Human capital externalities or consumption spillovers? The effect of high-skill human capital across low-skill labor markets

Liu, Shimeng; Yang, Xi

doi:10.1016/j.regsciurbeco.2020.103620

Cited by 18 publications

(13 citation statements)

References 41 publications

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“…We believe that this study has managed to go beyond the contributions of subjective wellbeing and Good Living In the contemporary development of the notion of sustainable human development in corporate human capital [105][106][107][108], in which the of development was associated with the economic perspective during the Cold War, where industrialized countries showed the world their models of economic recovery and competed to show effective results [109][110][111][112]. Over time, theoretical discussions about development focused on accepting the assumptions of welfare economics understood as utilitarian, as a vision for maximizing the production of goods and services [113][114][115][116][117].…”

Section: Discussionmentioning

confidence: 99%

Contributions of Subjective Well-Being and Good Living to the Contemporary Development of the Notion of Sustainable Human Development

et al. 2021

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The article analyzes the contributions of the notions of Good Living attributable to epistemologies, traditions, and subjective well-being at work, given the current changes in the working context, to enrich the concept of human development. The article is developed with an analytical-descriptive and synthetic approach, reconstructing the concept of Good Living through a theoretical-economic, ontological, and epistemological comparison and its dimensional axes. Methodologically, a systematic review of human development literature is used in Latin America through the Web of Science (WOS), comparing the UNDP Technical Notes (HDI) with the various approaches to Good Living published between 2010 and 2020. These documents were subjected to semantic contrast, with reference to the various dimensions and positions of human development as a generator of subjective well-being for the configuration of public labor policies. The main findings refer to the disagreement points evidenced in the two-axes dimensions of the Good Living measurement systems (mobility and safety, and cultural satisfaction within territories), an important factor being the sumak kawsay, the concept of Good Living. Sumak is fullness, the sublime, excellent, magnificent, beautiful, superior. Kawsay is life, being. However, it is dynamic, changing, and is not a passive question, and is thus not considered by the different evolutionary changes of the HDI.

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Section: Discussionmentioning

confidence: 99%

Contributions of Subjective Well-Being and Good Living to the Contemporary Development of the Notion of Sustainable Human Development

et al. 2021

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“…Most scholars in the scientific literature agreed that the higher the human capital, the higher the people's wages and the country's income (Liu & Yang, 2021), and the more cohesion in society (Carrasco & Bilal, 2016). It is a fundamental driver of sustainable growth and poverty reduction (Park, 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

“…In some studies, e.g., Gulaliyev et.al (2019), human capital is widely viewed as playing an essential role in the creation of wealth and economic growth. Also, many scientists have studied and developed approaches to assessing the level of human capital in ensuring economic growth and potential, based on the allocation and substantiation of structural components, as well asindicators, universal methods for: assessing human capital (Liepė, 2016;Campbell & Üngör, 2020;Wright, 2020); assessment of the relationship between human capital and economic growth (Lim et al, 2018;Hu, 2021;Zhou et al, 2018), income and employment levels (Liu & Yang, 2021;Naval, Silva & Vázquez-Grenno, 2020;Stauvermann & Kumar, 2018), sustainability of economic development (Park, 2018), and the level of innovation (Hu, 2021;Park, 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

The impact of Covid-19 on the quality of human capital for the economic development of Azerbaijan

Ismayilzade

Guliyeva

Teymurova

et al. 2021

JEECAR

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The study's purpose was to develop an approach to the empirical assessment of the impact on the quality of HC to the developing economy during the economic crisis on the example of Azerbaijan. To obtain quantitative assessments of the qualitative characteristics of human capital development, the questionnaire method has been used. Based on a survey of 7232 people (which has been carrying out for July-September 2017-2020 in the context of the economic regions of Azerbaijan) and the main components' method, the factors of the qualitative characteristics of the development of the HC was determined. Using the method of linear regression modeling, the fact statistically more level significant influence on the level of economic development of the country of qualitative indicators of the development of the HC has been determined than quantitative indicators during the economic crisis. An integral model of an empirical assessment of HC's qualitative development has been developed

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“…Vo et al [23] employed a panel vector autoregressive model to construct timevarying volatility spillover indices. Liu et al [24] argued that consumption spillover, instead of human capital externality, was the underlying mechanism of a large and positive wage effect in the service occupations. Han et al [25] improved the model for calculating the direct energy rebound effect by employing the panel data of China's urban residents' electricity consumption for an empirical analysis.…”

Section: Introductionmentioning

confidence: 99%

Research on the Spatial Spillover Effect of Provincial Final Consumption Level in China Based on the Complex Network

et al. 2022

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A spatial spillover correlation network is an excellent representation for expressing the relationship of consumption levels among regions, which provides a way to study the evolution mechanism of the spatial influence of the consumption level. Using data on the consumption levels of 29 provinces (or municipalities or autonomous regions) during the global stage (1978–2020) and two separated stages (1978–2001 and 2002–2020) after China’s reform and opening up, this paper analyzes the topological characteristics and driving factors of provincial residents’ consumption level spatial spillover network by applying the Granger causality test of Vector Autoregression (VAR) model and a complex network analysis method. The results show that the number of spatial spillover relationships of provincial residents’ consumption level in the second stage increases significantly in comparison with that in the first stage and the scope of mutual influence among provinces increases rapidly in the second stage; that eastern coastal regions play a net spillover role in the network and some central and western provinces play an increasingly important broker role; and that the members of the network compose four communities with different gradients, with Beijing, Shanghai, and Jiangsu in the leading positions. The network shows neighborhood spillover and club convergence, and these characteristics are more evident in the second stage; moreover, spatial adjacency, residents’ disposable income, urbanization level, consumer credit, and consumption environment similarity have significant driving effects on the spillover correlation of the consumption level.

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Human capital externalities or consumption spillovers? The effect of high-skill human capital across low-skill labor markets

Cited by 18 publications

References 41 publications

Contributions of Subjective Well-Being and Good Living to the Contemporary Development of the Notion of Sustainable Human Development

Contributions of Subjective Well-Being and Good Living to the Contemporary Development of the Notion of Sustainable Human Development

The impact of Covid-19 on the quality of human capital for the economic development of Azerbaijan

Research on the Spatial Spillover Effect of Provincial Final Consumption Level in China Based on the Complex Network

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