Steps in Industrial Development through Human Capital Deepening

2021 ◽  
Author(s):  
Max Gillman
Keyword(s):  
Human Capital ◽  
Industrial Development ◽  
Capital Deepening

The Role of Human Capital in Cluster-Based Industrial Development

2018 ◽  
Vol 56 (2) ◽  
pp. 104-116 ◽  
Author(s):  
Keijiro Otsuka ◽  
Tetsushi Sonobe
Keyword(s):  
Human Capital ◽  
Industrial Development

Determinants of Industrial Development

2021 ◽  
pp. 378-406
Author(s):  
Fiona Tregenna ◽  
Kevin Nell ◽  
Chris Callaghan
Keyword(s):  
Developing Countries ◽  
Human Capital ◽  
Exchange Rate ◽  
Panel Data ◽  
Industrial Development ◽  
Trade Openness ◽  
Developed Countries ◽  
Government Consumption ◽  
Capital Account Liberalization ◽  
Exchange Rate Depreciation

Global evidence suggests that, for many countries, manufacturing typically has an inverted U-shaped relationship with development. But unlike the historical experience of most developed countries, for most developing countries the turning point of this relationship is occurring sooner in the development process, and at substantially lower levels of income. This is termed ‘premature deindustrialization’. The consequences of this may be particularly important if such countries can no longer rely on manufacturing-led development. Why are some countries more industrialized, or more deindustrialized, than other comparable countries? To explore these issues, this chapter uses panel-data econometric techniques to analyse the determinants of the share of manufacturing in GDP, across countries and across time. Domestic determinants include investment, government consumption, population size, human capital, democracy, and natural resource endowments. External determinants include trade openness, capital account liberalization, and exchange rate depreciation.

The Dynamic Correlation Between Capital Deepening and Total Factor Productivity in China

2020 ◽  
Vol 24 (4) ◽  
pp. 524-531
Author(s):  
Wuliu Zhang ◽  
Keyword(s):  
Human Capital ◽  
Total Factor Productivity ◽  
Negative Impact ◽  
Positive Impact ◽  
Linear Structure ◽  
Physical Capital ◽  
Influence Coefficient ◽  
Factor Productivity ◽  
Capital Deepening ◽  
The Impact

The impact of capital deepening on total factor productivity (TFP) is a significant and controversial issue. Based on the calculation of relevant indicators, this study adopts a Bayesian time-varying parameter model, Bayesian quantile regression, and adaptive Bayesian quantile models for in-depth statistical analysis. TFP was found to have a complex non-linear structure, and physical and human capital deepening indicators show a significant upward trend. The deepening of physical capital has a negative impact on TFP, while the deepening of human capital has a positive impact. In the capital deepening structure, the level of TFP has been improved and its structure optimized. Primary human and non-production physical capital deepening has no significant effect on TFP, while secondary human capital deepening has some significant effects on TFP. Tertiary and productive human capital deepening of TFP present two different forms of significant effect: the influence coefficient of the former declines in the increasing quantile and the change is larger, while the latter has a stable negative impact. The results of this study provide insights in terms of the improvement of China’s productivity.

scholarly journals INNOVATIVE MANAGEMENT IN TRANSITION ECONOMY

2018 ◽  
pp. 165-171
Author(s):  
A. CHARINA ◽  
V. SOKOV
Keyword(s):  
Human Capital ◽  
Knowledge Economy ◽  
Industrial Development ◽  
Transition Economy ◽  
Innovation Management ◽  
Development Model ◽  
Innovative Management ◽  
Post Industrial

The article considers theoretical aspects of innovation management in countries with transitive economy on a way to post-industrial development model according to the structural crisis caused by their specificity. The ways of solving the emerging problems are proposed. The role of human capital and social-functional innovations is emphasized in the transition to "knowledge economy”.

scholarly journals THE ROLE OF SOCIALIZATION OF HUMAN CAPITAL DEVELOPMENT IN GLOBAL COMPETITION CONDITIONS

2018 ◽  
pp. 295-304
Author(s):  
Myroslava Bublyk ◽  
Alyona Shakhno
Keyword(s):  
Human Capital ◽  
Human Development ◽  
Industrial Development ◽  
Swot Analysis ◽  
Economic Transformation ◽  
Point Of View ◽  
Human Capital Development ◽  
Key Factor ◽  
The Individual ◽  
Capital Development

The article deals with the issues of socialization of human capital development. The emphasis is placed on the fact that modern globalization puts forward new demands on the person from the point of view of its educational level, acquired competences, mobility, since the "human factor" is a key element of a new model of post-industrial development. Accents are shifted from "economic rights" to "social rights". In the conditions of globalization of national economies, the key factor in the economic growth of any country is the formation of a highly developed and competitive human capital. Unlike other types of resources, human creative abilities are the core of the innovative potential of the individual and are inexhaustible in nature. The problem under investigation is particularly popular for Ukraine in view of the current geopolitical and socio-economic transformation. In the article the modern specificity of development of human capital in the conditions of economic socialization and under the influence of global tendencies is considered. The main quantitative indicators of human capital development, changes in the structure of employment, the level of state support of the educational sphere and scientific researches are analyzed, and their trend models are constructed. The place of Ukraine according to the indicator of human development index among other countries of the world is determined. The SWOT analysis of the educational system of Ukraine is provided, which gives an opportunity to assess the existing situation and the prospects for its improvement. The mechanism of the influence of socialization on the formation of qualitative human capital is formed and graphically reflected. The basic problems of reproduction of human capital are determined and a set of measures aimed at increasing the efficiency of its use and development is proposed, among which: development of an innovative model of the state policy of development of human capital; involvement of the private sector in the process of investing in human development; optimization of the mechanism of distribution of public funds allocated to education; increasing the accessibility and adaptation of educational services in accordance with market requirements; the inclusion in international programs of quality assessment and competitiveness of human capital, etc.

scholarly journals Infrastructure, Human Capital and Industrialization in Nigeria

2017 ◽  
Vol 3 (6) ◽  
pp. 58
Author(s):  
Udah E. B. ◽  
Ebi Bassey
Keyword(s):  
Human Capital ◽  
Industrial Development ◽  
Time Series Data ◽  
Trade Openness ◽  
Ordinary Least Squares ◽  
Minimum Variance ◽  
Historical Background ◽  
Series Data ◽  
Domestic Investment ◽  
Causality Test

The objective of this paper had been to shed light on the importance of infrastructure and human capital on industrialization in Nigeria using time series data from 1970 to 2014. The methodology adopted in this paper was first to trace the historical background of the data using such tests as mean, minimum and maximum values, standard deviation, skewness, kurtosis and Jarque-Bera tests. Second, in order to smoothen the data and reduce white noise, the paper adopted Augmented Dickey-Fuller and Phillips-Perron tests for unit root and for co-integration, the paper used Engle-Granger two-step procedure and Johansen method. The paper captured the interrelationship among the variables with Pairwise Granger causality test. Thirdly, the paper proceeded to use Ordinary Least Squares (OLS) estimation technique. The co-integration tests using Engle-Granger two-step and Johansen methods showed that the series are co-integrated, thus, the use of OLS satisfies the Best Linear Unbiased Estimator (BLUE) with minimum variance property. The parsimonious results suggest that gross domestic investment, electricity supply and trade openness are the required elements to accelerate the pace of industrialization in Nigeria. This implied that providing adequate and stable supply of electricity, deepening public and private investments as well as opening the economy to the vagaries of international trade has short and long-termed lasting effect on industrial development. The policy perspective is that government should prioritize the generation and distribution of electricity, increase the quantum of investments in road infrastructure and opening of the economy in order to accelerate the pace of industrialization.

scholarly journals A ECONOMÍA DE GALICIA E ESPAÑA EN 2007-2017: DEZ ANOS DE CRISE E RECUPERACIÓN

2017 ◽  
Vol 26 (1) ◽  
pp. 105-116
Author(s):  
María-Carmen GUISÁN
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Regional Development ◽  
Capita Income ◽  
Industrial Development ◽  
Real Income ◽  
Tourism Industry ◽  
Industrial Sectors ◽  
Per Capita ◽  
Simultaneous Growth

No período 2007-2013 a economía de Galicia e de España experimentou unha diminuciónde produción e emprego seguida dunha lixeira recuperación no período 2014-2017. Estarecuperación é bienvida pero non é suficiente para impulsar o desenvolvementoeconómico, porque a produción industrial por habitante non está experimentando anecesaria converxencia cara niveis de rexións e países máis avanzados. Para impulsar ocrecemento simultáneo da renda real por habitante e do nivel de emprego, Galicia eEspaña precisan dun incremento importante da renda real producida nos sectoresindustriais. Neste informe destacamos o papel da industria, o turismo e o capital humanono desenvolvemento rexional. Galicia experimentou no período 1996-2008 un incrementoimportante da renda per cápita industrial, ata acadar a converxencia coa media española,pero experimentou un estancamento, como o conxunto de España, no período 2008-2015,lonxe dos niveis de rexións españolas e europeas de maior nivel de desenvolvementoindustrial.In the period 2007-2013 the economy of Galicia and Spain experienced a decrease inproduction and employment followed by a slight recovery in the period 2014-2017. Thisrecovery is welcome but not sufficient to boost economic development, because industrialproduction per inhabitant is not experiencing the necessary convergence towards moreadvanced regions and countries. In order to boost the simultaneous growth of real percapita income and the level of employment, Galicia and Spain need a significant increase inthe real income produced in the industrial sectors. In this report we highlight the role ofthe tourism industry and human capital in regional development. In the period 1996-2008, Galicia experienced a significant increase in industrial per capita income, until itreached convergence with the Spanish average, but it experienced a stagnation, togetherwith Spain as a whole, in the period 2008-2015, far from the levels of the Spanish andEuropean regions with a higher level of industrial development.

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