• Journal of the Economic Geographical Society of Korea
• /
• v.12 no.4
• /
• pp.627-644
• /
• 2009

In the knowledge-based economy highlighting the importance of human capital, there has been a growing interest in human capital externalities as a fundamental engine of growth and development of a region. The purpose of this study is to analyze human capital externalities using 3-level hierarchical linear model(3-HLM), decomposing determinants of wages into three levels involving workers(level-1) nested within firms(level-2) nested within regions(level-3). This study separately estimates the effect of the average education level on the wages by three different schooling groups on the assumption that the intensity of knowledge spillovers varies with each group's schooling level. The main results are as follows; First, the coefficient of the average education level of a region shows 0.044, indicating that one-year increase in the average level of schooling could increase average individual earnings by 4.4%. Secondly, the external effects of human capital on three different schooling groups are considerably different, raising less than high school graduates' wages by 3.0%, college graduates' wages by 4.7%, and graduate schools' wages by 11.8%, respectively. Thirdly, well educated workers are much more sensitive to the variation of the regional education level than less educated ones when we apply the shares of each schooling group as alternative measures for the average level of education. Such findings of this study draw an implication that local governments could speed up regional economic growth in the knowledge-based economy by not only raising total human capital stock in a region but building the close networks that promote productivity-enhancing human capital external effects.

• Journal of the Korean Home Economics Association
• /
• v.44 no.3 s.217
• /
• pp.153-161
• /
• 2006

The purpose of this paper is to estimate the farming product function of rural women and to determine the effect of human capital. The data was based on 300 husbands and wives from 150 farms with crops of high female input time rate such as house-cucumbers, house-strawberries, roses, agaric mushrooms and apples in 2003. According to the results, the rural women were mainly engaged in harvesting, selecting, sorting and packing among about 23 working steps in the Korean farm. These works require a long time for the highly-skilled and have a very important and sensitive effect on quality, quantity, price of products and the farm's income. The cultivated experience and the major cultivation step effect had a positive relationship to farm's income for women. The machine effect was estimated significantly at 0.3976, which indicated that the high-skilled farmers have a positive correlation to farm's income. The rural women's labor value has been evaluated relatively lowly compared with men performing the same work. As an example, women are paid an average of 62.3% of the men's wage in harvesting and packing in Korea.

• The Journal of Asian Finance, Economics and Business
• /
• v.8 no.1
• /
• pp.217-224
• /
• 2021

This research seeks to determine what intellectual capital represented by indicators of conceptual skills, human skills, and technical skills plays a role in the development of financial technology. The consideration of fintech is more practical and economical. The concept of fintech is related to the rapid development of global technology by creating various new technologies, especially computer technology. This research uses secondary data; the population of this study is the top management companies in Indonesia during the new normal era. The sample in this research used a purposive sampling method, and the quantitative method. The results of this research indicate that the intellectual capital variable represented by conceptual skills has a significant positive role in the development of financial technology in the new normal era. This research posits that intellectual capital also has a role in the development of financial technology in the new normal. This is because the new normal period represents currently a new challenge in responding to the economic crisis that is resulting from Covid-19 pandemic around the world. Therefore, new concepts, new humanity, and new techniques are needed to develop financial technology, so that they can exist and encourage economic growth in this Covid-19 pandemic era.

• 한국신재생에너지학회:학술대회논문집
• /
• 2008.10a
• /
• pp.166-166
• /
• 2008

• The Journal of Industrial Distribution & Business
• /
• v.12 no.2
• /
• pp.7-17
• /
• 2021

Purpose: Previous studies have rarely examined the role of higher education for human capital development in the case of Korea. The purpose of this study is to investigate effects of higher education for international students in globalized environment on job satisfaction, globalization, and hosting country. Research questions include the following: i) how do application and improvement on work, performance, self-confidence, and use of network affect job satisfaction; ii) how do leadership, policy improvement, public diplomacy, social responsibility and global competence affect globalization?; iii) how do affective, cognitive, and behavioral components affect attitude of hosting country? Research design, data, and methodology: Online survey and interviews were conducted. For quantitative research, this study applied factor and structural equational modeling, while for qualitative research, this study applied cognitive mapping and sentimental analysis. Results: This study found that most of proposed effects showed significant. The results showed consistent for quantitative and qualitative researches. Conclusions: The results implied that higher education in global environment plays a key role to enhance job satisfaction, globalization, and attitude toward the hosting country and contributes to foster international relations significantly. The results also implied that human capital development in globalized environment helps improve global network and public diplomacy.

• Asia-Pacific Journal of Business
• /
• v.13 no.4
• /
• pp.25-43
• /
• 2022

Purpose - This study is to investigate the direct and moderating effect of intangible variable like economic freedom to facilitating factors on FDI(foreign direct investment) inflows and the difference of facilitating factors by the stage of economic development. Design/methodology/approach - Fixed-effect panel regression analysis with 19-year macro economic data from 2000 to 2019 including economic freedom index from Fraser Institute in 13 developed and 15 developing countries was used. Research implications or Originality - In analysis of direct effect of 5 sectors in economic freedom, the influence of economic freedom was shown weaker than other macro economic factors on FDI inflows, which indicates that actual development of economic factors are more important. The effect of economic freedom on FDI inflows at the stage of economic development differed. In developed countries, human capital, GDP, export, free trade and regulation affected FDI inflows in decreasing order, as did human capital, GDP, consumption expenditure, export, investment expenditure, government expenditure, free trade and sound money in developing countries. In analysis of moderating effect of economic freedom, a domestic and international market size, a flexible labor market which can provide a cheaper good human resources and government expenditures for improving social infrastructure under free economic environment facilitated FDI inflows. However, the statistical significance of moderating effect on export was not shown, which indicates that economic freedom policy itself without actual improvement of exports could not attract FDI inflows.

• Journal of the Korean Geographical Society
• /
• v.40 no.5 s.110
• /
• pp.533-552
• /
• 2005

Human capital and higher education have been increasingly emphasized with the rise of a knowledge-based economy. Cities are recognized as places to attract human capital and spur economic development. Educated workforce supply is one of the critical parts to sustain IT industries, which have been leading recent economic development. This paper examines factors affecting geographies of educated workforce supply from colleges and universities to companies in U.S. metropolitan areas through questionnaire survey and interviews with IT companies and IT-related programs at colleges and universities. The results show that: (1) physical proximity between IT companies and colleges/universities enhances the degree of educated workforce supply from colleges/universities to IT companies; (2) IT companies which seek more specialized and rarer expertise recruit the workforce from colleges or universities over longer distance; (3) colleges and universities which offer a higher degree have geographically more extensive supply of educated workforce to IT companies than those which offer a lower degree; and (4) large IT companies have more geographically extensive supply of educated workforce to colleges/universities than small IT companies.

• East Asian Economic Review
• /
• v.25 no.1
• /
• pp.3-31
• /
• 2021

This paper estimates the effects of transport (road and rail) & energy and ICT infrastructure (telephone, mobile, and broadband) on GDP growths in neighboring countries as well as own countries. We confirm positive direct contributions of infrastructure, access to Internet, and human capital on economic growth. The spatial panel regression models indicate that there exist positive externalities of the broadband infrastructure and human capital, and these results are robust regardless of the choice of spatial weight matrices. Our findings on spillover effects of infrastructure suggest the key role of neighboring countries' infrastructure on own country's economic growth.

• The Journal of the Korea Contents Association
• /
• v.14 no.11
• /
• pp.236-248
• /
• 2014

The purpose of this study was to investigate the effects of human, social and cultural capital and ecological variables on volunteering among older adults. In this study, three variables of education, income and physical health were examined as human capital factors, two variables of formal and informal interaction as social capital factors, three variables of religion, cultural organization participation and quality of life as cultural capital factors, and three variables of existence of spouse, housing tenure and residence area as ecological factors. In addition, two variables of volunteering participation and continuous volunteering participation intention were considered as dependent variables. For this study, "Senior Job Replacement Project Participants" data collected by the Korea Labor Force Development Institute for the Aged were used and analyzed employing logistic regression analysis technique. This study found that three human capital variables(education, income, physical health) had positive effects on volunteering participation and continuous participation intention among older adults; of the two social capital variables, informal interaction had a positive effect on both volunteering participation and continuous participation intention, whereas formal interaction had a positive effect only on continuous participation intention; three cultural capital variables(religion, cultural organization participation, quality of life) had positive effects on both volunteering participation and continuous participation intention; and of three ecological variables, housing tenure and residence area had positive effects on volunteering participation and continuous participation intention, whereas existence of spouse had no significant effects on dependent variables.

• Journal of the Korean association of regional geographers
• /
• v.11 no.6
• /
• pp.571-584
• /
• 2005

The population concentration in the Capital region of Korea has become an important issue for the pursuit of the balanced regional human capital development. Considering migration both as a geographic and a social movement, migration to the capital region could be examined in the push factors and the selective migrant characteristics from the out-migration region. Their relative importance reveals that age and education level are important in almost all years, but the importance of the percentage of manufacturing sector and rural/urban region moves to the years of education, the percentage of unskilled occupation and manufacturing sector and unemployment ratio recently. Since the brain drain has been occurring under the highly unbalanced regional development in Korea, the results suggest that regional human capital investment should be accompanied with enlarging quality employment opportunities to reap the benefits.