She did a study in new york city with a sample of elementary schools leana, 2011. Formal analysis of the relationship between human capital and economic growth at regional and national level 101 3. Economic growths important determinant are physical capital, labor and human capital. Human resource development theses and dissertations human.
Human capital development and economic growth 101 3. Individual preferences, human capital, and economic development dissertation of the university of st. The dissertation encompasses research projects from micro as well as a. Thus human capital development is one of the fundamental solutions to enter the international arena. Human capital development, economic growth, expenditure on education. For example, poor health imposes a heav y burden on society and slows economic growth. Individual preferences, human capital, and economic development. This thesis explores three important factors that have been central to the pursuit of economic development especially in case of developing countries. The thesis is the backbone for all the other arguments in your essay, so it has to cover them all. Human capital is important because it is the knowledge and competencies that can be used to produce economic value, but also for its relation to economic growth and the distribution of income. Thus, the paper studies educational reforms and other factors that influence on growth or decrease of the human capital. Human capital development and unemployment rate 95 3.
Katou 2008 has conducted research to assess the impact of hrm on the performance of manufacturing organizations in greece. The study was conducted during 20032004 as part of the preparation to complete a ph. The thesis the battles of bleeding kansas directly affected the civil war, and the south was fighting primarily to protect the institution of slavery doesnt work very well, because the arguments are disjointed and focused on different ideas. Given the importance of human capital investment in determining afghanistans future, exploring the concept of human capital is an important and significant topic of research.
A contemporary perspective kipkemboi jacob rotich1, moi university, school of human resource development, department of development studies, p. Apart from being issues of social concern, both provide. Impact of human capital development on economic growth in nigeria. Second, it is difficult that human capital itself independently contributes to individual development and national economy growth. Sterken and in accordance with the decision by the college of deans. Challenges of research and human capital development in nigeria.
This dissertation follows the style of human resource development quarterly. Please credit all quotes and references from this publication as sierracedar global human capital management best practices white paper by lexy martin and stacey harris, vice presidents, research and analytics at sierracedar. The impact of human capital on economic growth sciencedirect. The basic theory of human capital london school of. To participate in next years research and receive an early copy of the annual survey white paper, please submit. The level of human capital development depends upon the quality of education and.
A computerized hris human resources information system that is an information. As such, it can be positioned within the broader, and recently resurgent, literature that calls for a better understanding of human capital in order to identify its e. Easterlin, the effect of popula tion growth and human capital on development d. This perspective is important in understanding both investment incentives, and the structure of wages and earnings. The model that has been developed to describe the role of human resource. Understanding the effects of human capital on economic growth phd thesis to obtain the degree of phd at the university of groningen on the authority of the rector magnificus prof. Kidanemariam gidey gebrehiwot june, 20 addis ababa. Generally, human capital represents the assets each individual develops to enhance economic productivity. In this paper, i am going to investigate how productivity is affected by human capital using a case study of ethiopia. But from the recent trend of world economic growth, we found that human capital is playing a key role. Human capital development and economic development hassan m somo research paper. Informative essay on role of human capital in economic development our research topic is to analyze the relationship between human capital and economic growth. Because of imbalanced economic development, poorer localities lacking. The efficiency of human resources training and development does not result in organizational growth.
Migration and development nexus for sending countries and receiving countries 30 2. No part of this dissertation may be reproduced, stored in any retrieval system or. Informative essay on role of human capital in economic. Theoretical framework of human capital development of smes. This paper reexamines the role of human capital in the growth equation, applying the same approach as islams. The qualitative method was used, where interview was used to solicit information from. In the last instance the model focusses on the implementation of a peopleoriented strategy that will address the effective management of intellectual capital, human capital and information managmenet. Doctoral thesis empirical studies on human capital and. In short, the human capital theorists argue that an educated population is a productive population. Thus, in the calculation of the benefits from a training program, it is conceivable to weigh. The focus of this study was to ascertain the impact of selected human capital. In addition, in the previous chapter on compensating wages, we indicated that compensating wages may have to be paid to compensate workers for the costly process of acquiring human capital, like education or training.
This thesis consists of a summary section and seven papers, divided into four. Doctoral thesis university of trento school of social. Productive capacity is defined broadly as the natural resource potential, accumulation of human capital and the institutions that facilitate inclusive and sustainable. The main purpose of this thesis is to identify the role of sustainable development in laos, based on the integration of three factors, economic growth, social development, and the environmental dimension.
The purpose of this thesis is to investigate and analyse the effect of human capital on income inequality. The essays in the present volume explore the various national and international dimensions of human capital and development ranging from the economic implications of demographic trends in the united states richard a. The focus of the amo framework is to improve employees outcomes through prioritizing resources on hrm practices that enhance their motivation and performance jiang et al. Challenges of research and human capital development in. Individual preferences, human capital, and economic. Productive capacity and economic growth in ethiopia. A thesis submitted to the department of development economics, institute of public. My dissertation investigates human capital issues, including education and health. Accumulation accumulation of human capital is perhaps the most important determinant of productivity in nigeria. This thesis is based on three empirical essays in financial development and economic growth. Further, human capital is concerned with the wholesome adoption of the policies of education and development.
The aim of the study was to assess the extent to which human capital development in the sam jonah library improves performance of staff. Providing education and health services to people is one of the major ways of improving the quality of human resources. The concept human resource, human capital and manpower connote the same thing. Annual time series data are used for the period 19802010. The impact of human capital on earnings a study regarding. Introduction to human capital and economic development. Gallen, school of management, economics, law, social sciences and international affairs to obtain the title of doctor of philosophy in economics and finance submitted by thomas vischer from germany approved on the application of prof. Various attempts have been made towards tracing the historical development of the discipline. This thesis will be defended in public on thursday 2 november 2017 at 16. Does human capital create economic growth in sub diva. The study was to evaluate the effect of human capital development in organizational performance in manufacturing industries in southeast nigeria. Human capital is an allembracing concept, that is, it is a continuum, a continuing process from childhood to old age, and a must for any society that wishes to survive under the complex challenges of a dynamic world. Human capital management information system lawson version, 9 as a software helped the employees.
Effect of human capital development in organizational. She looked at human capital the qualities of the individuals, their qualifications and competencies on paper. Human capital management the new human capital management paradigm strategic human capital management measuring performance human capital management is the new paradigm of organizations in the current environment and it has transformed from a general notion to one on which the future of the organization depends. Building mineral policies which utilize resource abundance for development of human capital and advanced research activities can lessen dependency on. Development processes are also contributing to positive processes of human development such as longer life spans which may enhance pressures on public resources in the field of social protection. Theoretical framework of human capital development of. Human capital development is affected by the firms type, its financial performance, the level of clustering in the free zone, and what level of technical knowhow spillover has influenced human capital development within dubai free zones. In addition, costs and benefits to different groups may be valued differently in the economic calculus.
Introduction health and education are both components of human capital and contributors to human welfare. The concept of human capital has shifted the focus of economic development theorists to generally agree that the. Corporate governance publish your bachelors or masters thesis, dissertation, term paper or essay. The effect of human resources development on organizational. Human capital planning is a systematic process for identifying the resource pool and its capabilities to meet organization goals and developing the strategies to meet the requirements to fulfill those goals. In the first chapter, i test for evidence of an intrahousehold flypaper effect by evaluating the impact of an educational fee reduction reform in rural china on different categories of household expenditures. The impact of inward fdi on the management of human. Human capital development and its impact on firm performance.
The three chapters of this thesis present econometric studies on human capital and in stitutions, two important drivers of economic development. However, allowing for differences in the aggregate production function across countries with a panel data approach, islam 1995 finds that human capital fails to enter significantly. A high rating in human capital development indices places a country among the leading countries of the world. Measurement of human capital is realised by human capital index, which in determination of the european union is based on four group of areas. My dissertation investigates human capital issues, including education and health, in china. Evidence from developmental economics 267 concept as traditionally defined to say that expenditures on education, training, and medical care, etc. Empirical analysis of human capital development and. The theory that is most commonly used is the general human capital theory, developed by mincer 1970 and becker 1993, which examines why a variation in earnings distribution exist among individuals. Human resource development has no significant impact on organizational. Pdf human capital development and economic growth in. Contribution to science and practice 22 chapter ii.
Human capital investments, such as educational attainment and knowledge of. The effective human resources development does not enhance productivity in order to reduce poor performance in an organization. A thesis submitted to the department of managerial science of the kwame. The emphasis on human capital in organisations reflects the view that market value depends less on tangible resources. Claudia goldin, human capital 2232014 3 fraction of the growth of income per capita in u. To identify the relationship between human capital development and poverty reduction in nigeria discuss how human resource development through education can be made effective to alleviate poverty in nigeria. Human capital development and economic growth in kenya 19812011.
Chen, lei 2012 a mixed methods study investigating. I closely examine the empirical link between productivity and human capital. The objective of this thesis is to investigate if human capital has a significant impact on. These are not simply costs but investment with valuable returns that can be calculated. The paper discussed the challenges of research and human capital development in nigeria. The impact of inward fdi on the management of human capital development in developing countries. The stock of human capital plays an important role for a sustained economic development. Applications to education and training 245 differently. Apart from being issues of social concern, both provide an economy with healthy trained human resources required for economic growth and development. The main question of the study is the influence of educational reforms on human capital growth.
Introduction human capital is recognized as an agent of national development in all countries of the world. Apr 30, 2020 human capital management the new human capital management paradigm strategic human capital management measuring performance human capital management is the new paradigm of organizations in the current environment and it has transformed from a general notion to one on which the future of the organization depends. General issues one of the most important ideas in labor economics is to think of the set of marketable skills of workers as a form of capital in which workers make a variety of investments. These are human capital, corruption and institutions. University of groningen understanding the effects of human.
One index of human welfare, which incorporates income, education and health, shows that africas level of human development is the lowest of any region in. In general, human capital development hcd refers to the acquisition of skills and. The context of an erp project balla diop, daniel pascot and sidi mahmoud. Empirical analysis of human capital development and economic. Perspectives on education in the postapartheid era by ntombifuthi winnie gamede submitted in accordance with the requirements for the degree of master of commerce in the subject economics at the university of south africa supervisor. This thesis uses educational attainment as a proxy for human capital to investigate its effect.
Human capital and economic development simon appleton and francis teal 1. Research and human capital development are critical to the development of any nation. The first essay, investigated in the third chapter, the effect of financial development on economic growth in the context of saudi arabia, an oilrich economy. It was concluded that human capital increase not only financial performance of the firms but also nofinancial performance of the firms. The contribution of human capital to the survival of libraries cannot be underestimated, this necessitates their regular training and development for increased performance. Wilson, geoff briscoe empirical analysis of human capital development and economic growth in european regions hiro izushi, robert huggins nonmaterial benefits of education, training and skills at a macro level andy green, john preston, lars erik malmberg. Simon, the relationship among human capital, the family. Impact of human capital variables on the effectiveness of the.