scholarly journals Quick Job Entry or Long-Term Human Capital Development? The Dynamic Effects of Alternative Training Schemes

Author(s):  
Aderonke Osikominu
2020 ◽  
Vol 12 (3) ◽  
pp. 30-66
Author(s):  
Łukasz Bryl

AbstractObjective: The aim of this paper is to present the long-term development of the chosen human capital indices that uncovers and compares the outcome of the national efforts performed by the two culturally distant countries (China and Poland) over the decade. Additionally, paper indicates the areas of further HC progress in both nations.Methodology: The study was based on measuring human capital with the help of deliberately chosen set of macroeconomic indices (28 items) referring to the nations’ capability to create innovations. Analysis was performed for the 2007–2017 years.Findings: Positive phenomena in the case of human capital development outperform the negative ones in both countries, however, the extent is more remarkable in the case of China. China managed to: improve greatly the pupil-teacher ratio (both in primary and secondary schools), increase secondary and tertiary education enrolment rate along with the rise of the no. of students from abroad. In Poland, the greatest increase was observed in the case of the number of researchers what consequently contributed to the improvement of number of scientific and technical articles and citable documents (h-index).Value Added: To the best Author’s knowledge this is the first paper that compares national human capital development in Poland and China with a set of indices focused on capability to create innovations and adopts longitudinal approach.Recommendations: Policy-makers in the case of Poland should concentrate on: fostering university/industry research collaboration, improving rank in worldwide QS classification and performing more efforts to attract and retain talents. Moreover, the negative trends should be reversed with regard to: PISA scores and general quality of education system. In turn, Chinese authorities should facilitate better PISA scores and increase the presence of scientific and technical articles.


2018 ◽  
Vol 92 (3) ◽  
pp. 425-452 ◽  
Author(s):  
Núria Puig ◽  
Adoración Álvaro-Moya

This article explores the long-term effects of foreign direct investment on the human capital development of host economies, based on the historical analysis of the Spanish operations of four leading American firms: ITT, J. Walter Thompson, Merck Sharp & Dohme, and John Deere. Our research shows that the training and working practices of these companies had a positive impact on the Spanish subsidiaries in terms of technological upgrading and managerial development. However, the local context was also relevant, through mandatory agreements that empowered local partners from the start and the availability of locally educated professionals eager to absorb new knowledge.


Author(s):  
Martins Iyoboyi

The paper investigates the relative impact of human capital development on economic rejuvenation and growth in Nigeria form 1981 to 2010, using the bounds testing approach to cointegration. The study utilized a combined proxy of education and health to capture the influence of human capital on growing and consequently rejuvenating an economy. Fixed capital and human capital were found to be positively associated with economic growth in both the short and long run, while Granger-causing economic growth in the period of study, implying the imperatives of using them to rejuvenate an economy. The stability of the coefficients of the estimated model is confirmed by the CUSUM and CUSUMSQ tests. The paper showed that for Nigeria’s economic rejuvenation and long-term stable growth, emphasis should be placed on deliberately developing the country’s vast human resources.


Author(s):  
Martins Iyoboyi ◽  
Olarinde Muftau

The paper assesses human capital development in Nigeria through the lens of education. The study used education as proxy to capture human capital, while utilizing secondary sources of data. There is evidence that human capital development in Nigeria is inadequate and unable to galvanise the economy towards long-term stable growth. Emphasis should be placed on deliberately developing the country’s vast human resources, with particular reference to the country’s educational spectrum, if the goal of poverty alleviation, employment generation and wealth creation, all encapsulated in various policy documents over the years, are to be achieved.


Author(s):  
Colin Lindsay

Policymakers across advanced welfare states have prioritized programs to enhance the employability of unemployed people and help them to find and sustain work. In this regard, analysts have drawn attention to the difference between Work First and Human Capital Development (HCD) models. The former seek to direct people to any available job as quickly as possible; the latter seek to improve long-term employability through investments in human capital (typically via education and training). This chapter deploys a framework for comparing Work First‒ and HCD-oriented approaches to employability, identifying differences in rationales, content, and outcomes. A key conclusion is that policymakers (and indeed researchers) need to adopt a broader, more holistic view of the factors affecting the unemployed. A better understanding can inform the development of programs that combine Work First and HCD elements and address the problems that explain why some people face prolonged periods excluded from the workplace.


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