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.

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.

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 Wpływ inwestycji zagranicznych na kształtowanie luki technologicznej w polskich przedsiębiorstwach w branży konstrukcji spawanych w procesie integracji europejskiej

2010 ◽  
Vol 6 ◽  
pp. 78-91
Author(s):  
Danuta Janczewska
Keyword(s):  
Technology Management ◽  
Integration Process ◽  
Technological Systems ◽  
Lisbon Strategy ◽  
Knowledge And Skills ◽  
Foreign Companies ◽  
Knowledge Based ◽  
Technological Gap ◽  
Knowledge Based Economy ◽  
The Creation

The Lisbon Strategy, and building of the KBE (Knowledge Based Economy) – make faster the changes of technological systems, social and economy – on level of countries, or regions and companies. The especially accents there are into innovations, the knowledge values and co–operations, into R&D connected with economy. The main goal is to modernize technology, management and organization, environment and other areas of activity of enterprises. After year 2004 – during the integration process with EU there are the advantageous terms of approach to knowledge, technology and wide understanding innovations – by participation in EU Programs and higher level of FDI. The research of Polish steel branch show that foreign companies are more interested in innovations and going to stable lifting the knowledge and skills than polish companies. This phenomenon causes the creation of technological gap between enterprises in the same branch, and also between the different countries – for example nations belonged to „old EU” and new one countries.

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 The Role of Universities in the Knowledge based Society

2016 ◽  
Vol 22 (1) ◽  
pp. 227-232
Author(s):  
Andreea Simina Răulea ◽  
Constantin Oprean ◽  
Mihail Aurel Ţîţu
Keyword(s):  
Intellectual Property ◽  
Knowledge Economy ◽  
Public Awareness ◽  
Well Being ◽  
Successful Implementation ◽  
Knowledge Based ◽  
The People ◽  
Knowledge Based Economy ◽  
Clear Idea

Abstract As a concept, knowledge covers vast ground and has multiple meanings. In the present day, it is frequently encountered through the term ‘knowledge economy,’ which is usually used to refer to the importance of knowledge as a contemporary commodity. Public awareness of the importance of intellectual property in the information age is essential to the successful implementation and growth of the knowledge economy. Most people do not have a very clear idea about the role of intellectual property in encouraging creativity and the importance to our economic well-being. While it is necessary to increase public awareness in this area, it will not be easy. Intellectual property is typically perceived as being incomprehensible because just a little part of the people has education in this field. IP education means the skills and competences that young people can be expected to acquire in the classroom that enable them to become familiar with intellectual property, understand its potential to generate income and economic growth and lead them to respect IP rights. This paper will present the role that universities play in the development of the knowledge based economy and the need to have more educational programs in this field.

scholarly journals Knowledge-Based Economy Capacity Building for Developing Countries: A Panel Analysis in Southern African Development Community

2021 ◽  
Vol 13 (5) ◽  
pp. 2890
Author(s):  
Koketso Phale ◽  
Fanglin Li ◽  
Isaac Adjei Mensah ◽  
Akoto Yaw Omari-Sasu ◽  
Mohammed Musah
Keyword(s):  
Economic Growth ◽  
Dynamic Models ◽  
Positive Impact ◽  
Panel Data Analysis ◽  
Southern African Development Community ◽  
African Development ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Long Run ◽  
Average Impact

The Southern African Development Community is lagging behind in terms of knowledge economy relative to other regions worldwide. This dramatically reduces the chances of keeping up with their economically established counterparts in terms of sustainable development. This paper therefore, applies multivariate panel data analysis which is predicted on the Cobb–Douglas production function to analyze the affiliation flanked by knowledge-based economy pillars and economic growth from 1998–2018. The World Bank knowledge-based economy framework is employed. To achieve the study goal, the long-run effect regarding proxies of each pillar in the knowledge-based economy on economic growth is first estimated. Afterwards, the average impact of each pillar is examined using the average impact index (AII). Employment of both conventional unit root and co-integration tests showed all observed series are stationary and co-integrated. Further estimation of the long-run relationship using both static and dynamic models (fixed effect and generalized method of moment) portrayed that government effectiveness, adjusted savings on education expenditure, tertiary enrollment, scientific and technical journals, and mobile cellular subscriptions have significant positive impact on economic growth. Finally, the AII estimation unveiled that the innovation pillar is the most impactful aspect on economic growth followed by education and skills with the least being information and communication technology infrastructure. Feasible policy recommendations are further suggested.

scholarly journals The Conceptual Model of a Web Learning Portal for Small and Medium Sized Enterprises

10.28945/3234 ◽  
2008 ◽  
Author(s):  
Celina Olszak ◽  
Ewa Ziemba
Keyword(s):  
Conceptual Model ◽  
The Internet ◽  
Knowledge And Skills ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Starting Point ◽  
Web Learning ◽  
Learning Portal

The article aims at presenting a Web learning portal that allows for improving employees’ competencies in implementation of the Internet related technologies in business. Such a portal is dedicated to small and medium sized enterprises (SMEs). The starting point for considerations is in suggesting initiatives that are necessary to undertake in the SME sector in the context of the knowledge based economy. Particular attention is paid to improving employees’ competencies. Then SME needs related to improving knowledge and skills required to use the Internet in business are presented. In the context of the needs in question, a model of a Web learning portal dedicated to SMEs is suggested.

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.

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