scholarly journals Does More Spending on Education Matter to Human Capital Formation? Study Case of Bengkulu Province, Indonesia

2018 ◽  
Vol 22 (1) ◽  
pp. 63
Author(s):  
Nurfitriani Nurfitriani ◽  
Romi Bhakti Hartarto
Keyword(s):  
Human Capital ◽  
Panel Data Analysis ◽  
Capital Formation ◽  
Positive Influence ◽  
Women Empowerment ◽  
Human Capital Formation ◽  
Study Case ◽  
The Government ◽  
Capital Development ◽  
Quality Infrastructure

Based on Statistics Indonesia (BPS), Indonesia will face a demographic bonus era during 2020-2035. That implies that the number of productive-age population will be higher than elderly peopleand children (dependents). This phenomenon offers an opportunity due to a lower dependencyburden. However, the situation could be catastrophic if the government is not ready to equip theproductive age population with necessary skills. The objective of this study is to determine whetheror not higher spending on education has positive influence on human capital formation in BengkuluProvince. The research used panel data analysis of ten regions in Bengkulu Province for the 2010-2014 periods. Research results showed that spending on education does not have significant impacton human capital development, while women empowerment and infrastructure have positive effecton human capital. Our results imply that more spending on education does not matter if it is notsupported by quality infrastructure that makes education facilities accessible.

scholarly journals Short Term Vocational Skill Test in Nepalese Context

2015 ◽  
Vol 1 ◽  
pp. 54-61
Author(s):  
Rajan Binayek Pasa
Keyword(s):  
Human Capital ◽  
Local Level ◽  
Skill Training ◽  
Capital Formation ◽  
Easy Access ◽  
Testing System ◽  
Specific Work ◽  
Human Capital Formation ◽  
Short Term ◽  
The Government

This paper assesses the possible contribution of short term vocational skill tested graduates and labour migration in foreign employment and remittances to Nepalese economy.  An attempt has also been made to assess the role of effective skill testing system that can be provided even in local level as for equal accessibility to all skilled workforces throughout the country. Producing skill tested graduates is known to be a process of human capital formation that is equally benefitted to self and society. Due to easy access of government policy, Nepalese youths are working in international labour market and at a time when the country's major economic indicators are not favorable, the remittances have played a vital role in national economic growth. Though remittances earning is a boon to the economy, the facilities are inadequate to back up the increasing trend of migration. Inadequate knowledge on skill testing system and lack of skill training and poor opportunities to involve in trade specific work are some of bottlenecks to Nepalese youths. This paper suggests that formulation and effective implementation of short term vocational skill testing system in local level is the need of today so that most of foreign labour migrants can grab semi-skilled employment opportunities through specific vocational skill tested certification. The government needs to play a proactive role to promote foreign employment by inducting and adhering to the policy of socio-economic development and human capital formation. Replicating the status and impact of short term vocational skill tested graduates and migrated labour in foreign employment, state mechanism has to be endorsed in our national context for development and promotion of skill testing mechanism in local level and regularization of foreign employment. In such a situation, majority of youths could get opportunities to take skill tested certificate that can encourage them to become a vocational skill and trade occupation specific. Such types of work specification could ultimately increase working efficiency and productivity of each workforce and economic prosperity of the country.DOI: http://dx.doi.org/10.3126/jtd.v1i0.13091 Journal of Training and Development Vol.1 2015: 54-61

Human capital formation by means of education

2019 ◽  
pp. 54-65
Author(s):  
Mykola Chobitko
Keyword(s):  
Human Capital ◽  
Developed Countries ◽  
Capital Formation ◽  
Educational Process ◽  
Educational Institutions ◽  
Actual State ◽  
Human Capital Formation ◽  
Theoretical Approaches ◽  
The Individual ◽  
Capital Development

Subject of research – the process of formation of human capital by means of education Formation of human capital by means of education. The purpose of writing the article is to formulate theoretical approaches that determine the role of education in the formation of human capital in Ukraine. Methodology of work – system-structural and comparative analyzes (for the formation of human capital in educational institutions); monographic (when studying the problem of human capital formation and its components in Ukraine and in developed countries of the world); socio-economic analysis (in the study of the actual state of affairs of the educational system and its material security); forecasting (prospect of development of educational potential in Ukraine and its investment). The results of the work – proposed new approaches to the process of vocational guidance, the formation of an applicant who has a clear image of the future profession, a personally oriented trajectory of training and development throughout life. It is argued that the need to increase investment in human capital development in educational institutions has been proved. Conclusions – human capital, based on the intellectual abilities and talent of the individual, as well as knowledge and practical skills acquired in the process of learning, education and practical activities is the greatest value of the state. Improving the educational process will enable us to ensure proper social and economic development. We have no other option except a scientific and educational breakthrough.

scholarly journals Human Capital Formation and Employability in An Information Economy: A Study of New Zealand's ICT Sector

1970 ◽  
Author(s):  
Ashish Malik
Keyword(s):  
Human Capital ◽  
New Zealand ◽  
Trade Unions ◽  
Secondary Data ◽  
Capital Formation ◽  
Information And Communications Technology ◽  
Present System ◽  
Human Capital Formation ◽  
Firm Level ◽  
The Government

Human capital formation is vital in furthering the employability of a nation's workforce. Employability in a networked and information society has undergone a paradigm shift. The key participants in the labour market- employers, employees, trade unions and the government have to proactively address various issues emerging at the global level by assessing its implications for them at macro and micro levels and by furthering human capital formation so as to maintain the employability of their workforce. This paper presents the trends emerging at global levels, the extent to which they are reflected in OECD countries and in New Zealand, with a specific focus on its ICT (Information and Communications Technology) sector. It further discusses the dilemma faced by different players in contributing in furthering human capital formation and employability. Secondary data pertaining to emerging trends on human capital and employability in the ICT sector is analysed from various government agencies and international organisations. Although there is some strength in the present system in terms of industry training provided in New Zealand, there are few areas of investment for human capital and some firm level practices which affect employability and human capital formation in future.

The impact of digitalization on human capital formation and use

2021 ◽  
pp. 8-34
Author(s):  
Maria Polozhikhina ◽  
Keyword(s):  
Human Capital ◽  
Capital Formation ◽  
Human Capital Formation ◽  
Human Capital Development ◽  
Capital Development ◽  
The Impact

The article focuses on human capital formation and evaluation. The contradictory impact of the digitalization on institutions that determine the reproduction and use of human capital is analyzed. Special attention is paid to human capital development in Russia.

scholarly journals Human Capital Formation and Economic Growth in Emerging Asia: Empirical Evidence Using Panel Data

2020 ◽  
Vol 3 (2) ◽  
pp. 205-212
Author(s):  
Muhammad Atiq-ur- Rehman ◽  
Suleman Ghaffar ◽  
Kanwal Shahzadi ◽  
Rabail Ghazanfar
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Panel Data ◽  
Fixed Effects ◽  
Random Effect ◽  
Capital Formation ◽  
Human Capital Formation ◽  
Data Set ◽  
The Government ◽  
The Impact

After the emergence of endogenous growth theory, the role of human capital along with physical capital is considered to be imperative in promoting economic growth. The government social sector spending, mainly on education and health, contributes in forming human capital and promotes economic growth. This study examines the impact of health and education provisions on economic growth of emerging Asian economies, including Bangladesh, China, India, Indonesia, Malaysia, Pakistan, Philippine, and Thailand. Using the data set for 1995-2018, the fixed effects (FE) and the random effect (RE) methods of panel data estimation are employed. Both methods reveal that the health and education support the human capital formation and stimulate economic growth.

scholarly journals Human Capital Formation and Economic Growth in Nigeria

2019 ◽  
Vol 7 (3) ◽  
pp. 44-65
Author(s):  
Godwin Emmanuel Oyedokun
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Health Sector ◽  
Capital Formation ◽  
National Bureau ◽  
Human Capital Formation ◽  
Human Capabilities ◽  
Long Run ◽  
Augmented Dickey Fuller ◽  
The Government

This study investigates how the development of human capital is related to economic growth in Nigeria from 1980 to 2015. Data were sourced from the Central Bank of Nigeria and the National Bureau of Statistics. The study employed Augmented Dickey-Fuller (ADF) to estimate the relationship among the variables used in this study which revealed that there is a positive long-run relationship among public expenditure on education and health, total school enrolment, gross capital formation, employment rate, life expectancy rate and economic growth. The study recommended that the government should put in place the required education and training policy that would guarantee quality schooling for different level of education. Government should also commit more funds to health sector to enhance human capital formation. It was also recommended there should be more pragmatic means to develop human capabilities.

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