquiring advanced managerial skills and choose their optimal effort level based on their comparative advantage. In doing so, we show how globalization-induced human capital accumulation within firms leads to sustainable economic growth. We also show that workers’ organizational belief and CEO’s managerial vision may be an important element for the human capital formation within firms and for the performance of firms in a global economy.

scholarly journals Kuznets meets Lucas: structural change and human capital

2018 ◽  
Vol 71 (4) ◽  
pp. 848-873
Author(s):  
Edgar Cruz
Keyword(s):  
Human Capital ◽  
Structural Change ◽  
Capital Accumulation ◽  
Human Capital Accumulation ◽  
Relative Prices ◽  
Services Sector ◽  
Us Economy ◽  
The Us ◽  
Balanced Growth Path ◽  
Cross Country

Abstract This paper develops a multi-sector growth model with human capital accumulation. In this model, human capital induces structural change through two channels: changes in relative prices and changes in the investment rate of physical and human capital. We show that the specifications of the model give rise to a generalized balanced growth path (GBGP). Furthermore, We show that the model is consistent with (i) the decline in agriculture, (ii) the hump-shaped of manufacturing, (iii) the rise of the services sector, and (iv) the path of human capital accumulation in the US economy during the 20th century. Given the findings, We outline that imbalances between physical and human capital contribute to explain cross-country differences in the pace of structural change.

scholarly journals Human Capital and the Post-Capitalist Ideology

2012 ◽  
pp. 235-239
Author(s):  
O. A. Podberezkina
Keyword(s):  
Human Capital ◽  
International Relations ◽  
Coherent System ◽  
Political Transformation ◽  
Globalized World ◽  
Capitalist Ideology

The article analyzes the reasons for the lack of a coherent system of views with the Russian elite and society in the development of the country and its place in the modern international relations, the role of LFO in the socio-economic and political transformation of the country, the main features of the ideology that is capable of justify the strategy of Russia's entry into the globalized world.

English Apprenticeship: A Neglected Factor in the First Industrial Revolution

2006 ◽  
Author(s):  
Jane Humphries
Keyword(s):  
Human Capital ◽  
Transaction Costs ◽  
Social Exclusion ◽  
Capital Accumulation ◽  
Industrial Revolution ◽  
Contract Enforcement ◽  
Human Capital Accumulation ◽  
Poor Children

This chapter examines the role of apprenticeship in the British Industrial Revolution. The apprenticeship system contributed in four ways. First, it provided training of necessary skills in the expanding area of employment and newer sectors. Second, it promoted efficient training among masters and men. Third, it reduced the transaction costs involved in transferring resources from agriculture to non-agriculture and facilitated the expansion of sectors which promoted trade and commerce. Finally, apprenticeship saved poor children from social exclusion and enabled them to become more productive adults. The chapter also suggests that the apprenticeship system also created a structure of contract enforcement which ensured that both masters and trainees would derive the benefits from human capital accumulation.

scholarly journals Human Capital and the Wealth of Nations

2014 ◽  
Vol 104 (9) ◽  
pp. 2736-2762 ◽  
Author(s):  
Rodolfo E. Manuelli ◽  
Ananth Seshadri
Keyword(s):  
Human Capital ◽  
Demographic Variables ◽  
Factor Productivity ◽  
Rates Of Return ◽  
Capital Theory ◽  
Country Differences ◽  
Cross Country ◽  
Wealth Of Nations

We reevaluate the role of human capital in determining the wealth of nations. We use standard human capital theory to estimate stocks of human capital and allow the quality of human capital to vary across countries. Our model can explain differences in schooling and earnings profiles and, consequently, estimates of Mincerian rates of return across countries. We find that effective human capital per worker varies substantially across countries. Cross-country differences in Total Factor Productivity (TFP) are significantly smaller than found in previous studies. Our model implies that output per worker is highly responsive to changes in TFP and demographic variables. (JEL E23, I25, J24, J31, O47)

scholarly journals Contabilidade e o Capital Intelectual: uma revisão de literatura para compreender sua relação

10.5007/32881 ◽  
2016 ◽  
Vol 12 (26) ◽  
pp. 51 ◽  
Author(s):  
Caroline Rodrigues Vaz ◽  
Paula Regina Zarelli ◽  
Mauricio Uriona Maldonado
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Resource Management ◽  
Human Resource Management ◽  
Human Resource ◽  
Web Of Science ◽  
De Se ◽  
Cross Country

<p>http://dx.doi.org/10.5007/2175-8069.2015v12n26p51</p><p>Este trabalho teve como objetivo realizar um mapeamento das características das pesquisas científicas desenvolvidas com o propósito de verificar a relação da Contabilidade e o Capital Intelectual. Esta pesquisa classifica-se como bibliográfica, qualitativa, descritiva e exploratória. Foi utilizado o método <em>ProKnow-C</em>, na base de dados <em>Web of Science</em> em 2014, encontrando 1.220 artigos; após a filtragem contou com 85 artigos. Na análise bibliométrica o periódico relevante foi <em>International Journal of Human Resource Management</em>. O autor que se destacou foi Lopez Ruiz. O artigo com relevância acadêmica foi <em>The role of human-capital in economic development evidence from aggregat cross-country data</em>, com 2.990 citações<em>. </em>Conclui-se que há relação da Contabilidade com o Capital Intelectual, pois este surgiu dentro da Contabilidade pela necessidade de se avaliarem os recursos intangíveis como o conhecimento humano, as habilidades, suas experiências e os entendimentos dos processos realizados dentro da empresa.</p>

scholarly journals Labor regulation and corporate governance: A comparative overview

2014 ◽  
Vol 3 (1) ◽  
pp. 69-83
Author(s):  
Mirella Damiani
Keyword(s):  
Corporate Governance ◽  
Human Capital ◽  
Balance Of Power ◽  
Labor Regulation ◽  
Shareholder Protection ◽  
Cross Country ◽  
Critical Overview ◽  
Labour Regulation

The literature aimed at exploring labor regulation and cross-country comparisons has left partly unexplored two major points: the first concerns potential complementarities or substitutions between patterns of shareholder protection and labour regulation. The second point concerns the role of a comprehensive set of labour rules which contemplates not only employment-unemployment provisions and payoff rights, but also rules and institutional devices which influence employee investments in human capital and have the effect of tying the fortunes of the employee together with those of the firm. The paper offers a critical overview of some selected studies that have started at considering labour institutions for their influence on the ‘balance’ of power inside the firm, between owners, management, and employees.

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