Role Of Human Capital Development Research Articles

The role of human capital development in urbanization-economic growth nexus: A new insight on Nigeria

Given the inevitable rise in global urban size, it has become pertinent to prioritize sustainable urban development which supports economic growth. Hence, the surge in sustainable urban-economic growth literature. Moreover, there is a growing argument that the growth effect of urbanization is contingent on the mediating roles of certain macroeconomic factors. However, despite being one of the fastest urbanizing countries in the world, extant studies on urbanization-economic growth nexus in Nigeria are few and the possible modulating roles of macroeconomic factors in the nexus has not been studied. Therefore, using annual data spanning between 1991 and 2022, this study examines the modulating effect of human capital development (HCD) in the relationship between urbanization and economic growth in Nigeria. For the empirical analysis, the study adopts the autoregressive distributed lag error correction model (ARDL-ECM). Robustness of the findings is tested using the dynamic ordinary least square (DOLS) estimator. The regression outcomes s show that while urbanization independently does not promote economic growth, its interaction with the measure of HCD produces a positive coefficient suggesting that HCD mitigates the adverse effect of urbanization on economic growth. Based on the findings, the study recommends that urban development policies should be compatible with achieving well-managed cities in order to harness the agglomeration economies benefits of increasing urbanization process. In addition, due to the favourable role of HCD in the urbanization-economic growth relationship, strategic plans focused on promoting human capital in the form of education and health should be focalized in urban development policies.

The effect of financial inclusion on economic growth: the role of human capital development

The effect of financial inclusion on economic growth: the role of human capital development

Role of Human Capital Development in Firm Performance: The Mediating Effect of Innovation. A Case of Manufacturing Firms in Plateau State, Nigeria

An organization’s competitive strategy is strengthened when it has a greater specialized human expertise above its competitors. The main objective of this study is to examine the role of human capital development on firm performance in Plateau State, Nigeria and the mediating effect of innovation. A cross-sectional and ex-post factor research design was used for the study. The population consists of 231owners/managers of MSMEsin Plateau State, Nigeria. A sample size of 146 was used. The partial least square structural equation model (PLS-SEM) was used.The findings of the study revealed that although there is no significant direct relationship between human capital development and firm performance, there is a significant relationship between human capital development and innovation and between innovation and firm performance. Innovation was also found to mediate the effect of human capital development on performance. The study recommended, amongst other things, that organizations should beinnovative.

Retraction Note: Assessing the determinants of renewable energy and energy efficiency on technological innovation: Role of human capital development and investement.

Retraction Note: Assessing the determinants of renewable energy and energy efficiency on technological innovation: Role of human capital development and investement.

Financial Inclusion and Its Role in Human Capital Development and Socio-Economic Transformation

Financial Inclusion and Its Role in Human Capital Development and Socio-Economic Transformation

Maximizing natural resource rent economics: The role of human capital development, financial sector development, and open-trade economies in driving technological innovation.

Technological innovation is considered one of the most significant production variables. The influence of natural resource rents on this factor is crucial to the success of nations' sustainability with abundant natural resources. Driven by a theoretical argument, this research investigates the impact of natural resource rents on technological innovation by engaging the "instrumental variable fixed-effect method." With "Driscoll-Kraay's robust standard errors," the research accounts for "cross-sectional dependency" in a panel of 79 economies from 1995 to 2021. The empirical results confirm that natural resource rents positively and significantly impact innovation measured with trademark and patent applications. The findings also indicate that the components of natural resource rents, such as oil and natural gas rents, significantly promote technological innovation. The findings also indicate the roles of human development, financial development, and trade economies in the impact of natural resource rents on technological innovation. Due to heterogeneity, the analysis categorizes countries based on their economic development into "developed," "transition," and "developing" economies. The article finishes with policy implications, arguing that natural resource rent support a more resource-efficient economy and move toward a more circular economy targeted for sustainability. Therefore, emerging markets that initiate natural resource rents can support human capital and financial services through financial sector development and trade in maximizing technological innovation.

Harmonizing Human Capital: Insights from the Malaysian Labor Market

The misalignment between workforce skills and qualifications and the demands of available job opportunities, poses a pervasive concern with far-reaching implications for economic growth and labor market efficiency. This phenomenon extends across geographical boundaries, impacting both developing and developed nations. In this study, we focus on the Malaysian context, where the intersection of labor market dynamics and educational expansion has yielded both positive and concerning outcomes. Despite an expansion in the labor market and education sector in Malaysia, the underemployment rate increased to 37.4% in the fourth quarter of 2022, revealing a noteworthy challenge. This study presents empirical evidence on job matching among Malaysian employees, specifically investigating the likelihood of job mismatch attributed to human capital factors, including working experience and education attainment. The analysis is this study notably emphasizes the pivotal role of working experience and educational attainment in influencing job-matching outcomes. Individuals with a wealth of working experience, quantified in years, exhibit a reduced likelihood of job mismatch, highlighting the significance of accrued expertise in securing suitable employment. Similarly, those holding tertiary education qualifications are found to be better positioned in the job market, further diminishing the risk of job mismatch. In essence, this study serves as a clarion call for policymakers, educators, and stakeholders in the Malaysian labor market to recognize the crucial role of human capital development in addressing the pressing issue of job mismatch. The implications of these findings extend beyond Malaysia, resonating with global efforts to foster labor market efficiency and sustainable economic growth by ensuring a harmonious alignment between workforce capabilities and the demands of the contemporary job landscape.

Empowering Africa's healthcare future: the crucial role of human capital development in bio- and pharmaceutical manufacturing

Not available.

Impact of Human Capital Development on Economic Progress: A Panel Data Analysis by Using Classical and Bayesian Estimates

This comparative research debates a magnified role of human capital development in selected developed, developing economies and less developing economies, including Pakistan. Between 1990 and 2019, two-panel data analysis techniques were employed, one classical and the other Bayesian. The key objective of this study was to investigate the impact of human capital development on economic growth, and also suggest the best statistical techniques for developing an appropriate model. GDP is the dependent variable, whereas the independent variables are human capital, physical capital, physical and human capital growth, health expenditure, education spending, and life expectancy rate. For the optimal model, both Bayesian and classical approaches were used to analyze the appropriate model. Empirical evidence has shown that human capital is the most important factor and is directly correlated with growth in any economy Furthermore, the findings suggested that Bayesian techniques produce more appropriate models for policy implications than classical techniques.

Empowering Africa's healthcare future: The crucial role of human capital development in bio- and pharmaceutical manufacturing.

Empowering Africa's healthcare future: The crucial role of human capital development in bio- and pharmaceutical manufacturing.

Empowering Africa's healthcare future: the crucial role of human capital development in bio- and pharmaceutical manufacturing

Mo abstract available.

The Role of Education in the Development of Human Capital: A Bibliometric Analysis of Literature Outputs in 1990–2023

Abstract Objective Comprehensive overview of the most relevant topics, trends, and scientific products in the field of the relationship between education and human development. Methodology Bibliometric (VOSviewer v.1.6.10) analysis were used to describe thematic, temporal patterns, clustering of concepts and research networks (geographical and institutional aspects). Findings The study provides a comprehensive overview of the state of research on education’s role in human capital development, offering summarized insights into global trends, thematic shifts, and key contributors to the field. Value Added The article contains quantitative methodological approach to studying current topics and developing research on the impact of education on human development, which is interdisciplinary and covers a large volume of publications. The article defines research thematic and evolutionary-temporal patterns, carries out clustering of research networks according to the affiliation of scientists (geographical and institutional aspects), and identifies leaders of scientific opinion in this field. Recommendations Future research may focus on developing a list of measurable indicators suitable for evaluating the role of education in human development, and social and economic determinants to avoid cognitive biases or irrational and distorted decision making by mainstream agents.

Government scholarships for international higher education: pathways for social change in Kazakhstan.

Globally, scholarships for international higher education play a critical role in human capital development. While substantial research has documented the benefits such scholarships provide for individuals, their impact on the creation of pathways for social change remains under-researched. This paper bridges this gap by examining the extent to which a government scholarship for international education has created pathways for social change in Kazakhstan. Data were collected through interviews with 67 scholarship alumni. Drawing on Dassin et al.'s (2018) framework for pathways to social change, the findings reveal that international education fosters social change in Kazakhstan in four ways. First, the scholarship program develops local talent and builds agents of change. Second, it widens access to international education, particularly for individuals from marginalized communities, who would otherwise lack access owing to their scarce financial resources. Third, the program develops alumni's cosmopolitan and intercultural competencies and strengthens international collaborations. Finally, it creates associations and groups through which alumni can collectively contribute to society. The findings highlight that while the interviewed alumni foster strong patriotic feelings and are determined to contribute to the prosperity of their country, underdeveloped industries, economic volatility, and top-down bureaucracy in workplaces limit their potential contributions to social changes. These findings may help policymakers and administrators to reconsider and improve on the design and structure of scholarship programs.

Assessing the determinants of renewable energy and energy efficiency on technological innovation: Role of human capital development and investement.

With rising global production and population, the globalized globe has also seen severe environmental damage. This is why renewable energy sources are important for the planet's future and human progress. In order to fight climate change and decrease emissions, promoting energy efficiency is one of the most valuable strategies. Trade patterns across borders, however, have significantly evolved. This analysis provides new evidence regarding the influence of technological progress, and more specifically, industrial innovation, on the OECD countries' international competitiveness. This article aims to analyse the effects of international commerce, FDI, and human capital on the development of renewable energy sources, energy efficiency measures, and cutting-edge technologies. In this analysis, we look at how different variables, including GDP per capita, trade, FDI, human capital, and urbanization, affect one another. To conduct the analysis, researchers used a pool of annual time series data from 2000 to 2019 for OECD economies. The long-term relationship between the variables is estimated using the AMG estimation, Cup-FM, and Cup-BC test. AMG estimation, Cup-FM estimation, and Cup-BC estimation were all used, providing valid results for the investigation. Research shows that energy efficiency, renewable energy, and technological innovation are negatively affected by FDI and urbanization but positively affected by GDP per capita, trade, and human capital. There is no statistically significant effect of human capital on the dependent variables. The estimated results also provide important policy consequences for the chosen and the other emerging economies in creating an adequate route ahead to sustainable development.

Entrepreneurial orientation driven employee retention: mediating role of human capital development

PurposeThe study explores how organizations can leverage an entrepreneurial orientation to encourage human capital development and employee retention. The mediating role of human capital development is also examined.Design/methodology/approachData was collected from 224 IT sector employees in India, and analysis was done using Covariance Based Structural Equation Modeling.FindingsSignificant, positive relationships were reported between entrepreneurial orientation and human capital development and employee retention. Furthermore, human capital development showed a positive effect on employee retention. Finally, the mediating role of human capital development in the relationship between entrepreneurial orientation and employee retention was also positively significant.Originality/valueThe study explores the role played by human capital development in strengthening the association between entrepreneurial orientation and employee retention.

Reasons for low engagement time and its impact on the implementation of the Competence-Based Curriculum (CBC) in Secondary Schools in Makoni District Zimbabwe

The study investigated reasons for low engagement time and its impact on the implementation of the Competence-Based Curriculum (CBC) in secondary schools in Makoni District of Manicaland Province. The investigation employed mixed methods research design. The target population comprised all school heads and teachers in secondary schools in the District. A convenience sampling strategy was used to select schools to participate in the study. The researchers got a list of names of secondary school heads from the District Schools Inspector. A purposive sampling technique was used to select 9 school heads who had the relevant knowledge, experience and were involved as supervisors in CBC implementation, to participate in the study. A total of 32 teachers were randomly selected, bringing the total number of respondents to 41, made up of 9 school heads and 32 teachers. A structured questionnaire with closed-ended and open-ended questions, a face-to-face interview and documentary analysis were the data-gathering instruments. Study findings revealed that the reasons for low engagement time, that had moderate to very large impact on the implementation of Competence-Based Curriculum in Secondary Schools in Makoni District, were: low remuneration of teachers; learner absenteeism; COVID 19-induced lockdowns; late attendance of lessons by learners; and shortage of teaching and learning materials. The study recommends that teachers plan and conduct interactive, interesting learner-centred lessons that motivate students to attend lessons and want to report for lessons early. Government and School Responsible Authorities are urged to staff develop and conscientise teachers on the importance of the teaching profession and its role in human capital development; and to improve teachers' conditions of service.

Does financial development mediate the impact of remittances on sustainable human capital investment? New insights from SSA countries

Remittances play an important role in human capital development in sub-Saharan Africa, particularly when it comes to helping families to pay for their children’s education, access health care and alleviate poverty. However, many countries on the continent lack the financial systems to efficiently facilitate the inflows of remittances and allow them to be used to their greatest potential such as investment in education. The education of children is particularly essential if Saharan Africa is to achieve sustainable development goal number four which aims to ensure inclusive and quality education for all by 2030 . This paper examines the impact of remittances on human capital development from 1996–2016 in sub-Saharan Africa and further explores the role financial development in this established nexus. The empirical results revealed that remittances positively influence human capital investment, but when interacted with financial development and regressed on human capital investment, we found remittances impact to be more pronounced and statistically influence human capital. This study recommends that policymakers develop proactive policies that facilitate the inflows of remittances. Our policy suggestions are based on the fact that remittance recipients in SSA countries do not have adequate funds to invest in human capital because of weak financial systems. Financial market reform is therefore paramount for attracting greater remittances into SSA countries which, in turn, could be harnessed to ease credit constraints and allow for greater investment into human capital.

Assessing the Contribution of Higher Education to Regional Development

The paper deals with the issue of assessing the contribution of higher education to regional development. The study aims to analyze new ways of assessing the contribution of universities to regional development using such indicators as (1) their contribution to the local economy, (2) their role in human capital development, and (3) their contribution to the regional innovation system. We offer an objective assessment of the contribution of higher education to the regional economy by determining the relationship between personnel training and industrial specialization characteristics. Admissions are assigned to the transparency of regional education systems and the migration of university graduates. In general, regional industry specialization justifies regional contribution to the national gross domestic product. Therefore, regions that produce goods with a high share of value-added will always have advantages. The authors argue that quantitative indicators for assessing the role of universities in regional development should be supplemented with the results of sociological surveys that can be posted on digital platforms and services.

РОЗВИТОК ЛЮДСЬКОГО КАПІТАЛУ ЯК ОСНОВА СОЦІАЛЬНО-ЕКОНОМІЧНОГО ВІДНОВЛЕННЯ УКРАЇНИ

The current stage of development of the world economy, based on advanced digital technologies, increases the relevance of education, professionalism, and creative abilities of participants in the production process. The article is aimed at substantiating the determining role of human capital development in the economic recovery of Ukraine in the post-pandemic and post-war periods. One of the comprehensive indicators for assessing the quality of human capital is the Human Development Index. This indicator measures the country's average achievements in the following aspects of human development: long and healthy life, knowledge and a decent standard of living. A review of the values of the Human Development Index and gross national income per capita of the world revealed a correlation between the two indicators. This is confirmed in the article by a graphical representation of positions of countries in the coordinate system "HDI-GNI per capita", as well as the high value of the coefficient of determination of the constructed correlation model. The mutual nature of the dependence between these indicators is formulated and substantiated. A schematic model of the relationship between human development and the economic growth of the country is proposed. The crucial role in human development of the factor of providing conditions for equal access to quality education for all segments of the population in all corners of the world is described. The article highlights targets in the field of education, the achievement of which is a benchmark of activities of the world community until 2030 according to the Sustainable Development Goals. The achievements of Ukraine in the sphere of education over the years of independence are assessed, and gaps and main directions of further work on providing the population with access to quality education are identified. The conclusion about the exceptional importance of human capital in the process of reconstruction of Ukraine is formulated.

Determinants of Human Capital Development in Ethiopia: Implications to Education Policy

The role of human capital development in the era of globalization, knowledge-based economy, and technological development cannot be underestimated. This is mainly attached to the creative and adaptive capacity of human capital (HC) in bringing multidimensional changes and developments for the individual, organization, and the country at large. However, the scenario of HC in Sub-Saharan Africa and specifically in Ethiopia remains the lowest compared to the world standard. With this premise, this study is meant to analyze the macroeconomic determinants of HC development in Ethiopia using the Autoregressive Distributed Log (ARDL) model. Time series data from 1981 to 2018 was considered for the study. The empirical result of the study revealed that GDP per capita, openness, and education policy variables were found to have a positive and significant effect on human capital development in the short and long run. On the contrary, inflation has a negative effect on human capital development only in the short run. On the other hand, no evidence was found on whether the government’s expenditure and capital-labor ratio have significant effects on human capital development. Therefore, the Ethiopian government is strongly advised to investigate its educational investment strategies in such a way that it can promote the development of HC.