Towards understanding the triangular relationship between technology innovation, human capital and economic growth in South Africa

2022 ◽  
Vol 14 (3) ◽  
pp. 1
Author(s):  
Yusuf Opeyemi Akinwale
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Human Capital ◽  
Technology Innovation ◽  
Triangular Relationship

Technology Innovation, Human Capital and R&D Effects on Economic Growth

2017 ◽  
Vol 21 (1) ◽  
pp. 201-219 ◽  
Author(s):  
Woo Ri Lim ◽  
Chae Deug Yi
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Technology Innovation

scholarly journals Impact of foreign direct investment on economic growth in Africa

2016 ◽  
Vol 14 (2) ◽  
pp. 289-297 ◽  
Author(s):  
Olawumi D. Awolusi ◽  
Olufemi P. Adeyeye
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Human Capital ◽  
Foreign Direct Investment ◽  
Technology Transfer ◽  
Direct Investment ◽  
Central African Republic ◽  
Capital Formation ◽  
International Technology Transfer ◽  
African Countries

Several studies have been conducted to examine the influence of foreign direct investment (FDI) inflow on economic growth. Indeed, the overall evidence is best characterized as mixed. This paper investigates the effect of FDI on economic growth in some randomly selected African economies from 1980 to 2013, using a modified growth model by Agrawal and Khan (2011). This model consists of Gross Domestic Product, Human Capital, International Technology Transfer, Labor Force, FDI and Gross Capital Formation (GCF). Ordinary least squares and generalized method of moments were used as the estimation techniques. Of all the results, only Gross Capital Formation, Human Capital, and International Technology Transfer in the Central African Republic were found not to have any statistically significant influence on economic growth. In general, the impact of FDI on economic growth in African countries is limited or negligible. Consequently, this study observes that a 1% increase in FDI would result in a 0.12% increase in GDP for South Africa, a 0.05% increase in Egypt, a 0.03% increase in Nigeria, a 0.02% increase in Kenya, and a 1% increase in GDP in the Central African Republic. The findings also reveal that South Africa’s growth is more affected by FDI than the other four countries. The study also provides possible reasons behind South Africa’s great show of FDI and the lessons other African countries could learn from South Africa better utilization of FDI. This study integrates the related drivers of the effectiveness and success of FDI

scholarly journals Human Capital Development and Economic Growth in BRICS Countries: Controlling for Country Differences

2019 ◽  
Vol 11 (4(J)) ◽  
pp. 1-17
Author(s):  
Awolusi D. Olawumi
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Human Capital ◽  
Developing Economies ◽  
Generalized Method Of Moments ◽  
Pairwise Comparison ◽  
Least Square ◽  
Human Capital Development ◽  
Country Differences ◽  
Capital Development

This paper investigates the effect of human capital development on economic growth, as well as controlling for country differences, in the BRICS economies – from 1990 to 2017. Ordinary Least Square (OLS) and Generalized Method of Moments (GMM) were used as the estimation techniques. We use one-way ANOVA and Scheffe pairwise comparison tests to understand how human capital development differed between each pair of countries. Findings suggest that the effect of human capital development on economic growth, though significant, was limited in these countries. A comparative analysis of results showed that China, Brazil and Russia were able to utilise their human capital to enhance economic growth more efficiently than South Africa and India. Consequently, this study observed that a 1% increase in government expenditure on education would result in a 0.13% increase in GDP for China, a 0.06% increase in Russia, a 0.07% increase in Brazil, a 0.04% increase in South Africa, and a 0.01% increase in GDP in India. In addition, the study concluded that human capital development practices differ in all the countries. Although this result was previously implied in the literature, comparison of a comprehensive list of human capital development practices among countries was lacking. Overall, the paper argues that the classical theory of economic growth, in combination with the new theory, and also the theory of market value, will not only help sustain a strategy tripod, but also shed significant light on the most fundamental questions confronting human capital development and economic growth in many developing economies.

scholarly journals Human capital and economic growth in South Africa: A cross-municipality panel data analysis

2021 ◽  
Vol 24 (1) ◽  
Author(s):  
Nicholas Ngepah ◽  
Charles S. Saba ◽  
Ntombomzi G. Mabindisa
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Human Capital ◽  
Data Analysis ◽  
Panel Data ◽  
Panel Data Analysis

Human Capital and Economic Growth: The Quest for the most Relevant Level of Education in Pakistan

2010 ◽  
Author(s):  
Faisal Sultan Qadri ◽  
Syed Jawaid ◽  
Imtiaz Arif ◽  
Sohail Majeed
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Level Of Education ◽  
Relevant Level

Human Capital Accumulation and Resource Abundance

2011 ◽  
pp. 66-77
Author(s):  
O. Vasilieva
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Capital Accumulation ◽  
Relevant Literature ◽  
Harmful Effect ◽  
Human Capital Accumulation ◽  
Resource Abundance ◽  
Empirical Results ◽  
Theoretical Predictions ◽  
Crowd Out

Does resource abundance positively affect human capital accumulation? Or, alternatively, does it «crowd out» the human capital leading to the deterioration of economic growth? The paper gives an overview of the relevant literature and discusses both theoretical and empirical results obtained regarding the connection between human capital accumulation and resource abundance. It shows that despite some theoretical predictions about the harmful effect of resource abundance on human capital accumulation, unambiguous evidence of such impact that would be robust with respect to the change of resource abundance parameter has not been obtained yet.

The impact of investment in human capital on economic growth in Iraq

2019 ◽  
Vol 263 (1) ◽  
pp. 331-337
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
The Impact

THE ROLE OF HUMAN CAPITAL IN GAINING AND SUSTAINING COMPETETIVE ADVANTAGE OF COMPANIES

2018 ◽  
Vol 28 (5) ◽  
pp. 1557-1562
Author(s):  
Visar Ademi
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Private Sector ◽  
Small Businesses ◽  
Formal Education ◽  
Good Practice ◽  
Education Institution ◽  
Business Community ◽  
Guest Speaker ◽  
Practical Training

In today’s global competitive arena the term “knowledge economy” is no mere slogan. It points to the very real fact that economic activities are increasingly knowledge intensive and that in this globalized world, success will come to those that are able to generate and harness knowledge in order to stay ahead of the pack. Research shows that in economies that do not have sufficient infrastructure, natural resources or may be designed as high cost base locations, comparative advantage has shifted to knowledge-based activities that cannot be transferred around the world without a significant cost. High knowledge and skills based economies will most likely be able to attract and retain investments in industries with a strong future. It is no secret that good education lies at the heart of economic growth and development. At the same time, improving the quality and relevance of education is enormously difficult not least because there is no one single policy measure that will do so effectively.Macedonia is not exclusion to this fact. The Macedonia’s employers and employees face a huge talent management dilemma. Analyses by all relevant institutions (World Bank, NGOs) and interviews with multiple representatives from the private sector companies indicate that while the labor pool is growing (supply side), it does not provide the skills needed by employers (demand side) so, that they could be competitive and further grow in today’s market. Employers are nearly unified in their criticism of an education system that produces graduates with limited practical experience and no soft skills transferable to the workplace. This is largely due to a lack of experiential education, competency based curricula, pragmatic guidance, which fails to meet the needs of the business community. The burden falls most often on employers to provide practical training, usually on the job. While in-company training is good practice, the scale of the skill gap requires a cost and internal training capability that many enterprises cannot afford, creating a disincentive for businesses to hire new employees.The dilemma has impacted job seekers (official unemployment in Macedonia is around 28% as of December 2017) and contributes to lower overall economic growth. It is especially problematic for micro and small enterprises (MSEs), which make up a large proportion of employment in Macedonia. MSE size and limited capacity makes their employees skills, experience and multitasking capabilities that much more critical for growth. Additionally, MSEs often lack the resources necessary to effectively train and maximize the productivity of their staff. As a result, sustained employment growth within Macedonia must include the development of a pipeline of skilled employees for microenterprises, including bolstering the capacity of small businesses to organize and train their workers. On the other side, the formal education institution dislike they way the private sector manages their employees. According to many of them, this is due to the fact that companies believe that their performance in the market is not directly linked with the human capital performance. In addition, education holds to the belief that private sector companies are not engaged enough in creating the next pool of talents in Macedonia. When they are invited to participate in the classrooms as expert of guest speaker, hire or engage students they show little interest. To conclude, the education institution believes that private sector companies in Macedonia consider the investment in human capital as a cost and not an investment.

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