Human capital: key actor for the development of business innovation

Authors

  • María Luisa Zamora Rodríguez Ministerio de Ciencia, Tecnología y Medio Ambiente

DOI:

https://doi.org/10.5281/zenodo.10431438

Keywords:

human capital, motivation, experience, mobility, R&D collaboration, innovation, economic growth

Abstract

Human capital is the most precious resource of each country, to develop its economic and social policy. It is essential for the development of the business sector, given its contribution in terms of employment, productivity and innovation. The impact of the Covid-19 health crisis has endangered the world economy, demanding highly trained human capital with ingenuity, creativity and a culture of innovation to solve them. Numerous researchers have made reference to the importance of the formation and development of human capital as generators of innovation and economic growth according to their professional skills and abilities, using a diversity of techniques and quantitative and qualitative methods. The objective of this research is to understand how can the effective management of human capital drive innovation in companies and, therefore, economic growth? For this, emphasis is placed on the determinants of innovation results, such as motivation, experience, mobility and collaboration in R&D. The need to have policies that promote the inclusive development of talent, investment and collaboration in R&D, the training of highly trained personnel and the protection of intellectual property, as well as adequate infrastructure, to promote innovation and business economic growth.

Downloads

Download data is not yet available.

References

Abel, J., Gabe, T., 2011. Human capital and economic activity in Urban America. Reg. Stud. 45 (8), 1079–1090.

Ambrosius, J. (2018). Strategic talent management in emerging markets and its impact on employee retention: Evidence from Brazilian MNCs. Thunderbird International Business Review, 60(1), 53–68. https://doi.org/10.1002/tie

Ben Arfi et al. (2016) « Business Model et Innovation : le rôle médiateur du partage de connaissance. Cas de trois plateformes d’innovation ». La Revue des Sciences de Gestion, Direction et Gestion n° 281-282 – organisation. Cahier septiembre-diciembre. www.cairn.info

Caplan, J. (2014). “Thinking differently about talent development: An interview with Janice Caplan, author of strategic talent development”. Human Resource Management International Digest, 22(2), 42–45.

Cohen, D y Soto M. (2007). “Growth and Human Capital: Good Data Good Results”. Journal of Economic Growth, 12, 51-76.

Crane, B., & Hartwell, C. J. (2019). “Global talent management: A life cycle view of the interaction between human and social capital”. Journal of World Business, 54(2), 82–92. https://doi.org/10.1016/j.jwb.2018.11.002

Dries, N. (2013). “The psychology of talent management: A review and research agenda”. Human Resource Management Review, 23(4), 272–285. https://doi.org/10.1016/j.hrmr.2013.05.001

Fulmer, I., Ployhart, R. (2014). “Our most important asset: a Multidisciplinary/Multilevel review of human capital valuation for research and practice”. J. Manage. 40 (1), 161–192.

Gallardo-Gallardo, et al. (2020). “Talent management: context matters”. The International Journal of Human Resource Management, 31(4), 457–473. https://doi.org/10.1080/09585192.2019.1642645

Hall et al. (2014). “The choice between formal and informal intellectual property: a review”. J. Econ. Lit. 52 (2), 375–423.

Harney, B. y Collings, DG (2021) “Navigating the shifting landscapes of HRM”. Human Resource Management Review. 31 (2021) 100824 https://doi.org/10.1016/j.hrmr.2021.100824

Honjo, Y. (2020) “The impact of founders human capital on initial capital structure: Evidence from Japan”. Technovation 100 (2021) 102191 https://doi.org/10.1016/j.technovation.2020.102191

Kaliannan M. et al. (2022) “Inclusive talent development as a key talent management approach: A systematic literature review”. Human Resource Management Review.

Lenihan, H., (2004) “Evaluating Irish industrial policy in terms of deadweight and displacement: a quantitative methodological approach”. Appl. Econ. 36 (3), 229–252.

Lenihan H., et al (2019) “Driving innovation: Public policy and human capital”. Research Policy 48. Number 9, 103791. ISSN 0048-7333, https://doi.org/10.1016/j.respol.2019.04.015 . https://www.sciencedirect.com/science/article/pii/S0048733319300940

Machado et al. (2017) “Co-op resources that lead to sustainable competitive advantage”. Research Gate. REBRAE, Curitiba, v.10, n. 1, p. 53-71, jan/april doi:10.7213/rebrae.10.001.AO03

MTI (2017). “Report of the Committee on the Future Economy – Pioneers of the Next Generation”. Committee on the Future Economy, Ministry of Trade and Industry, Republic of Singapore

OECD (2007). “Human Capital: How What You Know Shapes Your Life”. OECD Publications, Paris, France

Protogerou et al. (2017). “Determinants of young firms innovative performance: empirical evidence from Europe”. Res. Policy 46 (7), 1312–1326.

Pulakos et al. (2000). “Adaptability in the workplace: development of a taxonomy of adaptive performance”. J. Appl. Psychol. 85, 612–624.

Pulakos et al. (2002). “Predicting adaptive performance: further tests of a model of adaptability”. Humane Performance. 15 (4), 299–324.

Ployhart, R.E. et Moliterno, T.P. (2011). « Emergence of the human capital resource: a multilevel”. Model Academic Management Review. 36, 127–150.

Santos Silva, et al. (2006) “The log of gravity. Rev. Econ. Stat. 88 (4), 641–658.

Subramaniam, M. et. Youndt, M. (2005). “The influence of intellectual capital on the types of innovative capabilities”. Academic Management. 48 (3), 450–463.

Tan, E., (2014) “Human capital theory: a holistic criticism”. Rev. Educ. Res. 84, 311–345

Teixeira et. al. (2014). “Human capital intensity in technology based firms located in Portugal: Does foreign ownership matter?” Res. Policy 43 (4), 737–748

Romer, P. (1990) “Endogeneous Technical Change”. Journal of Political Economy, 98, 71-102.

Romer, P. (1989).” Human capital and growth: Theory and evidence”. National Bureau of Economic Research Working Paper No 3173. Cambridge, Massachusetts

Rodríguez-Arana, A. (2017). “Crecimiento económico y capital humano: metodología para la simulación de una variante del Modelo de Lucas con aplicación a México”. Revista Mexicana de Economía y Finanzas, Vol. 12, No. 2, (2017), pp. 23-47

Sharma et al. (2022) “Determinants of innovation outcomes: The role of institutional quality”. Technovation 118 (2022) 102562 www.elsevier.com/locate/technovation https://doi.org/10.1016/j.technovation.2022.102562

Simeth M. and Mohammadi A. (2022) “Losing talent by partnering up? The impact of R&D collaboration on employee mobility”. Research Policy 51 (2022) 104551 https://doi.org/10.1016/j.respol.2022.104551

Solow, R (1957). “Technical Change and the Aggregate Production Function”. Review of Economic and Statistics, 39, 312-320.

Solow, R (1956). "A Contribution to the Theory of Economic Growth”. Quarterly Journal of Economics, 70. 65-94.

Tchouassi, G. (2016) « Capital humain et croissance économique : une modélisation VAR avec cointégration ». Publisher: Editions Panthéon Assas. Editors: Alain Redslob. Université de Yaoundé II, Cameroun. Research Gate

Published

04-11-2023

How to Cite

Zamora Rodríguez, M. L. (2023). Human capital: key actor for the development of business innovation. GECONTEC: Revista Internacional De Gestión Del Conocimiento Y La Tecnología, 11(2), 90–118. https://doi.org/10.5281/zenodo.10431438

Issue

Section

Articles