Firms’ Human Resource Management for Local Economy and Wellbeing

Daisuke Nakamura ()
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Daisuke Nakamura: Chuo University

Chapter Chapter 4 in Industrial Location and Vitalization of Regional Economy, 2023, pp 59-66 from Springer

Abstract: Abstract This article addresses how firms can utilise human resource management through cooperative behaviour across a region. The outcome may improve not only the efficiency of production for the local firm but also the level of residents’ wellbeing. The conceptual idea of this article is similar to that of localisation economies, which work within the same industry. However, our idea is applicable among different industries as long as intermediaries properly operate the regional economic system for some local issues in a small-scale non-metropolitan area. Hence, rural agglomeration economies are partly employed in this analysis together with incentive theory about firms, individuals, and intermediaries. As described throughout the article, rural agglomeration economies are different from established notions of agglomeration economies such as localisation economies and urbanisation economies. This article also demonstrates how a sustainable region, which has the optimal economies of scale and scope under partnerships with neighbouring areas, can be organised.

Keywords: Agglomeration economies; Division of labour; Labour pool; Comparative advantage; Incentive theory; D62; I26; M54; R58 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-8128-9_4

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DOI: 10.1007/978-981-19-8128-9_4

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