Does Foreign Direct Investment Promote Human Capital Accumulation? The Role of Gradual Financial Liberalization

This chapter examines the role of apprenticeship in the British Industrial Revolution. The apprenticeship system contributed in four ways. First, it provided training of necessary skills in the expanding area of employment and newer sectors. Second, it promoted efficient training among masters and men. Third, it reduced the transaction costs involved in transferring resources from agriculture to non-agriculture and facilitated the expansion of sectors which promoted trade and commerce. Finally, apprenticeship saved poor children from social exclusion and enabled them to become more productive adults. The chapter also suggests that the apprenticeship system also created a structure of contract enforcement which ensured that both masters and trainees would derive the benefits from human capital accumulation.

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Path from human capital to economic growth: A free highway or a complicated labyrinth?

Voprosy Ekonomiki ◽

10.32609/0042-8736-2017-8-5-23 ◽

2017 ◽

pp. 5-23 ◽

Cited By ~ 1

Author(s):

I. Lyubimov

Keyword(s):

Economic Growth ◽

Human Capital ◽

Education Policy ◽

Financial Markets ◽

Capital Accumulation ◽

Human Capital Accumulation ◽

Limited Effect ◽

Rights Protection ◽

Property Rights Protection

In this paper, we consider a number of causes which can potentially explain why human capital accumulation policies might have limited effect on economic growth. Mixed empirical results can be found in the literature, both supporting and questioning the key role of human capital as an important cause of economic growth. We focus on the latter and start from pointing at inaccurate indicators of human capital accumulation, such as the average years of schooling, which might not reflect with acceptable level of accuracy the level of human capital accumulated in a particular economy. We then consider the role of other causes of economic growth, such as property rights protection or financial markets development, which might affect the demand for human capital, thus potentially limiting the effect of a policy affecting the supply of human capital. We then discuss the efficiency of human capital distribution among various activities in a particular economy and argue that the way the economy uses its human capital stock might matter for its growth rates. Finally we point at potential flaws in education policy, which might result in slow accumulation of human capital.

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Joint Decisions on Household Membership and Human Capital Accumulation of Youths: The Role of Expected Earnings and Local Markets

SSRN Electronic Journal ◽

10.2139/ssrn.251992 ◽

2000 ◽

Author(s):

Gianna Claudia Giannelli ◽

Chiara Monfardini

Keyword(s):

Human Capital ◽

Capital Accumulation ◽

Human Capital Accumulation ◽

Local Markets ◽

Joint Decisions ◽

Expected Earnings

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Factor Model of Human Capital Accumulation in the Context of Global Challenges

SHS Web of Conferences ◽

10.1051/shsconf/20208001012 ◽

2020 ◽

Vol 80 ◽

pp. 01012

Author(s):

Ekaterina Zharova ◽

Nickolay Minaev ◽

Olga Gevorgyan

Keyword(s):

Human Capital ◽

Capital Accumulation ◽

Industrial Revolution ◽

Factor Model ◽

Systematic Research ◽

Human Capital Accumulation ◽

Global Competitiveness ◽

Global Challenges ◽

Economic Formation

The transition to the fourth industrial revolution and the digital economy leads to a new socio-economic formation. In the new society, the place and role of human capital in the system of factors that ensure the socio-economic development of territories are being rethought. Human capital is becoming one of the key elements that ensure the sustainable development of territories and increase their global competitiveness. The increasing role of human capital creates a need to develop effective mechanisms for managing its accumulation and use, which requires systematic research of factors that affect this process. To solve this problem, the team of authors formed a factor model of the territory’s human capital accumulation in the context of global challenges and responses to them. The generated model was developed in such a way as to reflect the system of factors, as well as the nature of their influence and relationship.

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University cities’ evolution in context of human capital accumulation

SHS Web of Conferences ◽

10.1051/shsconf/20208001008 ◽

2020 ◽

Vol 80 ◽

pp. 01008

Author(s):

Olga I. Gevorgyan ◽

Nikolay N. Minaev ◽

Ekaterina A. Zharova

Keyword(s):

Human Capital ◽

Capital Accumulation ◽

Parallel Analysis ◽

Economic Systems ◽

Global Competition ◽

Human Capital Accumulation ◽

Common Goal ◽

The University ◽

The City

In the context of global competition, attracting and retaining talent is the most important common goal of universities and cities. Universities have long played an important role in the competitiveness of cities, regions and the country as a whole, as they contribute to the accumulation of human capital. The interaction of the city and the university can be observed from the time of their formation. In this paper, the authors considered a parallel analysis of the development (evolution) of two different socio-economic systems such as the university and the city from antiquity to the present. Based on this analysis, we can conclude that universities have played a significant role in the development of cities, and cities, in turn, have led to the emergence and development of universities. The role of universities was that they were both centers of education and centers of research. It was within the framework of universities that the results of scientific research appeared, which moved cities up in evolution.

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