Investment in Human Capital to Promote Knowledge-Based Economy: Data Analysis in the GCC

2020 ◽  
Author(s):  
Saeed Aldulaimi ◽  
Radwan Kharabsheh ◽  
Amer Al shishany ◽  
Abdulsattar Alazzawi
Keyword(s):  
Human Capital ◽  
Data Analysis ◽  
Knowledge Based ◽  
Knowledge Based Economy

Innovative Techniques and Strategies of Skill Building for Human Resource Development in SMEs, India

2016 ◽  
Vol 2 (2) ◽  
Author(s):  
Arti Awasthi
Keyword(s):  
Human Capital ◽  
Human Resource Development ◽  
Skill Development ◽  
Education And Training ◽  
Global Competitiveness ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Key Factor ◽  
Skill Building ◽  
And Training

India has gradually evolved as knowledge based economy due to the abundance of capable, flexible and qualified human capital. With the constantly rising influence of globalization, India has immense opportunities to establish its distinctive position in the world. However, there is a need to further develop and empower the human capital to ensure the nations global competitiveness. Despite the empathetic stress laid on education and training in this country, there is still a shortage of skilled manpower to address the mounting needs and demands of the economy. Skill building can be viewed as an instrument to improve the effectiveness and contribution of labor to the overall production. It is as an important ingredient to push the production possibility frontier outward and to take growth rate of the economy to a higher trajectory. This paper focuses on skill development in Small and Medium Enterprise (SMEs) which contribute nearly 8 percent of the country's GDP, 45 percent of the manufacturing output and 40 percent of the exports. They provide the largest share of employment after agriculture. They are the nurseries for entrepreneurship and innovation. SMEs have been established in almost all-major sectors in the Indian industry. The main assets for any firm, especially small and medium sized enterprises are their human capital. This is even more important in the knowledge based economy, where intangible factors and services are of growing importance. The rapid obsolescence of knowledge is a key factor of the knowledge economy. However, we also know that for a small business it is very difficult to engage staff in education and training in order to update and upgrade their skills within continuous learning approach. Therefore there is a need to innovate new techniques and strategies of skill development to develop human capital in SME's.

scholarly journals The Delimitation of Bipolar Metropolitan Area Within the Kujawsko-Pomorskie Region

2014 ◽  
Vol 5 (2) ◽  
pp. 101-122 ◽  
Author(s):  
Mirosław Biczkowski ◽  
Iwona Müller-Frączek ◽  
Joanna Muszyńska ◽  
Michał Bernard Pietrzak ◽  
Justyna Wilk
Keyword(s):  
Data Analysis ◽  
Regional Development ◽  
Metropolitan Area ◽  
Multivariate Data Analysis ◽  
Metropolitan Areas ◽  
Linear Arrangement ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Development Levels ◽  
Dual Core

The objective of the article was to re-define the bipolar metropolitan area within the area of the Kujawsko-Pomorskie region (NUTS 2). Concentration of metropolitan features, as well as socio-economic situations of its communes (NUTS 5) in 2011, and also the dynamics of communes’ development in the period 2009-2011 were considered in the procedure of delimitation. Bydgoszcz and Toruń, as the economically strongest cities in the region, were established as the dual core of the bipolar metropolitan area. It was assumed that the determined metropolitan area would cover the best developed and the fastest developing communes which met the following criteria of a metropolitan area: neighbourhood, continuity, compactness, maximum distance and population. The development levels of the communes were determined with the use of synthetic measure. Its values were calculated considering the economic (e.g. the amount of income) and also social (e.g. unemployment) aspects of regional development, as well as features typical of metropolitan areas, such as: well-developed sectors of R&D, knowledge-based economy and serving superior services. In the research, linear arrangement methods classifying as taxonomic tools of multivariate data analysis was applied. The metropolitan area resulting from the research (BipOM) slightly differs from the Bydgoszcz-Toruń Metropolitan Area (B-TOM) which was formally appointed in 2005 and composed all of the communes located within the area of the Bydgoski and Toruński districts (NUTS 4). Chełmża and Koronowo, as the less developed communes of the districts, were excluded from the new metropolitan area, while the communes of Ciechocinek, Nakło and Unisław, belonging to the neighbouring districts of the region, were included in the BipOM due to their significant level of regional development and its dynamics. Furthermore the Inowrocław district (bordered on the BipOM) was identified as the prospective candidate for the BipOM, due to the fact that its communes demonstrate a high potential for regional development.

The Formation of Human Capital and Its Relationship With the Knowledge Society in Mexico

2019 ◽  
pp. 50-63
Author(s):  
María del Rocío Soto Flores ◽  
Ingrid Yadibel Cuevas Zuñiga ◽  
Susana Asela Garduño Román
Keyword(s):  
Human Capital ◽  
Social Life ◽  
New Technologies ◽  
Knowledge Society ◽  
Main Element ◽  
Global Level ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
The Relationship ◽  
And Training

The processes of economic globalization and accelerating technological change have led to changes in economic and social life at a global level. New technologies, such as the TICs, systems of artificial intelligence, scanning, connectivity, nanotechnology, and biotechnology, among others, have transformed the national productive structures and human capital that require technologies disruptive today. In this context, education has become the main element of the knowledge society and training of human capital that demands a knowledge-based economy. The objective of the chapter is to analyze the relationship between human capital formations in the construction of a society of knowledge in Mexico. The structure is organized in three sections: 1) an analysis of the knowledge society, 2) the formation of human capital and the institutions of higher education in the knowledge society, and 3) human capital formation and its relationship in the construction of a society of knowledge in Mexico.

scholarly journals THEORETICAL ASPECTS OF HUMAN CAPITAL AND ITS MEANING IN THE CONTEXT OF KNOWLEDGE-BASED ECONOMY

2013 ◽  
Vol 1 (5) ◽  
pp. 226
Author(s):  
Daina Znotiņa
Keyword(s):  
Human Capital ◽  
Historical Development ◽  
Positive Impact ◽  
Successful Implementation ◽  
Knowledge And Skills ◽  
Research Education ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
General Welfare ◽  
Science And Research

Human capital is closely related to the economic behaviour of an individual, especially to the way in which accumulated knowledge and skills increase person’s productivity and income, thus increasing the general welfare of a society. Within the Article, the author studies the historical development of the theory of human capital, paying attention to opinions, expressed by founders of this issue - T.Schultz and G.Becker. There are considered changes of competences of employees, growing out of transition from skills-based economy to knowledge-based economy. There is no united approach concerning researches on human capital in order to determine the content of human capital; there is a lack of unified opinion regarding its creation, therefore the author considers the interpretation of the content of human capital in scientific works of several Latvian and foreign authors. During the research, education was analyzed as one of the main elements of creation of human capital, because knowledge-based economy broadens the signification of self-education, lifelong learning; it demands improvements in the fields of science and research as well as quality improvement of working skills. As a result of successful implementation of these factors, it is possible to reach a positive impact on economic development of a region.

scholarly journals ECONOMIC GROWTH, ENERGY CONSUMPTION AND HUMAN CAPITAL FORMATION: IMPLICATION FOR KNOWLEDGE-BASED ECONOMY

2020 ◽  
Vol 10 (1) ◽  
pp. 37-43 ◽  
Author(s):  
Bosede Comfort Olopade ◽  
Henry Okodua ◽  
Muyiwa Oladosun ◽  
Oluwatoyin Matthew ◽  
Ese Urhie ◽  
...  
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Energy Consumption ◽  
Capital Formation ◽  
Human Capital Formation ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Growth Energy

scholarly journals Human capital and economic growth in Nigeria

2021 ◽  
Vol 7 (1) ◽  
Author(s):  
Sunday Anderu Keji
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Health Sector ◽  
Vector Autoregressive ◽  
Knowledge Based ◽  
Education And Health ◽  
Normality Test ◽  
Knowledge Based Economy ◽  
Long Run ◽  
Lm Tests

AbstractThe study empirically examines the nexus between human capital and economic growth in Nigeria between 1981 and 2017. This is predated by poor policy impact across the key sectors of the economy, such as education and health that would have transformed productivity to economic in Nigeria. In order to address this ugly happening, the study therefore employed vector autoregressive and Johansen techniques. The results disclosed that the estimated coefficients of human capital have long-run significant impact on economic growth in Nigeria. Also, the diagnostic tests were used to check the validity of the techniques adopted in the study. Interestingly, results from normality test, VEC residual serial correlation LM tests and VEC residual heteroskedasticity tests confirm the justification and validity of the estimated results obtained in this research. Drawing way forward, this study therefore recommends the need to sustain economic in Nigeria through increase budgetary allocation to education and health sector to boost human capital skills needed to drive knowledge-based economy. Also, government should establish special agencies with the responsibility of improving the skills and capabilities of human capital across all educational levels of the federation so as to sustain growth in the long run.

scholarly journals Human Capital and Organizational Performance Based on Organizational Innovation: Empirical Study on China

2019 ◽  
Vol 64 ◽  
pp. 156-166 ◽  
Author(s):  
Yanfeng JIANG ◽  
Yanfang JIANG ◽  
Wan NAKAMURA
Keyword(s):  
Human Capital ◽  
Organizational Performance ◽  
Organizational Innovation ◽  
High Tech ◽  
High Tech Industry ◽  
New Era ◽  
Positive Effects ◽  
Knowledge Based ◽  
Retrieval Rate ◽  
Knowledge Based Economy

It is now entering the knowledge-based economic era globally. In the new era, the real dominant resources and decisive production factors are not capital, land, or labor, but knowledge. In such an era, knowledge workers play critical roles in the business activity. Employees with knowledge would become the human capital of a company. High-tech industry has got in the giant competition era. Under the global competition and the constant innovation of knowledge-based economy, it becomes a worth discussing issue for high-tech businesses maintaining or enhancing the firm competitiveness. Aiming at high-tech industry, the supervisors and employees of high-tech businesses in Shanghai are distributed 420 copies of questionnaire. Total 322 valid copies are retrieved, with the retrieval rate 77%. The research results show significantly positive effects of 1.human capital on organizational innovation, 2.organizational innovation on organizational performance, and 3.human capital on organizational performance. According to the results, suggestions are proposed, expecting to help high-tech businesses, when encountering the challenge in the industrial environment, create more performance and benefits to achieve the sustained-yield management.

scholarly journals Intellectual entrepreneurship under a new paradigm of economic activity

2017 ◽  
pp. 83-97
Author(s):  
Halyna Ostrovska
Keyword(s):  
Human Capital ◽  
Business Model ◽  
Intellectual Capital ◽  
Economic Activity ◽  
New Paradigm ◽  
Knowledge Based ◽  
Stage Of Development ◽  
Knowledge Based Economy ◽  
Study Results ◽  
Holistic Understanding

The article theoretically grounds approaches to defining intellectual entrepreneurship as a new social phenomenon and explains its role in the formation of a knowledge-based economy. It also develops a holistic understanding of essential characteristics that intellectual entrepreneurship has acquired under a new paradigm of economic activity. The essence of intellectualization and its manifestations as well as structural and qualitative transformations of an entrepreneurial environment are highlighted. Specific features of an innovative enterprise, viewed as a key business model in a knowledge-based economy, are identified. It is emphasized that the concepts of free enterprise and intellectual entrepreneur have a new understanding. The importance of qualitative changes is underlined, and the peculiarities of intellectual entrepreneurship are determined, particularly those related to acquisition and use of advanced knowledge. The latter is considered as the most important resource. A systematic review of factors influencing the formation and development of intellectual corporate entrepreneurship is com- pleted. It is proved that under current conditions, intellectual entrepreneurship requires a new holistic approach which is based on organizational synapses created by experience or training opportunities. In addition to giving a critical analysis of development outcomes of innovative entrepreneurship, the article reveals key negative factors and trends that hinder spreading of innovative activities in domestic enterprises. The key role of intellectual capital as an inter-specific resource for the development of intellectual enterprise is emphasized, because the described business model develops on the basis of intellectual abilities of knowledge entrepreneurs, or creative class, able to serve as an engine for innovative modernization. The interdependent components of intellectual capital are divided into: human capital (people, their knowledge, education, professional competence) and innovations (intellectual product as a result of creative work). A particular attention is paid to the development of corporate culture in the context of actualization of human capital. Based on the research findings, some areas of applying the study results are suggested. In this way, the necessary preconditions for the formation of intellectual entrepreneurship will be fulfilled. The observance of them will contribute to consolidating the foundations of innovation breakthrough at the stage of development of intellectual entrepreneurship in Ukraine.

scholarly journals Seeking a potential system in managing organizational knowledge flow towards enhancing individual learning and intellectual capital

2013 ◽  
pp. 391-403 ◽  
Keyword(s):  
Human Capital ◽  
Intellectual Capital ◽  
Business Environment ◽  
Individual Learning ◽  
Business Practices ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Potential System ◽  
Different Types ◽  
The Relationship

The knowledge-based economy of today heralds an era where the business environment is characterized by complex and ever-changing conditions, driven by rapid technological advancements. With knowledge regarded as the main competitive resource, continuous learning becomes critical to firms as they try to keep up with the latest technology and business practices. Moreover, knowledge resides within individual employees, and the challenge is to ensure that knowledge is acquired, applied, and shared to benefit the firm. The situation becomes more complex when it is established that there exists different human capital in firms at any one time, differentiated based on the types of knowledge they contribute to the firm. Further, scant literature exists on the relationship dynamics between the different human capital groups and their influences on individual learning. This paper aims to propose a potential system to manage interaction between the different human capital groups within firms, and its link to enhancing different types of individual learning and intellectual capital.

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