Please use this identifier to cite or link to this item: http://umt-ir.umt.edu.my:8080/handle/123456789/3419
Title: Innovativeness and human capital capacity towards economic development in asia pacific
Authors: Nor Fatimah Che Sulaiman
Keywords: HD 75.9 .N6 2014
Nor Fatimah Che Sulaiman
Thesis PPSE 2014
Economic development
Issue Date: Oct-2014
Publisher: Terengganu: Universiti Malaysia Terengganu
Abstract: Scholars agree on the stylized fact that human capital and innovation are the decisive factors that explain why some countries are rich and others remain poor (Aghion et al. 2009; Goldin and Katz 2008; Goldin and Katz 1998; Jones and Romer, 2010). On the one hand, human capital is seen as a substitute for technology: Better educated managers and workers are able to increase production even when the technology they use is constant. On the other hand, human capital is interpreted as an input in the R&D process and therefore rather a complement to technology. According to this view, an increase in human capital will lead to a more efficient adaption of superior technologies thereby shifting the frontier of the production possibility set outwards.
URI: http://hdl.handle.net/123456789/3419
Appears in Collections:Pusat Pengajian Pembangunan Sosial dan Ekonomi..

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