FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W1215704907> ?p ?o ?g. }

• W1215704907 endingPage "118" @default.
• W1215704907 startingPage "71" @default.
• W1215704907 abstract "Recent discussion of the knowledge-based economy draws increasingly attention to the role that the creation and management of knowledge plays in economic development. Development of human capital, the principal mechanism for knowledge creation and management, becomes a central issue for policy-makers and practitioners at the regional, as well as national, level. Facing competition both within and across nations, regional policy-makers view human capital development as a key to strengthening the positions of their economies in the global market. Against this background, the aim of this study is to go some way towards answering the question of whether, and how, investment in education and vocational training at regional level provides these territorial units with comparative advantages. The study reviews literature in economics and economic geography on economic growth (Chapter 2). In growth model literature, human capital has gained increased recognition as a key production factor along with physical capital and labour. Although leaving technical progress as an exogenous factor, neoclassical Solow-Swan models have improved their estimates through the inclusion of human capital. In contrast, endogenous growth models place investment in research at centre stage in accounting for technical progress. As a result, they often focus upon research workers, who embody high-order human capital, as a key variable in their framework. An issue of discussion is how human capital facilitates economic growth: is it the level of its stock or its accumulation that influences the rate of growth? In addition, these economic models are criticised in economic geography literature for their failure to consider spatial aspects of economic development, and particularly for their lack of attention to tacit knowledge and urban environments that facilitate the exchange of such knowledge. Our empirical analysis of European regions (Chapter 3) shows that investment by individuals in human capital formation has distinct patterns. Those regions with a higher level of investment in tertiary education tend to have a larger concentration of information and communication technology (ICT) sectors (including provision of ICT services and manufacture of ICT devices and equipment) and research functions. Not surprisingly, regions with major metropolitan areas where higher education institutions are located show a high enrolment rate for tertiary education, suggesting a possible link to the demand from high-order corporate functions located there. Furthermore, the rate of human capital development (at the level of vocational type of upper secondary education) appears to have significant association with the level of entrepreneurship in emerging industries such as ICT-related services and ICT manufacturing, whereas such association is not found with traditional manufacturing industries. In general, a high level of investment by individuals in tertiary education is found in those regions that accommodate high-tech industries and high-order corporate functions such as research and development (R&D). These functions are supported through the urban infrastructure and public science base, facilitating exchange of tacit knowledge. They also enjoy a low unemployment rate. However, the existing stock of human and physical capital in those regions with a high level of urban infrastructure does not lead to a high rate of economic growth. Our empirical analysis demonstrates that the rate of economic growth is determined by the accumulation of human and physical capital, not by level of their existing stocks. We found no significant effects of scale that would favour those regions with a larger stock of human capital. The primary policy implication of our study is that, in order to facilitate economic growth, education and training need to supply human capital at a faster pace than simply replenishing it as it disappears from the labour market. Given the significant impact of high-order human capital (such as business R&D staff in our case study) as well as the increasingly fast pace of technological change that makes human capital obsolete, a concerted effort needs to be made to facilitate its continuous development." @default.
• W1215704907 created "2016-06-24" @default.
• W1215704907 creator A5001390998 @default.
• W1215704907 creator A5071645032 @default.
• W1215704907 date "2004-01-01" @default.
• W1215704907 modified "2023-09-25" @default.
• W1215704907 title "Empirical analysis of human capital development and economic growth in Europe" @default.
• W1215704907 hasPublicationYear "2004" @default.
• W1215704907 type Work @default.
• W1215704907 sameAs 1215704907 @default.
• W1215704907 citedByCount "1" @default.
• W1215704907 crossrefType "book-chapter" @default.
• W1215704907 hasAuthorship W1215704907A5001390998 @default.
• W1215704907 hasAuthorship W1215704907A5071645032 @default.
• W1215704907 hasConcept C162324750 @default.
• W1215704907 hasConcept C17744445 @default.
• W1215704907 hasConcept C190430219 @default.
• W1215704907 hasConcept C199539241 @default.
• W1215704907 hasConcept C24649204 @default.
• W1215704907 hasConcept C27548731 @default.
• W1215704907 hasConcept C2776943663 @default.
• W1215704907 hasConcept C44750222 @default.
• W1215704907 hasConcept C50522688 @default.
• W1215704907 hasConcept C58202505 @default.
• W1215704907 hasConcept C74363100 @default.
• W1215704907 hasConcept C9127897 @default.
• W1215704907 hasConcept C94625758 @default.
• W1215704907 hasConceptScore W1215704907C162324750 @default.
• W1215704907 hasConceptScore W1215704907C17744445 @default.
• W1215704907 hasConceptScore W1215704907C190430219 @default.
• W1215704907 hasConceptScore W1215704907C199539241 @default.
• W1215704907 hasConceptScore W1215704907C24649204 @default.
• W1215704907 hasConceptScore W1215704907C27548731 @default.
• W1215704907 hasConceptScore W1215704907C2776943663 @default.
• W1215704907 hasConceptScore W1215704907C44750222 @default.
• W1215704907 hasConceptScore W1215704907C50522688 @default.
• W1215704907 hasConceptScore W1215704907C58202505 @default.
• W1215704907 hasConceptScore W1215704907C74363100 @default.
• W1215704907 hasConceptScore W1215704907C9127897 @default.
• W1215704907 hasConceptScore W1215704907C94625758 @default.
• W1215704907 hasLocation W12157049071 @default.
• W1215704907 hasOpenAccess W1215704907 @default.
• W1215704907 hasPrimaryLocation W12157049071 @default.
• W1215704907 hasRelatedWork W1569363329 @default.
• W1215704907 hasRelatedWork W1622880663 @default.
• W1215704907 hasRelatedWork W221403599 @default.
• W1215704907 hasRelatedWork W2271762627 @default.
• W1215704907 hasRelatedWork W2537918845 @default.
• W1215704907 hasRelatedWork W2561220520 @default.
• W1215704907 hasRelatedWork W2765485524 @default.
• W1215704907 hasRelatedWork W2800397117 @default.
• W1215704907 hasRelatedWork W2902777486 @default.
• W1215704907 hasRelatedWork W2997304886 @default.
• W1215704907 hasRelatedWork W3014852680 @default.
• W1215704907 hasRelatedWork W3015621006 @default.
• W1215704907 hasRelatedWork W3043738792 @default.
• W1215704907 hasRelatedWork W3122248530 @default.
• W1215704907 hasRelatedWork W3122623463 @default.
• W1215704907 hasRelatedWork W3124025149 @default.
• W1215704907 hasRelatedWork W3144314357 @default.
• W1215704907 hasRelatedWork W3177859643 @default.
• W1215704907 hasRelatedWork W337820556 @default.
• W1215704907 hasRelatedWork W2224996129 @default.
• W1215704907 isParatext "false" @default.
• W1215704907 isRetracted "false" @default.
• W1215704907 magId "1215704907" @default.
• W1215704907 workType "book-chapter" @default.