Advertisement

Human Capital and Development: Introduction

  • N. S. Siddharthan
  • K. Narayanan
Chapter

Abstract

Given the contemporary socio-economic reality in terms of disparities in standard of living, inequity in access to resources, policy asymmetries across countries and coexistence of higher growth with poverty in developing countries, it is widely believed that there is a need for enhancement and appropriate utilisation of human skills to foster development. India and other large emerging economies have great potential for achieving high-economic growth if only they could use their demographic dividend much more judiciously. There has been a great deal of theoretical understanding and rich empirical evidence on the link between human capital and development. However, the gross enrolment ratio in both school and higher education has been a cause for concern in several developing countries. The needs of the changing pattern of industrialisation, which demands more and more skilled manpower, are also going unmatched by the supply. What are the paradigms available in the context of modern development? How appropriate could they be specifically for India? How can one evaluate the suitability of different paradigms? What are the interlinkages between skill content of the workforce and competitiveness of industries? These are some of the questions that we have addressed in this volume.

Keywords

Human Capital Foreign Direct Investment Total Factor Productivity Vocational Education General Education 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

  1. Alvan A, Ghosh BN (2010) Productivity and growth in Turkish manufacturing industry: 1980–2001. J Develop Areas 43(2):187–219CrossRefGoogle Scholar
  2. Barro RJ (1992) Human capital and economic growth. In: Proceedings of Federal Reserve Bank of Kansas City, pp 199–230Google Scholar
  3. Broadman HG, Sun X (1997) The distribution of foreign direct investment in China. World Econ 20(3):339–361CrossRefGoogle Scholar
  4. Brynjolfsson E, Hitt LM (2000) Beyond computation: information technology, organizational transformation and business performance. J Econ Perspect 14(4):23–48CrossRefGoogle Scholar
  5. Ciccone A, Papaioannou E (2009) Human capital structure of production and growth. Rev Econ Stat 91(1):66–82CrossRefGoogle Scholar
  6. Doctor M (2007) Boosting investment and growth: the role of social pacts in the Brazilian automotive industry. Oxf Dev Stud 35(1):105–30CrossRefGoogle Scholar
  7. Foster AD (2011) Creating Good Employment Opportunities for the Rural Sector. Asian Development Bank Economics working paper series no. 271, http://dx.doi.org/10.2139/ssrn.1940166
  8. Glaeser E, Scheinkman J, Shleifer A (1995) Economic growth in a cross-section of cities. J Monet Econ 36:117–143CrossRefGoogle Scholar
  9. Horowitz A, Schenzler C (1999) Returns to general, technical and vocational education in developing countries: recent evidence from Suriname. Educ Econ 7(1):5–20CrossRefGoogle Scholar
  10. Karlan D, Valdivia M (2006) Teaching entrepreneurship: impact of business training on microfinance clients and institutions. Yale University, MimeoGoogle Scholar
  11. Kim KS (1998) Global integration, capital and labor: a north–south comparative perspective. In: Dabir-Alai P, Odekon M (eds) Economic liberalization and labor markets. Greenwood Press, Westport, pp 25–44Google Scholar
  12. Lall S (1999) India’s manufactured exports: comparative structure and prospects. World Dev 27(10):1769–1786CrossRefGoogle Scholar
  13. Lanjouw P, Murgai R (2008) Poverty decline, agricultural wages and non-farm employment in rural India: 1983–2004. Working paper no. 437, Stanford UniversityGoogle Scholar
  14. Malamud O, Pop-Eleches C (2008) General education vs. vocational training: evidence from an economy in transition. Working paper no. 0807, University of ChicagoGoogle Scholar
  15. Newhouse D, Suryadarma D (2011) The value of vocational education: high school type and labor market outcomes in Indonesia. World Bank Econ Rev 25(2):296–322Google Scholar
  16. Noorbakhsh F, Paloni A, Youssef A (2001) Human capital and FDI inflows to developing countries: new empirical evidence. World Dev 29(9):1593–1610CrossRefGoogle Scholar
  17. Romer PM (1986) Increasing returns and long-run growth, the journal of political economy, 94 (5) 1002–1037Google Scholar
  18. Salvanes KG, Forre ES (2003) Effects on employment of trade and technical change: evidence from Norway. Economica 70:293–329CrossRefGoogle Scholar
  19. Siddharthan NS (2009) FDI, determinants, constraints and impact: India–China comparison. In: Agarwal M (ed) India’s economic future. Social Science Press, New Delhi, pp 71–102Google Scholar
  20. Simon CJ, Nardinelli C (2002) Human capital and the rise of American cities, 1900–1990. Reg Sci Urban Econ 32:59–96CrossRefGoogle Scholar
  21. Wei Y (1999) The regional distribution of foreign direct investment in China. Reg Stud 33(9):857–67CrossRefGoogle Scholar
  22. Yeaple SR (2003) The role of skill endowments in the structure of US outward FDI. Rev Econ Stat 85(3):726–34CrossRefGoogle Scholar

Copyright information

© Springer India 2013

Authors and Affiliations

  1. 1.Madras School of EconomicsChennaiIndia
  2. 2.Department of Humanities and Social SciencesIndian Institute of Technology BombayMumbaiIndia

Personalised recommendations