Human Capital and Economic Growth in India, Indonesia, and Japan PDF Download

Author: Bas van Leeuwen
Publisher: Box Press shop
ISBN: 9088910030
Category : Economic development
Languages : en
Pages : 355

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Author: Surya Prakash Tripathi
Publisher: LAP Lambert Academic Publishing
ISBN: 9783659391897
Category :
Languages : en
Pages : 116

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Book Description
Knowledge is our most powerful engine of creation, production, transmission and reception of knowledge- all these require well developed human capacities. Human capital formation plays an important role in economic development in developed world as well as it is playing important role in developing countries like India. The effective use of physical capital itself is dependent upon human capital. Technical, professional and administrative people require physical capital to make effective use of raw material resources. The third world countries have remained underdeveloped want of adequate amount and appropriate quality of human capital. The general population in India is either illiterate or their level of education is very low; most of them are unskilled and untrained and their general health is very poor. Therefore, large -scale investment in human capital is needed if physical capital available to India or developing countries is to be exploited in a more efficient way.

Author: Ma. Jesús Freire-Serén
Publisher:
ISBN:
Category :
Languages : en
Pages : 25

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Author: Mr.Vito Tanzi
Publisher: International Monetary Fund
ISBN: 1451950446
Category : Business & Economics
Languages : en
Pages : 14

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Book Description
The present paper takes a fresh theoretical and empirical look into the relationship between Wagner’s law and economic development. It introduces human capital into a classic two-sector model of unbalanced growth. It shows that, as an economy develops, changes in the relative returns to human capital and unskilled labor, as a result of changes to their relative scarcities, could have a significant impact on the size of the government sector, depending in part also on the difference in relative factor intensities between outputs of the private and government sectors. This conjecture is broadly supported by empirical evidence based on a cross-section analysis of a large sample of developed and developing countries.

Author: Mr.Paolo Mauro
Publisher: International Monetary Fund
ISBN: 1451842503
Category : Business & Economics
Languages : en
Pages : 28

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Book Description
This study constructs an index of human capital for the Spanish labor force over the past two decades and projects it over the next decade on the basis of likely demographic developments. The methodology considers both educational attainment resulting from formal schooling and improvements in workers’ productivity resulting from experience, or “learning by doing.” Furthermore, it allows for the fact that people with higher education accumulate human capital through learning by doing at a faster pace than less educated workers or, in other words, that the full returns to formal schooling are realized with a lag of many years. Using this index, a growth accounting exercise is conducted to estimate the impact of human capital accumulation on economic growth over the past two decades. Finally, potential output growth is projected over the next few years, taking into account the impact of human capital accumulation.

Author: Svitlana V. Maksymenko
Publisher:
ISBN:
Category :
Languages : en
Pages : 36

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Book Description
By employing a multivariate time series model, this study advances theoretical and empirical research on the role of economic reforms and human capital accumulation in the post-reform economic growth. We construct two indexes - a human capital index and a composite economic reform index - and perform a cointegration analysis of a long-run equilibrium growth path in India and South Korea twelve years after the implementation of reform. The significant positive effect of human capital accumulation is revealed in both India and South Korea. The impact of economic reforms is found to be heterogeneous across countries: the effect is positive, significant, and sizable in South Korea, while it is negative and relatively small in India. This result is suggestive of different degrees of efficiency of reform measures implementation in two countries.

Author: Natteri Siddharthan
Publisher: Springer Science & Business Media
ISBN: 8132208579
Category : Business & Economics
Languages : en
Pages : 161

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Book Description
The papers included in this volume cover several aspects of human capital. It starts with the role of human capital in influencing productivity, employment and growth of employment. The chapters show that Indian States that have been neglecting schooling and health facilities have become victims in terms of low productivity and lower rates of employment. Consequently, employment cannot be increased without spending on education and health. Furthermore, the unorganised sector in India cannot provide gainful employment as productivity in this sector is low and is also declining. Skill intensity influences mainly productivity in the organised sector. As a result, states that have been neglecting human capital would lose on both counts. The chapters also reveal that human capital could be substituted for energy use and help in reducing energy consumption and pollution. India is also one of the important exporters of human capital and the non resident Indians send remittances back to India. The volume indicates that remittances play a significant role in poverty reduction and increase in per capita consumption levels. In addition remittances, unlike foreign direct investments and portfolio investments, are less erratic and are not influenced by slowdown in the world economy. Poverty could also be directly attacked through the use of anti poverty programmes like NREGA. This volume provides an analytical framework and a theoretical model to analyse the impact of these programmes to examine their influence on labour demand, income, prices and productivity. The volume also emphasises the crucial role of the government in directly running education institutions. As seen from the volume government run engineering institutions are technically more efficient than the private run ones.

Author: Bernadette Andreosso-O'Callaghan
Publisher:
ISBN:
Category :
Languages : en
Pages : 12

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Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292571621
Category : Education
Languages : en
Pages : 225

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Book Description
This report was prepared with the primary objective of drawing insights on how Asian economic giants India and the People's Republic of China leveraged education and skills development to advance economic growth. The analysis presented similarities and differences in human capital development strategies and their outcomes that helped define development pathways between the two countries. It also outlined the prospects for human capital development in the sustainability of the two countries' economic growth. The report was completed in 2014 under the Development Partnership Program for South Asia: Innovative Strategies for Accelerated Human Resource Development in South Asia (TA-6337 REG).

Author: Howell H. Zee
Publisher:
ISBN:
Category :
Languages : en
Pages : 14

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Book Description
The present paper takes a fresh theoretical and empirical look into the relationship between Wagner`s law and economic development. It introduces human capital into a classic two-sector model of unbalanced growth. It shows that, as an economy develops, changes in the relative returns to human capital and unskilled labor, as a result of changes to their relative scarcities, could have a significant impact on the size of the government sector, depending in part also on the difference in relative factor intensities between outputs of the private and government sectors. This conjecture is broadly supported by empirical evidence based on a cross-section analysis of a large sample of developed and developing countries.