Human Capital for Innovation Capacity in Middle-Income Economies

Huong Thu Ngo

International Journal of Economics and Finance, 2023, vol. 15, issue 11, 1

Abstract: This paper examines the impact of the human capital composition of unskilled, skilled, and high-skilled levels on the innovation capacity of middle-income economies. Data from 65 countries in lower middle-income, upper middle income, and high-income categories over the period of 1985-2019 is used. Panel data regressions are employed. Results suggest the innovation capacity enhancing effects of high-skilled human capital in upper-middle income countries (UMICs) and high-income countries. For lower middle-income countries (LMICs), the skilled human capital is the important workforce fostering their innovation capacity, while the R&D personnel of high-skilled human capital is yet to be important. Unskilled human capital is confirmed to not play any role in innovation development in MIEs and above. For UMICs, high-skilled human capital is supported by the foreign innovation diffusion through imports, and R&D capital stocks; while for LMICs, FDI-embodied foreign innovation supplements the skilled human capital to build up innovation capacity.

Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ccsenet.org/journal/index.php/ijef/article/download/0/0/49271/53168 (application/pdf)
https://ccsenet.org/journal/index.php/ijef/article/view/0/49271 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ibn:ijefaa:v:15:y:2023:i:11:p:1

Access Statistics for this article

More articles in International Journal of Economics and Finance from Canadian Center of Science and Education Contact information at EDIRC.
Bibliographic data for series maintained by Canadian Center of Science and Education ().