• Journal of Labour Economics
• /
• v.26 no.3
• /
• pp.29-47
• /
• 2003

The study analyzes how effective the Government Internship Program has been on accumulation of the human capital. The Program was designed under the foreign exchange crisis to support the new, but unemployed graduates with MA or Ph.D degree in the science and the engineering fields. The survey data is collected from the participants in the Program. The Tobit model is estimated to find the economic effects of the Program in terms of the rate of return of investment in the human capitals of the intern researchers. Considering that the Program is tentative and that the human capitals of the participants are easily obsolescent, the rate of return is observed to be substantially large. These results imply that the Internship Program has been successful in terms of providing not only the researchers with the opportunity to accumulate the human capital by means of the on-the-job-training, but also the institutes or the firms with the opportunity to utilize the high-quality researchers at the low cost.

• The Journal of the Korea Contents Association
• /
• v.15 no.8
• /
• pp.564-578
• /
• 2015

The present study is aimed to investigate antecedents(person-job fit, human capital investment) and outcome variable(subjective career success) of continuous-related career learning, and to demonstrate mediating effects of continuous-related career learning. The data which was applied to analysis was collected from 241 office workers who have worked for automobile company in Ulsan and public companies in Jeju and applied temporal separation of measurement as an alternative for common method bias. The results are as follows. First, person-job fit, human capital investment affected to career-related continuous learning positively. Second, the impacts of career-related continuous learning to subjective career success was positively significant. Third, the mediating effects by career-related continuous learning demonstrated statistically significant in the links between antecedents-outcome variables as partial mediation. Implications of this study contribute to expand research area of continuous-related career learning with regard to job and organizational variables, and to facilitate of research interests on subjective career success. In addition, the mechanism of career advance was empirically proved by continuous-related career learning.

• Journal of the Korean Home Economics Association
• /
• v.41 no.5
• /
• pp.221-232
• /
• 2003

This study examined the investment in human capital of Korean urban households. Data for this study were from the 2001 Household Income and Expenditure Survey and consisted of a sample of 2,681 households. The results of Gini's concentration coefficient showed high inequality of investment in human capital. To investigate which factors influence investments in human capital, various socio-demographic variables were analysed. High investment in human capital is shown in high society indicating that they transmit the advantage of education to their descendants. The results of this study is useful for welfare professionals who work in family well-being.

• Journal of the Korea Academia-Industrial cooperation Society
• /
• v.18 no.10
• /
• pp.588-596
• /
• 2017

Although many policy makers and scholars argue that foreign direct investment is crucial to the economic growth of developing countries, there is no universal agreement on the positive relationship between foreign direct investment inflows and economic growth. Using a cross-country analysis based on data from 88 countries for the years 1990-2015, this paper empirically explores the impact of FDI on economic growth. To this end, several versions of the neoclassical growth models, explicitly including FDI, are estimated. Subject to the appropriate caveats, the results provide further support for several key conclusions of former studies, including the inference that investment in physical capital, population growth, and human capital are important in accounting for economic growth across countries. The results show that FDI significantly contributes to economic growth in developing countries.

• Journal of Family Resource Management and Policy Review
• /
• v.17 no.4
• /
• pp.145-170
• /
• 2013

The purpose of this study was to figure out married female immigrants' experience and process of investing in human capital in Korea. The participants were 11 women from multicultural families who had experience of investing in human capital in Korea, could communicate in the Korean language, and were living in Daegu. The data were collected using intensive interviews. The major findings were as follows: The participants' level of education and work experience in native country were not accepted as human capital and offered no advantages or obtaining employment in Korea, while English language skills were useful for those pursuing an English lecturer position. The motives for investing in human capital were 'adjusting to early stage of marriage and a new environments', 'for their childrens' education', 'to improve female immigrants' level of education', 'seeking a better job', and 'advocating more education'. The types of investing in human capital were 'learning Korean language and culture', 'applying to Open University or taking a middle or high school qualification examination', 'obtaining certification', and 'entering regular university'. The participants' plans for investing in the future were 'finding their own job', 'entering regular university', and 'participating in useful educational programs including Korean language skills for daily life' The results showed that the participants' motives for investing in human capital were related in the stage of their marriage. The phases and changes in their motives during a marriage proved that the participants continued to invest in human capital according to their needs and situation.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
• /
• v.2 no.4
• /
• pp.1-17
• /
• 2007

There are many different types of risk capital competing for deals in the korean entrepreneurial capital market. In the past, even though korean private venture capitalists did not have their distinctive competitive advantages, due to government support and subsidies, they could be survived in the market. However, the government controlled area has changed to a market driven area which emphasizes market forces and competition rather than support and protection. In order to be competitive, Korean private venture capital firms need to recruit high calibre professionals and build required financial skills for wise entrepreneurial investments. The purpose of this article is to analyze the relationships among firm characteristics, human resources, and investment strategies of korean venture capital firms. We can find that the asset size of venture capital firms has a positive effect on the size of their human resources. However, we can not find any relationship between firm characteristics and investment strategies of venture capitals. Even though we find some evidences among some variables, we need to interpret the results very carefully. Further research would be needed to carried out to clarify the disputable interpretations and our understanding of this area.

• 한국산학경영학회:학술대회논문집
• /
• 2006.06a
• /
• pp.209-218
• /
• 2006

창업자본시장에는 다양한 유형의 자본이 서로 경쟁하고 있다. 과거에는 벤처캐피탈이 정부의 보조금과 지원으로 경쟁력이 부족한 업체도 시장에서 생존할 수 있었다. 하지만, 산업환경이 많이 바뀌었고 오늘날의 경쟁적인 환경하에서 적응하기 위해서는 벤처캐피탈 회사는 필요한 인적자원을 확보하고 경쟁우위의 원천인 지식과 테크닉을 축척해야 한다. 본 논문은 조직상황의 차이에 따라 벤처캐피탈의 인적자원의 특성의 차이가 있는지 인적자원과 조직상황의 특성의 차이에 따라 투자전략은 영향을 받는지 실증 연구하였다.

• Proceedings of the Korean Statistical Society Conference
• /
• 2000.11a
• /
• pp.91-95
• /
• 2000

본 연구는 우리나라 산업구조에 있어서 지식과 기술의 영향을 파악하기 위하여 기술지표(R&D, IT집약도, 특허)와 인적자원지표(R&D인력, 대졸자수, 과학기술인적자원)를 기초로 117개 산업에 대한 지식기반도 측정을 시도한 것이다. 지식기반도 측정을 위한 분석모형으로 LISREL 모형이 적용되었다. 지식기반산업에 대한 기존의 연구로서는 OECD(1996)에 의한 R&D 직접투자와 간접투자를 이용한 분석이 있으나 기술과 인적자본 지표를 모두 활용하여 계량적으로 분석한 것은 새로운 시도이다.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
• /
• v.9 no.6
• /
• pp.23-35
• /
• 2014

In developing countries where many of these institutions exist in relatively weak form, the investment pattern of VCs in developing countries may differ from one of VCs in developed countries. Given this situation, the research question of this study is how venture capitals invest new technology based ventures in developing countries. To address the research question, our study employs insight from signaling theory and examines two ways. First, what are the internal value of new technology based ventures and the identity of endorsing organization signaling to venture capitals' investment in developing countries? Second, Do venture capitals play a pivotal role for the growth of new technology based ventures in developing countries? This study then tests these hypotheses using the new technology based ventures in Korea which is regarded as an example of developing countries in Northeas tern Asia. Entrepreneur's prior work experience in a related industry in the human capital variables and collaboration with business groups and certification of venture company in the endorsement variables result in obtaining venture capital's investment and superior new technology based venture's growth whereas entrepreneur's educational level has no effect on venture capital's investment and firm's growth.

• Journal of Labour Economics
• /
• v.40 no.4
• /
• pp.91-114
• /
• 2017

This paper shows that when children's ability is heterogeneous, a parent's choices about educational expenditures and fertility follow a pooling equilibrium or a separating equilibrium. Which of the two equilibria will prevail depends on the probability of getting a high-ability child as well as productivity differentials in producing children's adult human capital. Adopting the model of Acemoglu's (1999), this paper presents that the outcome of the pooling choice in the pooling regime and the outcome of the separating choice in the separating regime make the growth rate of human capital higher than otherwise. In addition, as the probability of a high-ability child increases, the growth rate of human capital in the separating equilibrium exceeds that in the pooling equilibrium.