Sri Lanka Human Capital Development
Sri Lanka Human Capital Development

Author: Harsha Aturupane

Publisher:

Published: 2021

Total Pages: 0

ISBN-13:

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Human capital is a central determinant of economic well-being and social advancement in the modern world economy. The concept of human capital covers the knowledge, skills, nutrition, and health that people accumulate over their lives, enabling them to realize their potential as productive members of society. Because of the vital importance of human capital for economic growth, the World Bank has launched the Human Capital Project (HCP), which includes the Human Capital Index (HCI). The objective of the HCP is to accelerate human capital development around the world. The HCI is a cross-country metric designed to measure and forecast a country's human capital. Sri Lanka is a lower-middle-income country seeking to become an upper-middle-income country. Developing human capital to a new and higher level will be central to achieving this development goal. After the country's 26-year secessionist conflict ended in 2009, Sri Lanka's economy enjoyed rapid growth at an average rate of almost 6 percent between 2010 and 2017, reflecting a peace dividend and a determined policy thrust toward reconstruction and growth. However, in more recent years there have been signs of a slowdown. The economy is transitioning from a predominantly rural economy to a more urbanized one. In the context of the HCP and the HCI, Sri Lanka Human Capital Development analyzes the main achievements and challenges of human capital development in this East Asia and Pacific island country in health and nutrition-including stunting-and in education-including the challenges posed by Sri Lankans' low participation in higher education. The report concludes with a look at the importance of building a consensus among the public and other stakeholders to launch an ambitious human capital development program in Sri Lanka.

Sri Lanka Human Capital Development
Sri Lanka Human Capital Development

Author: Harsha Aturupane

Publisher: World Bank Publications

Published: 2021-08-31

Total Pages: 161

ISBN-13: 1464817189

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Human capital is a central determinant of economic well-being and social advancement in the modern world economy. The concept of human capital covers the knowledge, skills, nutrition, and health that people accumulate over their lives, enabling them to realize their potential as productive members of society. Because of the vital importance of human capital for economic growth, the World Bank has launched the Human Capital Project (HCP), which includes the Human Capital Index (HCI). The objective of the HCP is to accelerate human capital development around the world. The HCI is a cross-country metric designed to measure and forecast a country’s human capital. Sri Lanka is a lower-middle-income country seeking to become an upper-middle-income country. Developing human capital to a new and higher level will be central to achieving this development goal. After the country’s 26-year secessionist conflict ended in 2009, Sri Lanka’s economy enjoyed rapid growth at an average rate of almost 6 percent between 2010 and 2017, reflecting a peace dividend and a determined policy thrust toward reconstruction and growth. However, in more recent years there have been signs of a slowdown. The economy is transitioning from a predominantly rural economy to a more urbanized one. In the context of the HCP and the HCI, Sri Lanka Human Capital Development analyzes the main achievements and challenges of human capital development in this East Asia and Pacific island country in health and nutrition—including stunting—and in education—including the challenges posed by Sri Lankans’ low participation in higher education. The report concludes with a look at the importance of building a consensus among the public and other stakeholders to launch an ambitious human capital development program in Sri Lanka.

The Influence of Human Capital on Economic Growth
The Influence of Human Capital on Economic Growth

Author: Riyanto Wujarso

Publisher: Asadel Publisher

Published: 2023-07-09

Total Pages: 54

ISBN-13:

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"The Influence of Human Capital on Economic Growth" delves into a comprehensive analysis of the relationship between human capital and regional financial development in West Java Province. This research covers the period from 2017 to 2019 and employs a quantitative research approach using mathematical analysis techniques. To gather data for the analysis, the book relies on secondary sources, specifically the data reports provided by the Indonesian Central Bureau of Statistics (Badan Pusat Statistik or BPS). These reports offer valuable information crucial for understanding the dynamics of regional financial development in West Java Province. The research technique utilized in this study is panel regression, specifically employing the GLS fixed-effect model approach. This statistical method allows for the examination of both cross-sectional and time series data, making it suitable for analyzing the relationship between human capital and regional financial development over a specific time period. The GLS fixed-effect model accounts for individual characteristics of each region in West Java Province, providing a more accurate estimation of the impact of human capital on financial growth. The study's findings shed light on the critical role of human capital, with a specific focus on education, in influencing economic growth in West Java Province. The estimation results highlight the significant impact of the education variable on the region's financial development, emphasizing the importance of investing in education and improving educational infrastructure to enhance the quality of the workforce and stimulate economic growth. While the relationship between human capital and financial development extends beyond education alone, the estimation results reveal education as the most dominant factor influencing financial development in West Java Province. Therefore, efforts to improve the education level of the workforce should be prioritized to enhance productivity and drive economic progress. Based on the research findings, the book proposes recommendations for the local governments in West Java Province. It suggests a substantial increase in regional expenditure allocations specifically dedicated to the education and health sectors to improve the quality of education and healthcare. By prioritizing human capital development and creating an enabling environment for skills enhancement, West Java Province can pave the way for sustainable and inclusive financial growth. "The Influence of Human Capital on Economic Growth" provides valuable insights into the impact of human capital on regional financial development in West Java Province. It emphasizes the significant role of education in fostering economic growth and calls for increased investments in education and health sectors. By prioritizing human capital development and creating an enabling environment for skills enhancement, West Java Province can pave the way for sustainable and inclusive financial growth.

Sri Lanka
Sri Lanka

Author: Weltbank

Publisher:

Published: 2014

Total Pages:

ISBN-13:

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Education is one of the most important determinants of economic performance in the modern world. This is true of both countries and individuals. The main characteristic which distinguishes between advanced economies, middle-income economies and low-income countries, is the knowledge content of their production activities and processes. Economic activities and products have become increasingly knowledge and skill-intensive in recent years. In addition, the importance of knowledge and skills is growing at an accelerating pace. Education is at the heart of human capital accumulation and economic growth. Education increases cognitive skills and soft skills of individuals. In addition, education improves the capacity of individuals to be trained for specific occupations and to acquire job-related skills. These effects of education enable individuals to accumulate human capital, improve labor productivity and increase life-cycle earnings. In the aggregate, this process generates economic growth. Investment in education produces a broad range of social benefits. Well-educated individuals, especially women, are better able to control their fertility and family health, resulting in reduced child, infant and maternal mortality, and higher life expectancy. Education also facilitates social mobility by creating opportunities for poor and disadvantaged groups to raise their economic and social status. A broad range of further externality benefits of education have been identified in the economic literature. These cover aspects of social well-being such as better political decision making, reduced incidence of crime, and higher quality public services. Education also produces inter-generational economic and social benefits: increased education in one generation improves schooling, labor productivity and income in the next. The public goods, informational imperfections and distributive justice aspects of education provide the economic justification for state investment in the education sector.

Impact of Human Capital on Economic Growth
Impact of Human Capital on Economic Growth

Author: Muhammad Amir

Publisher: LAP Lambert Academic Publishing

Published: 2011-09

Total Pages: 88

ISBN-13: 9783845431895

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This book examines the impact of human capital on economic growth in case of Pakistan. Various issues relating to human capital are discussed in detail. This book is very useful for those students and researchers who are involved in broader areas of human capital formation. Before the partition 1947, the main objective of education system was to train people for lower level government jobs so that these low level attitudes of local population can better serve the elite class of west. In order to accomplish their objective, they successfully separated local-language-medium schools for the masses and exclusive English-medium schools for the elite class. As we got independence from British rule, now more horizons of employment were open and we were free to build our indigenous system of education as according to modern skill and latest knowledge. The economy's requirements for a large variety of skills and knowledge were continuously rising. Beginning of 1960s, economists began to seriously study labour not as a homogeneous factor of production, but as a differentiated and moldable factor of production, that is, human capital. Human capital is one of the biggest explanatory variables

Sri Lanka's Sources of Growth
Sri Lanka's Sources of Growth

Author: Nombulelo Duma

Publisher: International Monetary Fund

Published: 2007-09

Total Pages: 32

ISBN-13:

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This paper uses the growth accounting framework to assess Sri Lanka's sources of growth. It finds that while labor was the dominant factor contributing to growth in the 1980s, labor's contribution declined over time and was overtaken, to a large extent, by total factor productivity (TFP) and, to a lower extent, by physical and human capital accumulation. A higher growth path over the medium term will depend on securing a stable political and macroeconomic environment; implementing structural reforms necessary to improve productivity and efficiency of investment; attaining fiscal consolidation; and creating space for the private sector.