scholarly journals The Impact of Investment in Human Capital on the Exports of Goods and Services

2021 ◽  
Vol 2 (2) ◽  
pp. 161-192
Author(s):  
Samina Siddique ◽  
Zafar Mahmood ◽  
Shabana Noureen
Keyword(s):  
Human Capital ◽  
Capital Investment ◽  
Human Capital Investment ◽  
Developed Countries ◽  
Business Environment ◽  
Least Square ◽  
Goods And Services ◽  
Foreign Countries ◽  
The Impact

With the growth of services economy worldwide, it has become essential for policymakers to comprehend the export competitiveness of nations to identify offshore export locations or alternatively offer their own sites as an exporting location. Human capital investment is considered as a key component in attracting foreign countries for outsourcing purposes. Earlier studies have shown mixed role of human capital investment on off shoring activities. This study assesses the effects of control variables (business environment, wages and IT infrastructure) and human capital investment on export of goods and services from the selected Asian outsourcing countries. Panel Estimated Generalized Least Square (EGLS) technique is used with country weights to specifically overcome the problem of autocorrelation. Empirical findings show that investment in human capital is significant for both goods and services exports. We found a large impact of human capital investment on exports of goods and services in selected Asian countries as compared to selected developed countries. Empirical findings further suggest that human capital is more essential for export of goods than export of services. From these findings, the study draws important implications for policymaking in countries who intend to offer themselves as an attractive location for exporting and for those who intend to locate their production activities overseas.

scholarly journals THE EFFECT OF HOTELS' TRAINING ON OVERNIGHTS, REGIONAL GROWTH AND EMPLOYMENT

2015 ◽  
pp. 213-222
Keyword(s):  
Human Capital ◽  
Capital Investment ◽  
Regional Growth ◽  
Human Capital Investment ◽  
Added Value ◽  
Potential Growth ◽  
Positive Externalities ◽  
Hotel Performance ◽  
The Impact

The role of human capital and, more specifically, the role of on the job training, has been widely analysed in the economic literature. Moreover, in the field of hospitality and tourism some studies focus on the relationship between training and hotel performance. This paper goes beyond this goal. It analyses the role of training on the hotel occupancy but, furthermore, it measures the impact of this human capital investment on the growth of a region, measured in terms of production, added value and employment. It combines both, microeconomic data from a database of two hundred hotels and the macro perspective of the Balearic Input-Output table, allowing measurement of the positive externalities that human capital investment in the hotel sector generates through the rest of the economy. Results show a positive and significant impact on potential growth and employment that goes beyond the strictly tourism-related sectors. In terms of policy recommendations, this work gives meaning to the promotion of public policies encouraging training practices at hotel level.

The Role of Human Capital Investment on Human Resources Performance in Indonesia

2021 ◽  
Vol 1 (1) ◽  
pp. 128-131
Author(s):  
Sri Rahayu ◽  
◽  
Cahya Budhi Irawan
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Human Resources ◽  
Capital Investment ◽  
Moving Average ◽  
Human Capital Investment ◽  
Secondary Data ◽  
Education And Health ◽  
The Impact

This study examines the role of human capital investment in the form of improving education and health services in Indonesia in order to improve the performance of Indonesia's human resources so that it can increase the income of Indonesians which is reflected in the encouragement of economic growth. This study uses secondary data from world banks and processed regression using the moving average autoregression method. We find that education and health investment are positively related to economic growth. This indicates that human capital investment in Indonesia is able to improve the performance of Indonesia's human resources so that it has the impact of encouraging Indonesia's economic growth.

The Role of Human Capital Investment in Poverty Alleviation and Improvement of Indonesian Human Performance in Dignified Economic Independence

2021 ◽  
Vol 1 (1) ◽  
pp. 132-135
Author(s):  
Nur Sholeh Hidayat ◽  
◽  
Eddy Priyanto
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Capital Investment ◽  
Human Performance ◽  
Moving Average ◽  
Human Capital Investment ◽  
Secondary Data ◽  
Economic Independence ◽  
Education And Health

This research studies the role of human capital investment through the mechanism of improving education and health services in efforts to alleviate poverty and increase economic independence with dignity in the form of improving the performance of Indonesia's human resources which is reflected in Indonesia's economic growth. This study uses secondary data from world banks and processed regression using the moving average autoregression method. We find that investment in education and investment in health is positively related to economic growth. And, poverty is negatively related to economic growth. This indicates that human capital investment in Indonesia is able to promote economic growth and alleviate poverty in Indonesia.

scholarly journals Remote work and human capital: new challenges and threats (international experience)

2021 ◽  
pp. 107-119
Author(s):  
Oleksandr Burov
Keyword(s):  
Artificial Intelligence ◽  
Human Capital ◽  
Data Science ◽  
Well Being ◽  
Business Environment ◽  
Remote Work ◽  
Science Data ◽  
Creative Abilities ◽  
The Impact

Keywords: human capital, remote work, cybersecurity, workforce, digital economics The article considers the role of human capital in the transitionto the remote work. The analysis of world changes in the field of safe and effectiveuse of digital business environment and qualification of workforce in the conditions ofgrowth of remote work is carried out. The analysis was conducted in the following areas:general features of the digitalizing in crisis and innovation, a new paradigm of business«Data is the new gold», the organization of the workforce in the transition to teleworking,the priorities of today's professions, the problems of cybersecurity in teleworking. It has been articulated that the main requirements for the today’s workforce are intellectualand creative abilities, competence in the field of creation and use of ICT, bigdata (data science, data mining, data analytics) and artificial intelligence, the role ofwhich has grown even more due to the COVID-19 pandemic. The human component ofintellectual capital (in the form of knowledge, skills and competencies, as well as intellectualand creative abilities) is gaining new importance in the digital economy.The analysis of relationship of the crisis and innovation made on the basis of the ClarivateDerwent report has demonstrated the impact of the pandemic on the global lifecycle of research and innovation projects in the first half of 2020, namely that COVID-19violated innovation strategy of the innovative leaders worldwide. The analysis hasdemonstrated: in the new conditions of accelerated digitalization, ingenuity and speed ofdecision-making and innovation are needed more than ever. These priorities will affectthe world economy in the coming year.Special attention in analysis has been paid to the new business paradigm related touse and role of data. It was highlighted that digitization generates vast amounts of datathat offer many opportunities for business, human well-being, and the environment. As aresult, new capabilities and opportunities arise for business with the ecosystem of cooperationand partnership, as well as collaboration of stakeholders.The core of changes in digitalization is reskilling and upskilling of the workforce accountingnew workplaces and new requirements for them. It is recognized that talentmanagement and creative people selection can be the main engine in future transformationof economics, and workforce becomes an effective pole for investments. At the sametime, it is argued that remote worker is outside the scope of corporate protection, and virtuallyany production information, like human capital, becomes much more vulnerablein such conditions and requires appropriate cybersecurity methods.As a conclusion, it is articulated that the ability of companies to use big data is beginningto play a significant role in the economy, which in turn requires the involvementand training of data processing and analysis specialists. The direction of professions thatis being actively formed recently — data science — is one of the most priority in the labormarket. At the same time, the labor market needs skills and abilities in the field of interpersonalcommunication (soft skills), which are able to ensure the effective operation ofpeople and systems of hybrid intelligence «human-artificial intelligence».For the further research it has been recommended a comprehensive study of protectionof objects and subjects of intellectual property in open networks.

scholarly journals Analysis of world practice of cash circulation

2020 ◽  
Vol 2020 (1) ◽  
pp. 125-138
Author(s):  
Olga Mikhailovna Markova
Keyword(s):  
Growth Rates ◽  
Developed Countries ◽  
Global Scale ◽  
Factors Affecting ◽  
Goods And Services ◽  
Advantages And Disadvantages ◽  
Consumer Lending ◽  
Foreign Countries ◽  
The Developed Countries

Nowadays, attention is being paid to studying the structure of money circulation in foreign countries, which is stipulated by changes in cash monetization of the economy and the role of cash and financial operations performed with cash. According to the results based on the national and foreign research of cash circulation, the advantages and disadvantages of using cash in money turnover have been identified. The rating of countries with the least dependence on cash is given. It has been stated that in the developed countries the bank cards are used as an alternative to cash, the sizes of which vary depending on the location and characteristics of consumer lending in them. The problem is being studied: what reasons stimulate the demand for cash? The factors that influence the cash providing the goods and services circulation, other payments of the population of various countries (assessment of motives for holding money, total demand for cash, transactional, cumulative and speculative or portfolio costs have been given). Cash needs planning also plays an important role. In the Bank of Russia cash need planning is provided on the forecast estimates for all face values of coins and banknotes. A review of a sample of cash circulation and factors affecting it in Russia for the period from 1998 to 2018 is presented. The graphs of changes in the money supply and its growth rates, gross domestic product and its growth rates are illustrated. A correlation matrix is built for all variables in the sample (growth rates). The conclusions are drawn about the need in the monetary mechanism for regulating cash circulation to maintain the national independence and statehood in the context of digitalization of the world economy on a global scale.

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