scholarly journals Innovative Technologies of Human Capital Development of Children with Disabilities

2021 ◽  
pp. 74-83
Author(s):  
Nataliya Mikhaylova ◽  
Inna Litvinenko
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Social Services ◽  
Children With Disabilities ◽  
Main Element ◽  
Human Capital Development ◽  
Socially Disadvantaged ◽  
New Strategy ◽  
High Level ◽  
Capital Development

Building up human capital is the main element of the Russian regions’ strategic development, since it is a necessary basis for economic growth. Achieving high economic performance without state influence on human capital at the present stage is not possible. The article is devoted to the problem of human capital development in the context of demographic crisis in Russia, the peculiarities of migration and the high level of disabled people among employable population. Theoretical and methodological foundations of human capital formation are analyzed in the context of the need to increase the innovativeness of the Russian economy. The authors identified innovative approaches to the formation of human capital of children with disabilities in the process of obtaining education and achieving acmeological growth. The basis of the policy of increasing human capital should be an updated and objectively formed strategy for the socio-economic development of the territory. The main element of the new strategy should be measures aimed at economic growth, increasing the productivity of economic entities in the region, increasing budget profitability, and increasing the financial security of socially disadvantaged categories of citizens. The development of education, healthcare and social services should be additional elements of the region’s policy of increasing human capital.

scholarly journals The Dynamics of Foreign Direct Investment in BRICS Countries

2017 ◽  
Vol 9 (3(J)) ◽  
pp. 101-112
Author(s):  
Kunofiwa Tsaurai
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Foreign Direct Investment ◽  
Financial Development ◽  
Direct Investment ◽  
Fixed Effects ◽  
Trade Openness ◽  
Human Capital Development ◽  
Brics Countries ◽  
Capital Development

Recent studies which investigated the determinants of foreign direct investment (FDI) in BRICS include Hsin-Hong and Shou-Ronne (2012), Nandi (2012), Jadhav (2012), Darzini and Amirmojahedi (2013), Nischith (2013), Ho et al. (2013), Kaur et al. (2013) and Priya and Archana (2014). The findings from these studies shows lack of consensus and confirm that a list of agreeable determinants of FDI in BRICS countries is still an unsettled matter. This paper was therefore initiated in order to contribute to the debate on the discourse on FDI determinants in BRICS countries.This paper deviates from earlier similar studies in five ways: (1) uses most recent data, (2) is the first to investigate whether a combination of financial development, trade openness, human capital, economic growth and inflation influence FDI in BRICS countries, (3) uses different proxies of the variables that affect FDI, (4) employed both fixed effects and pooled ordinary least squares (OLS) approaches and (5) used a stacked data approach.The results of the study showed that economic growth, trade openness and exchange rate stability positively impacted on FDI, financial development positively influenced FDI under fixed effects, FDI was positively influenced by human capital development using the pooled OLS and inflation negatively affected FDI in line with literature. Taking into account these findings, this study urges BRICS to implement policies that increase financial sector efficiency and economic growth, maintain stable exchange rates, keep inflation rates at lower levels, enhance trade openness and human capital development in order to increase FDI inflows.

scholarly journals Sources of Economic Growth in Zambia: An Empirical Investigation

2017 ◽  
Vol 18 (2) ◽  
pp. 275-290 ◽  
Author(s):  
Themba G. Chirwa ◽  
Nicholas M. Odhiambo
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
International Trade ◽  
Foreign Aid ◽  
Development Aid ◽  
Human Capital Development ◽  
Long Run ◽  
Short Run ◽  
Capital Development ◽  
Macroeconomic Determinants

In this article, the key macroeconomic determinants of economic growth in Zambia are investigated using the autoregressive distributed lag (ARDL) bounds testing approach. The study has been motivated by the unsustainable growth trends that Zambia has been experiencing in recent years. Our study finds that the key macroeconomic determinants that are significantly associated with economic growth in Zambia include, amongst others, investment, human capital development, government consumption, international trade and foreign aid. The study’s results reveal that in the short run, investment and human capital development are positively associated with economic growth, while government consumption, international trade and foreign aid are negatively associated with economic growth. However, in the long run, the study finds investment and human capital development to be positively associated with economic growth, while only foreign aid is negatively associated with economic growth. These results have significant policy implications. They imply that short–run economic policies should focus on creating incentives that attract investment and increase the quality of education, the effectiveness of government institutions, the promotion of international trade reforms and the effectiveness of development aid. In the long run, development strategies should focus on attracting the accumulation of long-term investment, improving the quality of education and the effectiveness of development aid.

scholarly journals Differences in the Development and Investment in Human Capital in the Member States of the European Union

2012 ◽  
Vol 15 (2) ◽  
pp. 79-99
Author(s):  
Zbigniew Przygodzki
Keyword(s):  
Human Capital ◽  
Development Policy ◽  
The European Union ◽  
Human Capital Development ◽  
National Differences ◽  
Development Processes ◽  
Eu Policies ◽  
Low Efficiency ◽  
High Level ◽  
Capital Development

Human capital and knowledge are most important factors of current development processes, contributing to the innovativeness and competitiveness of the economies. The important role of these factors was underlined also in Europe 2020 Strategy. However, due to immaterial character of investment in human capital and because of the high level of decentralization of human capital development policy, these actions are characterized by a relatively low efficiency. Thus, the aim of this paper is firstly to identify the importance of human capital development policy within EU policies. Secondly, it is to identify and conduct a comparative analysis of national differences in human capital development and to identify points of reference for key measures of the development in question. Thirdly, this paper is to specify models of human capital development policy from the perspective of how much involved local authorities are in its implementation and efficiency.

scholarly journals Trade Openness and Economic Growth in Malaysia

2017 ◽  
Vol 52 (3) ◽  
pp. 157-170 ◽  
Author(s):  
Keshmeer Makun
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Trade Openness ◽  
Decision Makers ◽  
Economic Policies ◽  
Human Capital Development ◽  
Full Benefit ◽  
Capital Development ◽  
Positive Effect ◽  
Econometric Technique

This study is an attempt to examine the effects of trade openness along with two other conditioning variables on economic growth in Malaysia by applying time-series econometric technique. LSE-Henry’s general to specific approach results show significant positive effect of trade openness on growth. Human capital and good economic policies tested with an interaction term increases the growth effects of trade openness. The addition of these variables and findings are significant statistically and robust to different specifications. On the basis of the findings, it is concluded that while trade openness enhance growth, decision makers should also focus on human capital development. In addition, decision makers should ensure good economic policies to take full benefit of trade openness.

scholarly journals Selected macroeconomic determinants and economic growth in Cameroon (1970–2018) “dead or alive” an ARDL approach

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Kesuh Jude Thaddeus ◽  
Chi Aloysius Ngong ◽  
Njimukala Moses Nebong ◽  
Akume Daniel Akume ◽  
Jumbo Urie Eleazar ◽  
...  
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Government Expenditure ◽  
Human Capital Development ◽  
Content Type ◽  
Capital Development ◽  
Macroeconomic Determinants ◽  
The Impact

PurposeThe purpose of this paper is to examine key macroeconomic determinants on Cameroon's economic growth from 1970 to 2018.Design/methodology/approachData were obtained from the World Development Indicators and applied on time series data econometric techniques. The auto-regressive distributed lag (ARDL) bounds model analyzed the data since the variables had different order of integration.FindingsThe results showed long and short runs’ positive and significant connection between economic growth in Cameroon and government expenditure; trade openness, gross capital formation and exchange rate. Human capital development, foreign aid, money supply, inflation and foreign direct investment negatively and significantly affected economic growth in the short and long-runs. Hence, the macroeconomic indicators are not death.Research limitations/implicationsThe present research paper has tried to capture the impact of nine macroeconomic determinants on economic growth such as the government expenditure (LNGOVEXP), human capital development (LNHCD), foreign aids (AID), trade openness (LNTOP), foreign direct investment (LNFDI), gross capital formation (INVEST), broad money (LNM2), official exchange rate (LNEXHRATE) and Inflation (LNINFLA). However, these variables have the tendency to affect each other in a unidirectional or bidirectional manner. Further, the present research paper is unable to capture the impact of other macroeconomic variable due to the unavailability of data.Practical implicationsThe study recommends that Cameroon should use proper planning and strategic policy interventions to achieve higher sustainable economic growth with human capital development, foreign aid, money supply, foreign direct investment and moderate inflation.Social implicationsMacroeconomic indicators, if managed well, increase economic growth.Originality/valueThis paper to the best of the researcher's knowledge presents new background information to both policymakers and researchers on the main macroeconomic determinants using econometric analysis.

scholarly journals Economic Planning and Human Capital Development in Nigeria

2018 ◽  
Vol 1 (1) ◽  
pp. 9-20
Author(s):  
Ewubare, Dennis Brown
Keyword(s):  
Human Capital ◽  
Life Expectancy ◽  
Social Services ◽  
Public Expenditure ◽  
Economic Planning ◽  
Human Capital Development ◽  
Causality Test ◽  
Gender Parity ◽  
Primary And Secondary Education ◽  
Capital Development

This study provides econometrics evidence linking economic planning process to human capital development in Nigeria. The specific objectives focused on the effects of planned investments on education, healthcare delivery and community and social services on human capital development in Nigeria over the period 1990-2016. Data collected from Central Bank of Nigeria Statistical Bulletin were analyzed using Fully Modified Least Squares and Granger Causality test in addition to augmented Dickey Fuller unit root and Johansen-Juselius test. The results of the unit root tests show that only life expectancy is stationary at levels while the other variables in the model become stationary at first difference. The cointegration tests results revealed that the variables in each of the models have long run relationship. The regression result in shows that planned expenditure on education has weak significant positive impact on life expectancy. This finding aligns with the theoretical expectation as economic planning that increases budgetary allocation to the education sector is expected to increase the level human capital of the population and in turn increase their opportunities of living a long and healthy life. The results further show that public investment in the education sector generates positive outcomes on gender parity index for gross enrollment ratio in primary and secondary education in Nigeria. The Granger causality test shows that unidirectional causality runs from public expenditure on social and community services to life expectancy and from public expenditure on education to gender parity index for gross enrollment ratio in primary and secondary education. Therefore, it is recommended that policy makers should ensure that economic planning in Nigeria continues to prioritize medium and long term investments on education in addition to community and social services in order to enhance pace of human development.

Human Capital Development and Economic Growth in Developing Economies

2018 ◽  
Author(s):  
Alexander Ayertey Odonkor ◽  
Kwaku Asiedu-Nketiah ◽  
Eric Oyemam Ato Brown ◽  
Mohammad Mamun Miah
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Developing Economies ◽  
Human Capital Development ◽  
Capital Development
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