Human Capital Accumulation in Medical Simulated Learning Environments

2016 ◽  
pp. 65-88
Author(s):  
Fiorentina Angjellari-Dajci ◽  
Christine Sapienza ◽  
William F. Lawless ◽  
Kathleen Kavanagh
Keyword(s):  
Human Capital ◽  
Learning Environments ◽  
Patient Outcomes ◽  
Capital Accumulation ◽  
Economic Benefits ◽  
Economic Evaluations ◽  
Medical Simulation ◽  
Methodological Framework ◽  
Simulated Learning ◽  
Nursing Curricula

Economic evaluations of the use of medical simulation in nursing curricula to enhance human capital and positively affect clinical and patient outcomes are rare. This chapter first provides a conceptual model of the use of simulated learning environments (SLEs) in nursing curricula and associated clinical and patient outcomes. Second, it reviews economic evaluation methods in medical simulation drawing from similar fields, such as aviation. Third, it provides a methodological framework for conducting full economic evaluations of SLE programs, which includes the identification, measurement, valuation and comparison of all relevant economic benefits with economic costs for any competing programs. The framework used in this chapter has applicability to any health care field, in which medical simulations are used as an alternative program, to serve as a guide, or be adopted with ease.

Human Capital Accumulation in Medical Simulated Learning Environments

2019 ◽  
pp. 273-297
Author(s):  
Fiorentina Angjellari-Dajci ◽  
Christine Sapienza ◽  
William F. Lawless ◽  
Kathleen Kavanagh
Keyword(s):  
Human Capital ◽  
Learning Environments ◽  
Patient Outcomes ◽  
Capital Accumulation ◽  
Economic Benefits ◽  
Economic Evaluations ◽  
Medical Simulation ◽  
Methodological Framework ◽  
Simulated Learning ◽  
Nursing Curricula

Economic evaluations of the use of medical simulation in nursing curricula to enhance human capital and positively affect clinical and patient outcomes are rare. This chapter first provides a conceptual model of the use of simulated learning environments (SLEs) in nursing curricula and associated clinical and patient outcomes. Second, it reviews economic evaluation methods in medical simulation drawing from similar fields, such as aviation. Third, it provides a methodological framework for conducting full economic evaluations of SLE programs, which includes the identification, measurement, valuation and comparison of all relevant economic benefits with economic costs for any competing programs. The framework used in this chapter has applicability to any health care field, in which medical simulations are used as an alternative program, to serve as a guide, or be adopted with ease.

scholarly journals Calculation and Measurement of China’s Human Capital after Comparing Human Capital with Technological Innovation

2021 ◽  
Vol 5 (1) ◽  
Author(s):  
Kangping Wu ◽  
Mengtao Wu
Keyword(s):  
Growth Rate ◽  
Human Capital ◽  
Technological Innovation ◽  
Capital Accumulation ◽  
Physical Capital ◽  
The United States ◽  
Economic Benefits ◽  
Assignment Method ◽  
Capital Development ◽  
Index Weight

Human capital, as a synthesis of wisdom and physical fitness condensed in workers, is sometimes confused with technological innovation by existing literature. This paper makes comparisons between these two terminologies. Technological innovation is a short-term activity that attaches importance to economic benefits while human capital accumulation is a long-term strategic process with lifelong benefits, and human capital is the foundation of technological innovation. In empirical part, this paper adopts Solow Residual Method to calculate stock, elasticity and growth rate of human capital of 10 countries after eliminating physical capital, labor force and technological innovation. It is found that human capital stock in the United States is the largest and human capital growth in China is the fastest. Calculation is followed by measurement. We construct a comprehensive index of human capital by using Index Weight Assignment Method and Two-level & Three-factor CES Function to measure and predict human capital level in China. Both calculating and measuring results show that growth rate of China’s human capital is around 5%. In the future, for highquality economic development, China should give priority to human capital development and comprehensively improve human capital competitiveness.

Human Capital Accumulation and Resource Abundance

2011 ◽  
pp. 66-77
Author(s):  
O. Vasilieva
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Capital Accumulation ◽  
Relevant Literature ◽  
Harmful Effect ◽  
Human Capital Accumulation ◽  
Resource Abundance ◽  
Empirical Results ◽  
Theoretical Predictions ◽  
Crowd Out

Does resource abundance positively affect human capital accumulation? Or, alternatively, does it «crowd out» the human capital leading to the deterioration of economic growth? The paper gives an overview of the relevant literature and discusses both theoretical and empirical results obtained regarding the connection between human capital accumulation and resource abundance. It shows that despite some theoretical predictions about the harmful effect of resource abundance on human capital accumulation, unambiguous evidence of such impact that would be robust with respect to the change of resource abundance parameter has not been obtained yet.

scholarly journals International Trade and Human Capital Investment with Heterogeneous Firms and Workers: Modeling and Analysis

Mathematics ◽  
2021 ◽  
Vol 9 (10) ◽  
pp. 1106
Author(s):  
Jaewon Jung
Keyword(s):  
Human Capital ◽  
International Trade ◽  
Organizational Behavior ◽  
Capital Accumulation ◽  
Global Economy ◽  
Capital Investment ◽  
Investment Decision ◽  
Heterogeneous Firms ◽  
Modeling And Analysis ◽  
Trade Model

Though the importance of organizational behavior and human decision processes within firms for the firm performance has largely been recognized in the business and management literature, much less attention has been devoted to studying such implications in the international trade context. This paper develops a general-equilibrium trade model in which heterogeneous workers make an investment decision in acquiring advanced managerial skills and choose their optimal effort level based on their comparative advantage. In doing so, we show how globalization-induced human capital accumulation within firms leads to sustainable economic growth. We also show that workers’ organizational belief and CEO’s managerial vision may be an important element for the human capital formation within firms and for the performance of firms in a global economy.

Sign in / Sign up

Export Citation Format

Share Document