scholarly journals Achievements against problems: for 60th anniversary of human capital theory

2021 ◽  
Vol 2021 (4) ◽  
pp. 7-14
Author(s):  
Elena Viktorovna Krasova
Keyword(s):  
Human Capital ◽  
Labor Market ◽  
Capital Accumulation ◽  
Human Capital Theory ◽  
60Th Anniversary ◽  
Human Capital Development ◽  
Capital Theory ◽  
Positive Effects ◽  
Structural Problems ◽  
Capital Development

The article considers the most important achievements of the human capital theory. Taking into account the theory’s versatility and ambiguity of approaches to its main theses, advisability of a systemic view on its evolution and role in modern science is indicated. The 60th anniversary of the official birth of the theory in 1962 was taken as a special reason for rethinking its achievements. There are given the main scientific human capital theory’s results, which expanded, deepened and supplemented the scientific knowledge over the period from the end XX century until the beginning of the XXI century. Among the results are the increasing importance of investments in human development, development of economic growth theories, classification and systematization of human productive qualities, development of interdisciplinary researches of human being and human capital, accumulation of empirical researches’ data bases, optimization of investment policies in different countries and regions, actualization of studying trends and problems in the field of science and education, development of futuristic ideas, extension of labor market researches, improvement of the personnel management theory and methodology. It has been emphasized that the existence of modern approaches to human capital development does not mean their widespread implementation in practice: an objective reality imposed by many factors does not always contribute to the effective use of individuals’ productive qualities. For Russia there are singled out the following factors: the economy’s structural problems, imbalances in supply and demand in the labor market, discrepancy between available human capital and quality of jobs, and some other factors that can neutralize positive effects of the human capital development.

VALUE-SEMANTIC ECONOMY

ASJ. ◽  
2020 ◽  
Vol 1 (40) ◽  
pp. 53-57
Author(s):  
A.V. Kurbatov A.V., ◽  
L.A. Kurbatova
Keyword(s):  
Human Capital ◽  
High Efficiency ◽  
Human Capital Development ◽  
Capital Theory ◽  
The Sustainable Development ◽  
External Resources ◽  
Internal Resources ◽  
Value Determination ◽  
High Dynamics ◽  
Capital Development

The continuing build-up in the speed of deepening of the global economic crisis, driven by just as fast drop in quantity of the external resources calculated per inhabitant of our planet, forces us to refer to internal resources in order to prevent the irreversible losses, to overcome the crisis and ensure the sustainable development. Beginning from the second half of the 20-th century, the hopes for efficient deployment of internal resources have been laid on the development of the human-capital theory. However, despite the intensive change in perception of the very concept of "human capital" and a wide scope of innovative models of its practical application, aimed at bringing the economy out of stagnation, the desired outcome is not achieved. The trend of transferring of the bulk of investments to human capital, at the expense of the share of investments spent on increased production, has proved insufficient. The analysis of causes of ultra-high risks of investments in increase of human capital has helped to determine that the models, which are used currently, do not take into account some of the fundamental patterns, which ensure the high efficiency of investment in human capital. Most of the models are based on application of the methods of situational governance, which, at best, have a short-term positive effect. This trend results from the insufficient awareness of managers of the fundamental patterns of human capital development, which deprives the investors of the possibility to benefit from the optimal combination of the situational governance with relevant long-term programs, which can steadily increase human capital. The researches of the fundamental patterns of human capital development have shown, that the main factor for achieving the high efficiency of investment in human capital is the correct organization of the processes of value determination of the subjects of economic activity and the transition from the value determination to value-semantic determination, thus ensuring guaranteed attainment of goals along with high dynamics of resources. The work presented here is dedicated to the method of managing the quality of human capital, which is hereafter referred to as value-semantic economy.

Organisational Learning Capability of Malaysia SMEs: Examining the Effects of Entrepreneurial Orientation and Human-Capital Development Practices

2008 ◽  
Vol 07 (04) ◽  
pp. 219-230 ◽  
Author(s):  
Kwang Sing Ngui ◽  
Peter Songan ◽  
Kian Sam Hong
Keyword(s):  
Human Capital ◽  
Entrepreneurial Orientation ◽  
Structural Equation ◽  
Organisational Learning ◽  
Western Hemisphere ◽  
Equation Modeling ◽  
Human Capital Development ◽  
Learning Capability ◽  
Positive Effects ◽  
Capital Development

The current study built and empirically tested a model of the relationships between selected organisational variables, Organisational Learning (OL) capability and performance in the context of small- and medium-sized enterprises (SMEs) in Malaysia. Theoretical advances in the OL domain have been based on the experiences of large organisations in the western hemisphere. In response, the study focuses on analysing the OL capability of SMEs in a transitional economy, namely Malaysia. Structural equation modeling was applied to analyse the datasets from 256 manufacturing and services SMEs. Statistical results showed that entrepreneurial orientation and human-capital development practices have direct positive effects on SMEs' OL capability. It was further found that human-capital development practices mediated the relationship between entrepreneurial orientation and OL capability. This implied that while entrepreneurial orientation fosters the need for a strong OL capability, human-capital development practices serve as the mechanisms for developing such capability. Lastly, empirical evidence was provided to support the notion that OL capability enhances the performance of SMEs.

scholarly journals Domestic Resource Mobilization and Human Capital Development in Sub- Saharan Africa

2021 ◽  
Vol 27 (4) ◽  
pp. 504-533
Keyword(s):  
Human Capital ◽  
Capital Accumulation ◽  
Resource Mobilization ◽  
Human Capital Accumulation ◽  
Human Capital Development ◽  
Long Run ◽  
Short Run ◽  
Two Measures ◽  
Capital Development ◽  
Domestic Resource

This study investigates the nexus between domestic resource mobilization using aggregated and disaggregated taxes, and human capital accumulation as measured by the index of human capital and total factor productivity. The study explores panel Autoregressive Distributed Lag. We further explore the linear and nonlinear effects of taxes on human capital accumulation. The results from the scatterplots show that taxes at aggregate and disaggregated levels positively correlated with the two measures of human capital. On the linear analysis, the impact of aggregated and disaggregated taxes is largely negative under the index of human capital but largely positive under the second measure in the short-run. However, the long-run results indicate that aggregate and disaggregated taxes significantly amplify human capital accumulation. On nonlinearity, there is no presence of human capital laffer curve (HCLC) in the short-run under the two measures of human capital. However, there is presence of HCLC in the long-run. The net effects results show that some taxes (such as indirect taxes, taxes on goods and services) are distortionary in improving the level of human capital development while some taxes (such as total tax, direct tax, taxes on income, profit, and gains) can distort human capital development in the SSA region.

scholarly journals 60 Years of Human Capital Theory: Applying Classical Theory to the Analysis of the Modern Labor Market

2020 ◽  
Vol 12 (4) ◽  
pp. 34-43
Author(s):  
O. A. Ivanova
Keyword(s):  
Human Capital ◽  
Labor Market ◽  
Organizational Behavior ◽  
Empirical Studies ◽  
Interdisciplinary Approach ◽  
Integrated Approach ◽  
Human Capital Theory ◽  
Theoretical Development ◽  
Capital Theory ◽  
General Management

In this study, the author analyzes new trends in the development of the human capital theory and offers an interdisciplinary approach to the application of the human capital concept for the analysis of the modern labor market and labor relations. Over the 60 years of its existence, the theory of human capital has not only been tested in numerous empirical studies, but also received further theoretical development due to the inclusion of scientific insights from related fields, such as social psychology, organizational behavior, economic sociology, human resource management, strategic and general management. An integrated approach to the study of human capital allows us to expand our understanding of the role that an individual plays in the production process and its impact on the economic outcomes of organizational activities.

scholarly journals PROFESSIONAL EDUCATION AND HUMAN CAPITAL DEVELOPMENT DIFFICULTIES IN GEORGIA UNDER THE MODERN GLOBALIZATION TERMS

2018 ◽  
pp. 211-217
Author(s):  
MURMAN TSARTSIDZE
Keyword(s):  
Human Capital ◽  
Labor Market ◽  
Educational System ◽  
Professional Education ◽  
Market Potential ◽  
Human Capital Development ◽  
Correct Orientation ◽  
Potential Formation ◽  
Capital Development ◽  
Effective Use

Unfortunately, in the epoch of modern globalization, the main priority of the country is still the unemployment and the poverty overcoming. In such situation it is clear, that the economic development and the significant improvement of the population’s living standards cannot be achieved without human resources development, effective use of the labor potential, formation of civilized labor market and organization of the professional educational system according to the modern standards. The latter should favor the development of the main state strategy task – labor force oriented to the labor market demands and accordingly, the human capital development, significant increase of the competitiveness in the local and international markets. Proceeding from the actuality of the issue, in the work the role of education, especially the professional education, as the social-cultural phenomena is considered. The main problems and challenges of the field are studied. We have documented that in the terms of modern globalization the level, quality of functioning of the professional educational system and its correct orientation towards the labor market demands to determine the human capital development in the country, labor market potential their quality perfection and their use prospective.

The Performance Rewards of Human Capital Development in the Federal Government

2021 ◽  
pp. 009102602110398
Author(s):  
Andrew Wesemann
Keyword(s):  
Human Capital ◽  
Human Capital Development ◽  
Managerial Practices ◽  
The Public ◽  
Positive Effects ◽  
Dynamic Relationship ◽  
Econometric Analyses ◽  
Capital Development ◽  
The Impact ◽  
The U.S

Human capital is one of the most vital assets an organization possesses. Research has demonstrated that human capital is directly related to performance. Thus, there is a clear incentive for organizations to grow their human capital levels. Not surprisingly, then, organizations have created and employed a wide variety of managerial practices focused on further developing human capital within their employees. Yet even as the U.S. government faces forthcoming human capital shortages due to the ongoing retirements of a large segment of its workforce, empirical research investigating the impact of commonly used human capital development practices on performance in the public sector is scarce. Therefore, to gain a deeper understanding of this dynamic relationship, using U.S. federal personnel data, this study analyzes the impact of human capital development practices on agency performance. The results of longitudinal econometric analyses suggest that human capital development practices have positive effects on agency performance.

scholarly journals Surviving through Incubation Based on Entrepreneurship-Specific Human Capital Development: The Moderating Role of Tenants’ Network Involvement

2019 ◽  
Vol 11 (10) ◽  
pp. 2866
Author(s):  
Li Zhang ◽  
Ping Gao ◽  
Yongtao Zhou ◽  
Yuchuan Zhang ◽  
Junhua Wang
Keyword(s):  
Human Capital ◽  
Family Background ◽  
Moderating Effects ◽  
Human Capital Development ◽  
Capital Theory ◽  
Capital Development ◽  
Specific Human Capital ◽  
The Relationship ◽  
Moderating Role

Drawing upon human capital theory and the co-production view of business support processes, this paper investigates the moderating effects of network involvement on entrepreneurship-specific human capital (ESHC) that determines the tenants’ survival in an incubator. Longitudinal data between 2006 and 2009 of 71 ventures located in an incubator in China have been collected and analyzed. The research confirms that network involvement strengthens the influence of entrepreneurial experience on tenants’ successful graduation, but does not impact the relationship between entrepreneurial family background and tenants’ graduation.

Determinants of Success in University Careers: Findings from the German Academic Labor Market / Erfolgsfaktoren in der Wissenschaft – Ergebnisse aus einer Habilitiertenbefragung an deutschen Universitäten

2013 ◽  
Vol 42 (1) ◽  
Author(s):  
Monika Jungbauer-Gans ◽  
Christiane Gross
Keyword(s):  
Human Capital ◽  
Labor Market ◽  
Citation Index ◽  
Applied Mathematics ◽  
Human Capital Theory ◽  
Occupational Prestige ◽  
Capital Theory ◽  
Academic Labor Market ◽  
Academic Labor ◽  
Number Of Publications

SummaryWhat factors determine the chances of being appointed to a chair in Germany? We propose to derive hypotheses from discrimination theory, social and human capital theory, and the signaling approach. In a survey we sampled scholars from mathematics, law and sociology who had completed their Habilitation (“second book”) from 1985 and 2005 at West German universities. A young age at the time of completion of the Habilitation is beneficial across all disciplines. In sociology, the number of publications included in the Science Citation Index is the most important factor in attaining a chair, and women are at an advantage when they face the same conditions as do men. In the field of law, parents’ years of education have a significant impact on success, as has having a highly respected mentor. In mathematics, the chances of getting a professorship increase significantly with high occupational prestige of the parents, the share of time spent in research, the specialty of applied mathematics, or having a mentor with a high reputation.

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