Human capital and productivity for Korea's sustained economic growth

Share of labor force by industry in Korea, 1970–2000. The growth of output per worker is 4.6% per annum between 1970 and 2001, which is composed of contributing factors from capital deepening of 2.3%p, human capital growth of 0.4%p, and productivity growth of 2.0%p.

Mineral resources depletion, environmental degradation, and

Resources become scarce as economic growth increases rents. • Mineral mining and extraction can damage the environment, polluting land, and water. ... natural capital appears to be the source of other kinds of capital. Their contributions to the economy, income, and poverty reduction are significant. ... Linking innovative human …

(PDF) The The Adequacy of Human Capital for the Fourth …

The findings revealed that the adoption of industry 4.0 technologies in the Zimbabwean mining industry was still in its infancy and there was limited investment in human capital development.

Overview: Future Drivers of Growth in Rwanda

essential drivers of growth innovation, integration, agglomeration, and competition and reforms in six priority areas: human capital development, export dynamism and regional integration, well-managed urbanization, competitive domestic enterprises, agricultural modernization, and capable and accountable public institutions. Government …

The Impact of Mining on the Ghanaian Economy: A

The findings reveal that mining has been a significant driver of economic growth in Ghana, contributing to the country's gross domestic product (GDP) through foreign exchange earnings, investment ...

The contributions of human capital, R&D spending and …

The effects of human capital and R&D on TFP growth varied with the productivity gap. Further, there was a threshold effect in convergence, where stronger TFP growth was associated with both a larger productivity gap and a higher initial level of productivity. Spatial spillover effects had a positive impact upon TFP growth.

Human Capital and its Demand in the Mining Industry

The article highlights the problem of the importance of human capital for mining enterprises. The author substantiates the increase of the importance of the health capital of an …

The contribution of human capital to economic …

/// The contribution of human capital to economic growth 4 highlighted in Jones (2014, 2019). Most of these departures from the neoclassical perspective argue for an

Contribution of safety to economic growth: A case study of China mining

Then, this paper measures the contribution of capital formation to the growth of these sectors, the effects of the Great Leap Forward of 1958–1962 and of the Cultural Revolution of 1966–1976 ...

A Literature Review of Human Capital and Economic Growth …

An investment that concentrates on physical capital and human capital encourages more. economic growth, which reinforces the idea that at the steady-state, growth is a direct result. of the level ...

The impact of mining foreign direct investment on …

The study established that foreign direct investment into the mining sector hurts economic growth in Ghana in the long run but a positive in the short run. The study also finds that private sector credit, capital. Goodness Aye, Agricultural Economics, University of Agriculture, Makurdi Benue State, Nigeria.

Externalities of human capital

Human capital can also affect technology and preferences. Following Uzawa (1965), Lucas (1988) considers the role of human capital on labor productivity and, then, as an engine of perpetual growth. In his influential contribution, Lucas also introduces human capital as a potential productive externality in the production function.

Liberia Overview: Development news, research, data | World Bank

Liberia's current account deficit remained high in 2023, despite increased gold exports. The country's current account deficit increased to 24.4% of GDP, up from 17.7% in 2022. The increase in the current account deficit was driven by trade dynamics. The trade deficit worsened to 18.4% of GDP, from 11.8% in 2022, as growth in imports driven ...

ER&I 2021 Human Capital Trends: Mining & Metals

This year's trends leverage findings from our Global Human Capital Trends survey with about 6,000 respondents in 99 countries; nearly 10% of respondents were from ER&I. …

Zimbabwe Overview: Development news, research, data | World Bank

Zimbabwe's economic development continues to be hampered by several challenges. Real GDP is estimated to have grown by 5.5% in 2023, after a 6.5% growth in 2022, due to an expansion in agriculture, mining, and remittances-induced services growth. Nevertheless, macroeconomic volatility fueled by monetary instability and …

Rethinking mining as a development panacea: an analytical …

While mining has several positive contributions to growth, such growth may not be realised if certain aspects of human life are not considered. For example, …

Sustainable mining important for future growth in Namibia

Global forecasts indicate that the demand for minerals will grow exponentially with minerals such as graphite, lithium, copper, and cobalt, which could increase by 500% by 2050, to meet the growing demand for clean energy technologies and to maintain global warming by 2100 to below 2 °C. The World Bank Group has estimated that this …

Does human capital matter for growth in OECD countries?

First, we argue that the counter-intuitive results on human capital in growth regressions are influenced by the poor quality of the data, even for the OECD countries. For this reason, we use a new dataset compiled at the OECD. Second, and more importantly, we argue that the econometric approach plays an important role in previous results.

Leveraging Zimbabwe's mineral endowment for economic

Mining companies contribution to human development. Mining companies contribute to human development through the taxes paid to the government and through employment; domestic procurement and infrastructure construction usually addressed by the "local content policy" and the second channel is the direct spending in social projects …

Human Capital and Growth: Specification Matters

Abstract. This paper suggests that the weak empirical effect of human capital on growth in existing cross-country studies is partly the result of an inappropriate specification that does not account for the different channels through which human capital affects growth. A systematic replication of earlier results from the literature shows that ...

Human capital, innovation, and inclusive growth in sub …

The impact of human capital on inclusive growth manifests in several forms. An improvement in human capital can directly influence inclusive growth and indirectly through innovation. Also, human capital serves as a key driver of innovation and knowledge diffusion hence, enhancing labour capacity will facilitate new ideas and …

Mineral extraction and long-term human capital accumulation

This study examines the long-term impacts of early coal mining on human capital outcomes. Based on coal mines across 260 prefectures in late Qing China (c.1840–1912), we find that early coal mining l...

Open Knowledge Repository

Abstract. Many low and middle-income mineral-rich countries have experienced strong growth for a decade or longer, propelled by a rapid expansion of their mineral exports and a rise in prices of these commodities. This sustained strong economic performance goes against the accepted wisdom that even though the mining sector, like other ...

Capital accumulation and sustainable development in …

The GDP per capita is a useful indicator of economic health. Natural sources, gross-capital creation, and energy depletion are the explanatory factors, whereas urbanization is the control variable (Abid et al., 2021).Natural resource rents encompass earnings from all natural resource extraction activities, such as oil and gas extraction, …

Mining growth triggers demand for skilled human capital

THE growth of the mining sector in Zimbabwe through new investments and re-opening of closed mines is creating huge demand for skilled human capital, which calls for improved training capacity for ...

The contributions of human capital, R&D spending and

One important perspective is the contribution of human capital and investments in research and development to growth along with convergence (Männasoo, Hein, and Ruubel 2018), but this alone does ...

Corporate social responsibility and economic growth in the …

Our research shows a remarkable association with the literature in two ways. Firstly, it depicts the positive contribution of CSR initiatives to the economic growth of …

Data on examining the role of human capital in the energy-growth …

The human capital index available since PWT version 8.0 makes empirical researches with a focus on human capital and cross-country comparisons more viable [2]. It is calculated based on average years of education and an estimated rate of return to education from the Mincer equation [3] .

Human capital, economic growth, and regional inequality in …

Although it has long been believed that human capital plays a fundamental role in economic growth, studies based on cross-country data have produced surprisingly mixed results (Barro, 1991, Mankiw et al., 1992, Benhabib and Spiegel, 1994, Islam, 1995, Krueger, 1995, Pritchett, 2001, Temple, 2001).One reason for this uncertainty is that the …

The Contribution of the Mining Sector to Socioeconomic

Many low and middle-income mineral-rich countries have experienced strong growth for a decade or longer, propelled by a rapid expansion of their mineral exports and a . The …

Economic growth in developing countries: The role of human capital

The focus on human capital as a driver of economic growth for developing countries has led to undue attention on school attainment. Developing countries have made considerable progress in closing the gap with developed countries in terms of school attainment, but recent research has underscored the importance of cognitive skills for …