scholarly journals Factors which are Affecting Human Capital in Singapore

2021 ◽  
Author(s):  
S M Nazmuz Sakib
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
Significant Positive Effect ◽  
Hours Worked ◽  
Correlation Tests ◽  
Human Capital Index ◽  
The Relationship ◽  
Positive Effect ◽  
Growth Indicators

The human capital index is a multivariate variable used to measure the assessment of human resource productivity in the future. Human capital has a connection with economic development. Moreover, the study looks to analyses the relationship between Human Capital and Economic Growth indicators such as HCI and GDP. Human Capital relates to the development of individual skills to make them function more profitable for the national economy. The study was aimed at investigating the effect of population, the number of people engaged and the average annual hours worked by engaged persons on the human capital index. The analysis was in SPSS for the findings. Correlation tests were used for analysis. The study revealed that population, the number of people engaged and the average annual hours worked by engaged persons had a significant positive effect on the human capital index.

scholarly journals Factors Affecting Human Capital in Singapore

2021 ◽  
Author(s):  
S M Nazmuz Sakib
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Significant Positive Effect ◽  
Hours Worked ◽  
Factors Affecting ◽  
Correlation Tests ◽  
Human Capital Index ◽  
The Relationship ◽  
Positive Effect ◽  
Growth Indicators

The human capital index is a multivariate variable used to measure the assessment of human resource productivity in the future. Human capital has a connection with economic development. Moreover, the study looks to analyses the relationship between Human Capital and Economic Growth indicators such as HCI and GDP. Human Capital relates to the development of individual skills to make them function more profitable for the national economy. The study was aimed at investigating the effect of population, the number of people engaged and the average annual hours worked by engaged persons on the human capital index. The analysis was in SPSS for the findings. Correlation tests were used for analysis. The study revealed that population, the number of people engaged and the average annual hours worked by engaged persons had a significant positive effect on the human capital index.

scholarly journals Financial Development and Economic Growth in ASEAN-5 Countries

2018 ◽  
Vol 20 (1) ◽  
pp. 57-71 ◽  
Author(s):  
Chinnasamy Agamudai Nambhi Malarvizhi ◽  
Yashar Zeynali ◽  
Abdullah Al Mamun ◽  
Ghazali Bin Ahmad
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Economic Efficiency ◽  
Capital Accumulation ◽  
Physical Capital ◽  
Significant Positive Effect ◽  
Domestic Investment ◽  
The Relationship ◽  
Physical Capital Accumulation ◽  
Positive Effect

This article explores the relationship between financial sector development and economic growth, using a sample of ASEAN-5 countries (Malaysia, Indonesia, Singapore, Thailand and Philippines) from 1980 to 2011. More specifically, this study investigates whether higher levels of financial development (FD) are significantly and robustly correlated with faster current and future rates of economic growth, physical capital accumulation and economic efficiency improvements. Findings of this study revealed that FD has a significant positive effect on economic growth. However, the estimated models show that the influence of FD, as a determinant for economic growth of ASEAN-5 countries, is less than that of domestic investment and export.

scholarly journals Relationship between Military Expenditure and Economic Growth in ASEAN: Evidence from Indonesia

2013 ◽  
Vol 1 (2) ◽  
pp. 90
Author(s):  
Tangguh Chairil ◽  
Dedy Sinaga ◽  
Annisa Febrianti
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Cold War ◽  
Causal Relationship ◽  
Military Expenditure ◽  
Post Cold War ◽  
Increasing Trend ◽  
Multiplier Effects ◽  
The Relationship ◽  
Positive Effect

World military expenditure in post-Cold War world shows increasing trend especially in ASEAN region; Indonesia is no exception. The trend may have been supported by the argument that military expenditure has positive multiplier effects on economic growth. Unfortunately, there have been not too many studies on the effect of military expenditure on economic growth in the Indonesia context. This paper examines the topic by first reviewing literature on the relationship between military expenditure and economic growth, then by empirically testing the causal relationship between the two variables by using the Augmented Sollow Growth Model. The result shows that Indonesia's military expenditure has positive effect on the country's economic growth, which is most possibly caused by development of human capital as effect of military expenditure.

scholarly journals The human capital rationale behind the economic growth of the European Union countries: application of the advanced methods to enhance an efficiency of national human capital stocks

2019 ◽  
Vol 27 (1) ◽  
pp. 35-48
Author(s):  
Iuliia A. Stabinskaite
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Human Capital ◽  
Economic Development ◽  
Theoretical Models ◽  
The European Union ◽  
National Human ◽  
Dimensional Assessment ◽  
The Relationship ◽  
The Eu

Human capital is an important factor of economic growth, as has been underlined by recent theoretical models. The main goal of this article is to elucidate the relationship between human capital and dynamics of economic growth in the European Union (EU). For the purposes of this article human capital is defined as knowledge, skills as well as other individual factors which lead to higher productivity. Therefore, the greatest attention is focused on the multi-dimensional assessment of human capital in the processes of economic development of the European countries. A detailed evaluation of human capital in the EU is represented at interregional and international levels. Furthermore, author suggests a guidance for designing and planning strategies aimed at sustainable economic development by using the model predictive control algorithms.

scholarly journals The Impact of ICT and FDI as Drivers to Economic Growth In ASEAN-8 Countries: A Panel Regression Analysis

2021 ◽  
Vol 9 ◽  
pp. 91-98
Author(s):  
Noraina Mazuin Sapuan ◽  
Mohammad Rahmdzey Roly
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Regression Analysis ◽  
Panel Regression ◽  
Information And Communication ◽  
Asean Countries ◽  
Using Data ◽  
The Impact ◽  
The Relationship ◽  
Positive Effect

Over the last few years, information and communication technology (ICT) has become a key catalyst for economic growth. The durability of this technology is demonstrated by the rapid proliferation of the Internet, mobile phones and cellular networks across the globe. However, among economic scholars, the question of exactly how the spread of ICT affects economic development and FDI, especially in ASEAN countries with differences in levels of income, remains unanswered. The aim of this study was essentially to explore the relationship between ICT dissemination, FDI and economic growth in ASEAN-8 countries. By using data from 2003 to 2017, the panel regression analysis was used to evaluate these relationships. The results showed that the dissemination of ICT and FDI are important and they have a positive effect on the ASEAN-8 countries’ economic development.

scholarly journals Human Capital and the Level of Economic Development

2018 ◽  
Vol 14 (2) ◽  
pp. 31
Author(s):  
Rewat Thamma-Apiroam
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
Developed Countries ◽  
Causality Test ◽  
Capital Growth ◽  
Level Of Economic Development ◽  
The Government ◽  
The Relationship ◽  
Developing And Developed Countries

This study aims at testing the causal relationship between human capital via the government spending share on education and economic growth using cross-country evidence and investigating the relationship pattern between such human capital – growth and the level of economic development based on 30 country data. The study employs a standard approach through uniting root test and Granger causality test. The data is annually collected during the periods 1983 – 2012, totaling to 30 observations. The finding indicates that for both developing and developed countries, education human capital cannot explain much the economic growth and vice versa. In addition, from the relationship pattern between human capital – growth and the economic development level neutrality is the most commonly found pattern for both developing and developed countries. However, we see somewhat difference between them in terms of causation running from growth to human capital. That is, the number of developed countries is almost double as compared to the developing ones. This gives rise to a policy implication for developed countries in that it should put more emphasis on the government education spending share to GDP since it can help boost human capital in the long run.

scholarly journals The Effects of New Entries on Economic Growth: a Story on Advanced and Laggard Sectors

2021 ◽  
Author(s):  
◽  
Vera Hansen
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Theoretical Model ◽  
Empirical Evidence ◽  
Production Function ◽  
Physical Capital ◽  
Endogenous Growth Model ◽  
The Relationship ◽  
Positive Effect ◽  
Douglas Production Function

<p>The main goal of this thesis is to construct a theoretical model that provides an explanation for the relationship between growth and new entry that is consistent with empirical evidence. The model is a four sector endogenous growth model in which there is a technologically advanced and a technologically laggard consumption goods which are imperfect substitutes. The production of each good requires its own stock of human capital and physical capital. The accumulation of physical capital and human capital in each industry is modelled by a Cobb-Douglas production function. The main result of the model is that new entries have a positive effect on the fraction of the existing stock of human capital devoted to the accumulation of human capital in both the advanced and laggard sectors. However, this effect is stronger in the advanced sectors than in the laggard sectors. This result is consistent with empirical evidence.</p>

scholarly journals The Importance Of Human Capital For The Economic Development Of EU Regions

2017 ◽  
Vol 19 (5) ◽  
pp. 63-79 ◽  
Author(s):  
Iwona Laskowska ◽  
Barbara Dańska-Borsiak
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Western Europe ◽  
Gdp Per Capita ◽  
Spatial Dependencies ◽  
Per Capita ◽  
The Relationship ◽  
Positive Effect ◽  
The Eu

The EU designs its cohesion policy with the primary purpose of reducing disparities in regional development. The success of the policy is largely determined by the identification of factors that contribute to such disparities. One of the key determinants of economic success is human capital. This article examines the relationship between the quality of human capital and economic development of EU’s regions. Using spatial analysis methods, the spatial dependencies between the growth of human capital and GDP per capita are investigated. According to the research results, the highest levels of human capital are typical of the most affluent regions in Western Europe, while its lowest levels are found in the poorest countries that became EU members only recently and in countries in southern Europe, including Greece. The spatial correlation measures confirm that spatial relationships have effect on the regional resources of human capital, showing that regions rich in human capital border on regions that are similar to them in that respect. The results of the spatial growth regression indicate that the amount of human capital in the region has a significant and positive effect on its GDP per capita.

scholarly journals The Effects of New Entries on Economic Growth: a Story on Advanced and Laggard Sectors

2021 ◽  
Author(s):  
◽  
Vera Hansen
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Theoretical Model ◽  
Empirical Evidence ◽  
Production Function ◽  
Physical Capital ◽  
Endogenous Growth Model ◽  
The Relationship ◽  
Positive Effect ◽  
Douglas Production Function

<p>The main goal of this thesis is to construct a theoretical model that provides an explanation for the relationship between growth and new entry that is consistent with empirical evidence. The model is a four sector endogenous growth model in which there is a technologically advanced and a technologically laggard consumption goods which are imperfect substitutes. The production of each good requires its own stock of human capital and physical capital. The accumulation of physical capital and human capital in each industry is modelled by a Cobb-Douglas production function. The main result of the model is that new entries have a positive effect on the fraction of the existing stock of human capital devoted to the accumulation of human capital in both the advanced and laggard sectors. However, this effect is stronger in the advanced sectors than in the laggard sectors. This result is consistent with empirical evidence.</p>

The Problem of the Impact of Human Capital Formed in the Education System on the Socio-Economic Development of Russian Regions

2021 ◽  
Vol 9 (2) ◽  
pp. 34-37
Author(s):  
Leonid Basovskiy ◽  
Elena Basovskaya
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
Education System ◽  
Russian Regions ◽  
Industrial Economy ◽  
Socio Economic Development ◽  
Post Industrial ◽  
The Impact ◽  
Positive Effect

The paper put forward hypotheses that the possibility of economic growth during the transition to a post-industrial economy is determined by human capital formed in the higher education system, the possibility of economic well-being in the transition to a post-industrial economy is determined by human capital formed in the tertiary system. Education, institutional transformations in the education system due to their incon-sistency and approaches based on the administrative and control style of management inherited from the industrial economic system, worsen the conditions for the formation of human capital in the education system of modern Russia. To assess the impact of the socio-economic development of human capital formed in the education system, it is proposed to perform by means of a correlation analysis of links between indicators characterizing the composition of the employed population by education level and indi-cators characterizing the socio-economic development of Russian regions by years of a twenty-year period starting from 2000 to 2019. Preliminary research has made it possible to establish that the employed population of the regions with higher education has a positive effect on economic growth in the regions, but this influence is decreasing; the employed population of the regions with lower levels of education negatively affect the economic growth in the regions. The employed population of regions with higher and professional education has a positive effect on the welfare of the regions.

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