• The Journal of Asian Finance, Economics and Business
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• v.6 no.3
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• pp.151-162
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• 2019

The paper examines the effects of Foreign Direct Investment (FDI) on the economic growth of Lao People's Democratic Republic (Lao PDR) between 1993 and 2015. The investigation is based on the influence of growth and economic absorptive capability determinants such as human capital, trade openness, and institutional quality. The methodological analysis uses a multivariate framework accounting capital stock, labor stock, FDI, human capital, trade openness, and institutional quality in regression of the Vector Autoregressive model. Augmented Dickey-Fuller unit root test, Johansen Cointegration test, and Granger Causality test were applied as parts of the econometric time-series analysis approach. The empirical results demonstrate the positive effects of FDI and trade openness, and the negative effects of human capital and institutional quality on the economic growth of the Lao PDR over the 1993 to 2015 period. The findings confirm that trade openness complemented by a sufficient level of infrastructure, education, quality institutions, and transparency significantly influence economic growth and attract more FDI. Research results lend credence to the need for the Lao PDR's government to focus on improving its economic absorptive capability and economic competitiveness regionally and globally by improving wealth and resource management strategies, as failure to take this course of action could lead to the Dutch Disease effects.

• Journal of the Korea Society of Computer and Information
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• v.29 no.7
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• pp.221-229
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• 2024

As the level of economic development increases, interest in human capital is also increasing. This paper estimates and compares innovative human capital by region for 31 regions in China between 2002 and 2019. The innovative human capital in this paper consists of education-type human capital, thesis-type human capital, and patent-type human capital. In particular, unlike previous studies, this study assumes that the weight of patent-type human capital and paper-type human capital is higher than that of education-type human capital. This is because patents and thesis will have a relatively greater impact on a region's innovation capacity than simple education background. The analysis results of this paper can be summarized in three points. First, China's regional innovative human capital shows regional disparities. Second, innovative human capital by region is changing dynamically. Third, regional concentration is accelerating, especially in Beijing, Shanghai, Guangdong, and Jiangsu. Therefore, the results of this paper emphasize the importance of the role of innovative human capital in regional economic development.

• Journal of the Korea Convergence Society
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• v.8 no.6
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• pp.337-348
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• 2017

This study is intended to look into the effects of human, social and cultural capitals on economic independence and life satisfaction in disabled persons, and the reciprocal relationships. To achieve this, a survey was empirically carried out to the disabled. The findings were summarized as follows. As for the above-stated findings, human capital had a positive effect on economic independence, and social and cultural capitals had a positive effect on economic independence and life satisfaction, comparing those with rejection of the effect of human capital on life satisfaction and the effect of economic independence on life satisfaction. Consequently, human capital is not just a tonic for disabled persons' life, and economic independence has not just a reciprocal relationship as a mechanism to improve life satisfaction. Based on this result, we discussed the activation for practical and diverse human, social and cultural networking.

• Korea journal of population studies
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• v.14 no.1
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• pp.1-25
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• 1991

The Purpose of this study is to analyze the contribution of the total human capital formation to economic growth in Korea. In order to assess the contribution of the total human capital formation to economic growth, aggregate production functions are estimated using two ways of ordinary least squares and polynomial distributed lags based on 1955 - 1988 time series data in Korea. The total amount of investment in human capital is calculated by adding each amount of investment in formal education, vocational training, inter-provincial migration, and health in pecuniary terms. The findings of this study could be summarized as follows ; (1) If we enumerate the variables in good order according to the importance, we get the following ; namely, total number of labor force, inter-provincial migration, vocational training, health, physical capital, and formal education. (2) The contribution of the human capital to economic growth is much more larger than that of physical capital. In particular, it appears that inter-provincial migration and vocational training make a great contribution to economic growth. (3) It appears that investment in formal education has a continuous effect for fifteen years and maximum effect is observed approximately eight years later. In the case of vocational training, the effect of investment lasts for about 12-14 years and its effect on economic growth reaches maximum with the passage of seven to eight years after initial investment. (4) Investment in vocational training contributes more in the long run compared with investment in formal education. The effect of investment in formal education lasts longer than that of vocational training, while the effect of investment in vocational training is considerably larger in the short run compared with the investment in formal education.

• KDI Journal of Economic Policy
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• v.37 no.2
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• pp.22-39
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• 2015

After a long, dormant period, recent attention has turned to a variety of measurement issues surrounding the concept of human capital. The traditional approach of rely entirely on measures of school attainment, while convenient, is almost certainly misleading. The availability of cognitive skills measures greatly improves on these measurements, but there remains also concern about other unmeasured factors, including noncognitive skills. This paper considers alternative approaches to assessing the role of human capital on individual earnings and on economic growth.

• Journal of Family Resource Management and Policy Review
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• v.20 no.2
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• pp.19-41
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• 2016

This study examines the human capital, economic capital, and psychological factors that influence social participation among the elderly in the future. The data, 'Survey on the Elderly in 2014', were collected from 'The Ministry of Health & Welfare' and the 'Korea Institute for Health and Social Affairs'. The samples included 10,279 elderly people who were over 65 years of age. Multiple regression analysis was used to analyze the research model. The findings are as follows. First, the highest participation awareness level of all was for the hobbies and leisure activities, and the lowest participation awareness level was for volunteer activities. Second, human capital factors such as age, education level, and health status, and economic capital factors such as household consumption expenditure and standard of living signigicant affected social participation awareness among the elderly. Psychological factors such as self-esteem, depression, and the subjective age of becoming elderly, also affected the social participation awareness. Third, awareness differed by sex. In particular, age and depression were restrictions of social participation awareness that were more common among elderly women than among elderly men, although single women were more likely to participate in religious, learning, and hobby and leisure activities. In contrast, chronic diseases and household consumption expenditures were more restrictive of social participation awareness among elderly men compared to elderly women. These results show that human capital, economic capital, and psychological factors heavily influence the social participation awareness of the elderly, although the degree of influence of these factors differs by sex.

• Journal of the Korean Association of Geographic Information Studies
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• v.24 no.2
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• pp.64-77
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• 2021

The purpose of this study is to examine the spatial distribution of highly educated human capital and to identify key factors affecting their spatial distribution. We analyzed the spatial concentration and inequality using Gini's coefficient and exploratory spatial data analysis and identified the economic and amenity factors to affect the spatial concentration of highly educated human capital using spatial regression model. The findings show that the spatial pattern of highly educated human capital is concentrated, imbalanced, and clustered in Capital region and part of Chungcheong and Gangwon region. The spatial concentration were more affected by economic factor than by amenity factors. This study provides some implication on the regional economic strategies to attract the human capital.

• International Journal of Human Ecology
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• v.14 no.2
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• pp.41-51
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• 2013

This study investigated how family capital was associated with the working memory of young school-aged children from immigrant families in the United States using the New Immigrant Survey. Family capital was identified as economic, human, cultural, and social capital, and children's working memory was measured by the Digit Span scores. Poisson regression analysis was used for examining the sample of 428 children from the New Immigrant Survey. Results indicated that cultural capital within the home was positively associated with the working memory of young school-aged children whereas economic, human, and social capital was not. Implications and limitations of the study are also discussed.

• KDI Journal of Economic Policy
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• v.38 no.4
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• pp.77-94
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• 2016

This paper examines the empirical magnitude of local human capital spillovers in Korea during the 1980s and mid-1990s. Local human capital spillovers exists if plants in regions with a higher level of human capital can produce more given their own amount of input (Moretti 2004c). In particular, this paper explores an educational reform in South Korea which exogenously induced a large amount of variation in regional human capital levels. Using annually collected plant level data, I explore the effect of changes in the regional human capital levels induced by this reform on plant productivity in Korea. My results suggest that this effect is limited. I find a positive correlation between a regional level of human capital and plant productivity. However, after further addressing endogeneity using an instrumental variable, the effect of the overall regional human capital level on productivity decreases and becomes statistically insignificant.

• 한국노년학
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• v.38 no.4
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• pp.981-997
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• 2018

This paper verifies if the engagement in social activities mediates the effects of human, economic and cultural capitals on successful aging in elderly citizens. The questionnaire survey data collected from 356 elderly citizens aged 65 and over in Busan undergoes structural equation modeling for analysis. The analysis highlights the following. First, human and cultural capitals influence social engagement activities whereas economic capital does not. Second, economic capital affects successful aging whereas human and cultural capitals do not. Third, engagement in social activities impacts on successful aging. Fourth, engagement in social activities mediates the effects of human, economic and cultural capitals on successful aging. Based on these findings, this paper makes suggestions for improving the capitals and social activities of the elderly for successful aging.