Is knowledge capital theory degenerate? PIAAC, PISA, and economic growth

Author(s):  
Jeremy Rappleye ◽  
Hikaru Komatsu
2001 ◽  
Vol 32 (3) ◽  
pp. 189-200 ◽  
Author(s):  
Detlef Fetchenhauer ◽  
Gerben van der Vegt

Summary: This article investigates cross-country differences in economic growth rates from a psychological perspective. Based on social capital theory it is argued that 1) financial honesty and trust are positively correlated with each other when they are aggregated on a country level and that 2) a high level of financial honesty and trust in a given country reduces transaction costs and thus stimulates economic growth. Using data from the World-Value-Surveys in 1981 and 1990 these hypotheses are empirically confirmed. The influence of social capital (i.e., financial honesty and trust) on economic growth was robust and substantial even if a number of relevant variables like gross national product (GNP), urbanization, economic inequality or the proportion of agriculture in gross domestic product were controlled. Thus, it seems worthwhile for economic psychology to further explore the influence of psychological determinants (like trust and honesty) on macroeconomic variables like economic growth or wealth.


2017 ◽  
Vol 2 (3) ◽  
pp. 11-19
Author(s):  
Jamaliah Jamaliah

Objective - Goals of economic development is to increase economic growth, increase employment opportunity, equalize income distribution, and increase standard of living which will reach out community welfare. Therefore, to achieve all those goals, programs which can enhance economic activities with high intensity are needed. It will create more job opportunities and higher income, which mean poverty can be minimalized. One of the efforts to increase economic growth and public income is to develop human capital. The research is aimed to create the development of human capital model which includes training, skill, experience, and other supports particularly creativity and innovation and regarding enhancing welfare of weaving industry's workers. Methodology/Technique - This research used quantitative and qualitative methods with primary and secondary data which were taken by interviews, questionnaires, and observation. The research took place in several villages/districts in Sambas Regency, those were Jagur, Tumuk Manggis, Tanjung Mekar, Sumber Harapan, and Sajad districts. Considering that population data was not available accurately, respondents were selected based on purposive method and was adapted with the research goal. Findings - The research showed that human capital model to develop weaving industry was very likely to be done through comprehensive development by stakeholders in Sambas Regency (government and public figures), higher education institutions, and companies (business group) so that labour income could increase. Novelty - This developed model, then, is one of means that can be used to improve welfare of weaving industrial workers so that it can be new finding for human capital theory development. Type of Paper: Empirical Keywords: Human Capital, Household Weaving Industry Development, Stakeholders. JEL Classification: J01, J08, R11.


Sign in / Sign up

Export Citation Format

Share Document