scholarly journals Relationship Between Human Capital and Technological Innovation Growth of Regional Economy and Psychology of New Entrepreneurs in Northeast China

2021 ◽  
Vol 12 ◽  
Author(s):  
Xingyang Yu ◽  
Mingji Liu
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Northeast China ◽  
Psychological Capital ◽  
New Ventures ◽  
External Environment ◽  
Economic Restructuring ◽  
Physical Capital ◽  
The Impact ◽  
The Relationship

The economic restructuring and rapid rise of the economy in Northeast China have resulted in a proliferation of new ventures. Studying the psychology of new entrepreneurs is conducive to understanding the relationship between human capital and economic growth. The work reported here aims to explore the impact of human capital on economic growth in Northeast China and the influencing factors of psychological capital of new entrepreneurs in the entrepreneurial process. Based on Cobb–Douglas production function, the relationship between labor, physical capital, or human capital and economic growth in Northeast China is analyzed by econometric methods, and a model of human capital and economic growth in Northeast China is constructed. Besides, a psychological capital intervention (PCI) model is proposed to develop the psychological capital of new entrepreneurs, and the psychological quality structure model of entrepreneurial entrepreneurs and its operation mechanism. The results of the empirical analysis demonstrate that the elasticity coefficient of human capital in Northeast China is 0.15902, five times smaller than that of labor and physical capital. Moreover, 70% of new ventures are willing to accept higher education. The fitting degree of using the PCI model to develop the psychological capital of new ventures is only 0.3%. In addition, the modified external environment PCI instead of the external environment PCI model has a huge operating potential in the macro-entrepreneurial environment. In conclusion, the impact of human capital on economic growth in the northeast is smaller than the impact of labor and material capital investment on regional economic growth. The development of human capital and research on the composition and mechanism of psychological quality of entrepreneurial entrepreneurs are of significant theoretical and practical values to promote the economic growth in the northeast.

scholarly journals The human capital–economic growth nexus in SSA countries: what can strengthen the relationship?

2020 ◽  
Vol 47 (9) ◽  
pp. 1143-1159
Author(s):  
Roseline Tapuwa Karambakuwa ◽  
Ronney Ncwadi ◽  
Andrew Phiri
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Least Squares ◽  
Ordinary Least Squares ◽  
African Countries ◽  
Content Type ◽  
Econometric Approach ◽  
The Impact ◽  
The Relationship ◽  
Ssa Countries

PurposeThe purpose of this study is to examine the impact of human capital on economic growth for a selected sample of nine SSA countries between 1980 and 2014 using a panel econometric approach.Design/methodology/approachThe authors estimate a log-linearized endogenous using the fully modified ordinary least squares (FMOLS) and the dynamic ordinary least squares (POLS) applied to our panel data time series.FindingsThe empirical analysis shows an insignificant effect of human capital on economic growth for our selected sample. These findings remain unchanged even after adding interactive terms to human capital, which are representatives of government spending as well as foreign direct investment. Nevertheless, the authors establish a positive and significant effect of the interactive term between urbanization and human capital on economic growth.Practical implicationsThe results emphasize the need for African policymakers to develop urbanized, “smart”, technologically driven cities within the SSA region as a platform toward strengthening the impact of human capital-economic growth relationship.Originality/valueThis study becomes the first in the literature to validate the human capital–urbanization–growth relationship for African countries.

Enhancing Human Capital Investment - Key to Unlock China's Economic Plight of Unbalanced Development

2011 ◽  
Vol 347-353 ◽  
pp. 2745-2748
Author(s):  
Yuan Zhang
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Capital Investment ◽  
Human Capital Investment ◽  
Physical Capital ◽  
Investment Strategy ◽  
Capital Shortage ◽  
Investment Structure ◽  
Sustainable Economic Growth ◽  
The Relationship

In recent years, it is very important for China to maintain the strong and sustainable economic growth, and we believe enhancing human capital investment is the key. According to the statistics, China's current human capital investment has fallen into the low-level trap, which means that the economic growth heavily depends on labor-intensive and resource-driven investment, and the relationship between human and physical capital investment becomes imbalanced. In addition, the coexistence of human capital shortage and employment pressure, the mismatch between human capital investment structure and talent demand, and insufficient human capital investment caused by unfair income distribution are becoming more and more serious. We advise a re-examination of our human capital investment strategy as the main policy to solve the problems.

Does female human capital contribute to economic growth in India?: an empirical investigation

2017 ◽  
Vol 44 (11) ◽  
pp. 1506-1521 ◽  
Author(s):  
Madhu Sehrawat ◽  
A.K. Giri
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Physical Capital ◽  
Variance Decomposition ◽  
Content Type ◽  
Indian Economy ◽  
Education And Health ◽  
Long Run ◽  
Short Run ◽  
The Impact

Purpose The purpose of this paper is to examine the impact of female human capital on economic growth in the Indian economy during 1970-2014. Design/methodology/approach The paper employs Ng-Perron unit root test to check the order of integration of the variables. The study also used ARDL-bounds testing approach and the unrestricted error-correction model to investigate co-integration in the long run and short run; Granger’s causality test to investigate the direction of the causality; and variance decomposition test to capture the influence of each variable on economic growth. Findings The study constructed a composite index for both male and female human capitals by taking education and health as a proxy for human capital. The empirical findings reveal that female human capital is significant and positively related to economic growth in both short run and long run, while male human capital is positive but insignificant to the economic growth; same is the case for physical capital, it implies that such investment regarding female human capital needs to be reinforced. Further, there is an evidence of a long-run causal relationship from female human capital, male human capital and physical capital to economic growth variable. The results of variance decomposition show the importance of the female human capital variable is increasing over the time and it exerts the largest influence in change in economic growth. Research limitations/implications The empirical findings suggest that the Indian economy has to pay attention equally on the development of female human capital for short-run as well as long-run growth of the economy. This implies that the policy makers should divert more expenditure for developing support for female education and health. Originality/value To the best of authors’ knowledge, this is the first attempt to study the relationship between female human capital and economic growth in the context of the Indian economy.

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 Entrepreneurship Education on Economic Growth

2016 ◽  
Author(s):  
Harun Bal ◽  
Erhan İşcan ◽  
Birgül Katar
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Growth And Development ◽  
Creative Thinking ◽  
Entrepreneurship Education ◽  
Physical Capital ◽  
Industrial Society ◽  
Capital Theory ◽  
Economic Growth And Development ◽  
The Impact

Entrepreneurship is one of the prominent individual properties in transition from industrial society to artificial intelligence society. It is extremely important to raise entrepreneurs who can easily adapt to changing circumstances, in a society’s economic growth and development. An entrepreneurship has different qualities in terms of manners and attributes such as leadership, ability to see the opportunities, to pursue the innovations, to take risk, independence, diligence, creative thinking, fast problem solving. It is thought to be the economic growth depended on physical capital increase as well as labor and capital. Education is the most crucial component of human capital. In recent years, the most striking result of endogenous growth model of Romer who contributed the improvement of human capital theory is relatively the economies that have higher sum of human capital rate will have higher economic growth rate. The main aim of this study is to determine the impact of the entrepreneurship education on economic growth and development. For this aim a questionnaire is prepared to analyze the potential impact of the entrepreneurship education on economic growth and development. Results of analyze shown that the entrepreneurship education is necessary and important for entrepreneurship. Therefore, entrepreneurship education and training is sufficient for economic growth. The policy makers should spend more resources on the education that increases the human and social capital.

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 Relationship between Human Capital and Economic Growth: Cases of BRICS Countries and Turkey

2014 ◽  
Author(s):  
Harun Bal ◽  
Neşe Algan ◽  
Müge Manga ◽  
Ediz Kandır
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Panel Data Analysis ◽  
Physical Capital ◽  
Correlation Relationship ◽  
Brics Countries ◽  
Production Factors ◽  
Long Run ◽  
The Relationship ◽  
Econometric Technique

Endogenous growth theories have implied that human capital is an important factor that determines economic growth. This implication has revealed the need for policies that involving human capital as well as classical production factors. This means, physical capital is not enough alone for economic growth. This study aims to analyze the causality between human capital and economic growth in Turkey and BRICS countries. To this aim, by using Panel Data Analysis, which is an important econometric technique, the degree of the relationship between growth and human capital, in the long run, between the years 1995-2011 is analyzed. As a consequence of the analysis we expect to conclusion that there’s a positive and the high correlation relationship between human capital and economic growth. In our analysis, we obtained the result that, there’s a long-run relationship between human capital and economics growth in BRICS countries and Turkey. In this context, we came to the conclusion that human capital is an important factor that stimulate economic growth.

scholarly journals Human Capital and Economic Growth: Pakistan, 1960-2003

2008 ◽  
Vol 13 (1) ◽  
pp. 1-27 ◽  
Author(s):  
Qaisar Abbas ◽  
James Foreman-Peck
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Time Series Data ◽  
Critical Role ◽  
Health Spending ◽  
Series Data ◽  
Negative Contribution ◽  
Secondary Schooling ◽  
The Impact ◽  
The Relationship

This paper investigates the relationship between human capital and economic growth in Pakistan with aggregate time series data. Estimated with the Johansen (1991) approach, the fitted model indicates a critical role for human capital in boosting the economy’s capacity to absorb world technical progress. Much higher returns, including spillovers, to secondary schooling in Pakistan than in OECD economies is consistent with very substantial education under-investment in Pakistan. Similarly, extremely large returns to health spending compare very favorably with industrial investment. Human capital is estimated to have accounted for just under one-fifth of the increase in Pakistan’s GDP per head. Since the 1990s, the impact of deficient human capital policies is shown by the negative contribution to economic growth.

scholarly journals Human Capital, Industrial Structure Upgrading and Economic Growth in China: A Literature Review

2020 ◽  
Vol 15 (8) ◽  
pp. 59
Author(s):  
Bai Yang
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Influencing Factors ◽  
Industrial Structure ◽  
Supply And Demand ◽  
Healthy Human ◽  
The Future ◽  
The Impact ◽  
The Relationship ◽  
Industrial Structure Upgrading

The research on human capital, industrial structure upgrading and economic growth has always been one of the focus issues in academia. The existing literature is developed from different perspectives. First of all, the research on human capital mainly focuses on the research of human capital and economic growth, including the relationship between total human capital and economic growth, the relationship between human capital structure and economic growth, and the relationship between healthy human capital and economic growth. Secondly, the research on the upgrading of industrial structure includes the upgrading of industrial structure and economic growth, the influencing factors of the upgrading of industrial structure and so on. Among them, the influencing factors mainly include technological progress, market supply and demand, population, trade and government policies. Thirdly, the research on the impact of human capital on the upgrading of industrial structure mainly includes the matching of heterogeneous human capital and industrial structure, and the impact mechanism of human capital on industrial structure. This paper systematically reviews the development of literature on human capital, industrial structure upgrading and their relationship, and points out the problems existing in the literature, possible improvements in the future and several issues that may need attention in the future.

scholarly journals The Long Term Impact of Health on Economic Growth in Pakistan

2008 ◽  
Vol 47 (4II) ◽  
pp. 487-500 ◽  
Author(s):  
Naeem Akram ◽  
Ihtsham Ul Haq Padda ◽  
Mohammad Khan
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Technical Change ◽  
Physical Capital ◽  
Per Capita ◽  
Long Term Impact ◽  
Sustainable Economic Growth ◽  
The Impact

Human capital plays pivotal role for sustainable economic Growth. As different growth theories suggest the role of human capital as a significant for growth process. The concept of human capital in economic literature defined broadly by including education, health, training, migration, and other investments that enhance an individual’s productivity. However, the growth economists that have incorporated human capital in the growth studies, paid greater attention on analysing the impact of education on economic growth, while ignoring the role of health human capital. It is only in very recent times that studies have started looking at health and tried to estimate the relationship between health status and economic growth. There exists a two-way relationship between improved health and economic growth. Health and other forms of human and physical capital increases the per capita GDP by increasing productivity of existing resources coupled with resource accumulation and technical change. Furthermore, some part of this increased income is spent on investment in human capital, which results in further per capita growth. According to Fogel (1994), approximately one third of GDP of Britain between 1790 and 1980 is the outcome of improvements in health especially improvement in nutrition, public health, and medical care facilities and these improved health facilities should be considered as labour enhancing technical change.

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