Open Access Subscription Access
Open Access Subscription Access
Human Capital formation and Economic Development: A Case Study in Lakhimpur District of Assam
Economic development truly falls on human capital formation. Human capital formation extend competency in terms of knowledge, skills, efficiency, technology adoption, time management, labour mobility of the work force. Even human capital formation increase welfare by reducing interpersonal and interregional disparities. The study on human capital for economic development is much more important in a labour surplus economy like India than a developed nation. Available literature in this area indicates a district level study gape especially in Assam. Therefore, this study is taken to fill the gape to some extent and to focus the importance of human capital in economic development
Human Resource, Human Capital, Human Capital Formation, Economic Development
- Bashir, A.K. (2005) “Education as a Factor of Human Capital Formation in Pakistan” Journal of Agricultureand Social Sciences., Vol. 1, No. 4
- Beach, C.M. Boadway, R.W and Bruce, N. (1988) Taxation and Savings in Canada, Economic Council of Canada, Technical Paper (Ottawa: Economic Council of Canada)
- Becker, G.S. (1962) “Investment in human capital”. Journal of Political Economy, 70:11-3
- Becker, G.S. (1967) Human capital and Personal Distribution of Income, Woytinsky Lecture (University of Michigan)
- Burnhill, P. Garner, C. McPherson, A. (1990) “Parental education, social class and entry to higher education 1976-86”, Journal of the Royal Statistical Association, Series A, 153(2), pp. 233-248.
- Carnevalle, A., Gainer, L., & Villet, J. (1990). Training in America: The organization and strategic role of training. San Francisco: Jossey-Bass.
- Charles, P. and K. Berger, (1988) Economic Development, 4th Ed. McGrawhill Book, Co. London.
- Daniel, M. and Marc St-Pierre. (2004) “Unequal opportunities and Human Capital Formation” Brown University and Banco de la Republica, Colombia. J24, J31, O15, D33
- Denison. (1967) Why growth rates differ, published in Brookings Institute, Washington.
- Emily, F. (2009) The impact of EU Accession on Human Capital Formation. Can Migration Fuel a Brain Gain? Policy Research working paper-4845. The World Bank Development Economic Policy Review unit February (2009)
- Gilbert, T. F. (1996). Human competence: Engineering worthy performance. Washington, D C: The International Society for Performance Improvement.
- Ginther, D. Haveman, R. and Wolfe, B. (2000) “Neighborhood Attributes as Determinants of Children’s Outcomes: How Robust are the Relationships”, Journal of Human Resources, Vol. 35, No. 4, pp. 603-642
- Glaeser, E.L. (1994) “Why Does Schooling Generate Economic Growth?” Economics Letters 44(3), pp. 333-337
- Glomm, G. Ravikumar, B. (1992) “Public Versus Private Investment in Human Capital: Endogenous Growth and Income Inequality”, Journal of Political Economy 100, pp. 818-834
- Grossman, G. M. and Helpman, E. (1991) Innovation and Growth in the Global Economy (Cambridge MA: MIT Press)
- Harbison, F. and Myers, A. (1968) Education, Manpower and Economic Growth Strategies of Human Resource Development, Oxford and IBH Publication co; New Delhi, p. 13
- Haque, N. (1977) “An Economics Analysis of Personal Earnings in Rawalpindi City”. The Pakistan Development Review, 16:2  Hamdani, K. (1977) Education and the Income Differentials. The Pakistan Development Review, 16:2
- Hanushek, E. (1996) “Measuring Investment in Education”, Journal of Economic Perspectives, Vol. 10, No. 4, pp. 9-30
- Heyneman, S.P. (1983) Improving the Quality of Education in Developing Countries, Finance Development, World Bank, Washington, pp. 18-21
- Hogendorn, J. S. (1996). Economic development (3rd ed.) New York: HarperCollins College Publishers.
- Jacobs, R. L. (1990). Human resource development as an interdisciplinary body of knowledge, Human Resource Development Quarterly, 1 (1), 67–71.
- Katz, E. Rapoport, H. (2005) “On Human Capital Formation with Exit Options”. Journal of Population Economics 18(4): pp. 267-274
- Kirova, M.S. and Lipsey. R.E. (1998) Measuring Real Investment: Trends in the United States and International Comparisons, NBER Working Paper No. 6404 (Cambridge, MA: National Bureau of Economic Research).
- Lee, J.W. Barro, R.J. (2001) “Schooling Quality in a Cross-section of Countries”, Economica, 68, pp. 465-488.
- Lewis, A .W. (1969) Some Aspects of Economic Development, London, Theory of Economic Growth, Allen and Anwin, London.
- Macklem, R.T. (1997) “Aggregate Wealth in Canada,” Canadian Journal of Economics 30(1): pp. 152-67.
- Matteo, C. and Sunde, U. (2004) Human Capital Formation, Life Expectancy and The Process of Economic Development, Discussion Paper No. 585 Forschungsinstitut zur Zukunft der Arbeit Institute for the Study of Labor updated November 2004, September 2002
- Mincer, J. (1974) The Distribution of Labour Incomes: A Survey, and Schooling, Experience and Earnings, New York, Columbia University Press.
- Nordhaus, W.D. (1996) Budget Deficits and National Savings, Challenge 39(2): 45-49. Organization for Economic Cooperation and Development (OECD) (1996), Measuring What People Know: Human Capital Accounting for the Knowledge Economy (Paris: OECD).
- OECD (1998.) (Organization for Economic Cooperation and Development) Human Capital Investment–an international comparison, Paris: Centre for Educational Research and Innovation, OECD
- Oketch, M. (2006) “Determinants of Human Capital Formation and Economic Growth of African Countries”, Economics of Education Review 25, pp. 554-564.
- Psacharapoulos, G. (1994) “Return to Education: A Further International Update and Implications”, The Journal of Human Resources, 20: pp. 584-604
- Schultz, T.W. (1960), Capital Formation by Education, Columbia University Press, U.S.A.
- __________(1961) Investment in Human Capital, HER, New York U.S.A.
- __________(1963) Capital Formation by Education, The Economic Value of Education, Columbia University Press, New York
- ___________(1964) Transforming Traditional Agriculture, New Haven, Yale University Press
- ___________(1979) The Economics of Being Poor, Nobel Lecture, Nobel Foundation
- Shabbir and Khan. (1991) “Mincerian Earning Functions For Pakistan”. The Pakistan Economy Social Review, 29:2.
- Shabbir, T. (1994) “Mincerian Earning Functions for Pakistan”. The Pakistan Economy Social Review, 33:1.
- Suliman, A. H. & Mollick, A. V. (2007) Human Capital Development, War, And Fdi In Sub-Saharan Africa, University of Texas-Pan American Department of Economics and Finance 1201 West University Dr., Edinburg, Texas 78539, USA.E-mail: firstname.lastname@example.org
- Swanson, R. A. (1990). Experience: A questionable teacher. Human Resource Development Quarterly, 1 (1), 1–4.
- Swanson, R. A. (1995). Human resource development: Performance is the key. Human Resource Development Quarterly, 6 (2), 207–213.
- Todaro, M. P. (1994). Economic development (5th ed.) New York: Longman.
- World Bank. (1980 b) World Development Report, Washington D.C. P-40
- World Development Report- 1995, U.N.D.A., Oxford University Press, Washington, D.C.
Abstract Views: 1239
PDF Views: 1