Human resources, physical resources and economic development: A foundation of human resource economics

Fumitaka Furuoka

MPRA Paper from University Library of Munich, Germany

Abstract: Despite numerous studies on production inputs, such labour and capital, there is still a lack of systematic analysis on the crucial interaction between the human resources (HR) and physical resources (PR) in the process of economic development. Thus, the current paper aims to describe how these production resources would jointly determine the dynamics process of economic development. This holistic role of the HR in the economic development can be a foundation for the human resource economics.

Keywords: Human resources; physical resources; economic development; human resource economics (search for similar items in EconPapers)
JEL-codes: J24 O50 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-hrm
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:61666

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