IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v15y2023i21p15438-d1270601.html

Exploring the Role of Socio-Cultural Factors on the Development of Human Capital in Multi-Ethnic Regions

Author

Listed:
  • Maksim Vlasov

    (Graduate School of Economics and Management, Ural Federal University, 620014 Yekaterinburg, Russia
    Institute of Economics of the Ural Branch, Russian Academy of Sciences, 620014 Yekaterinburg, Russia)

  • Sergey N. Polbitsyn

    (Graduate School of Economics and Management, Ural Federal University, 620014 Yekaterinburg, Russia
    Institute of Economics of the Ural Branch, Russian Academy of Sciences, 620014 Yekaterinburg, Russia)

  • Michael Olumekor

    (Graduate School of Economics and Management, Ural Federal University, 620014 Yekaterinburg, Russia)

  • Hossam Haddad

    (Accounting Department, Business Faculty, Zarqa University, Zarqa 13133, Jordan)

Abstract

Human capital is among the most important factors for sustainable economic growth. However, there remains some debate on the factors promoting or inhibiting its development. This research attempts to put socio-cultural factors at the front of this debate. Using econometric models, we exploratively test the influence of a raft of social and cultural variables on human capital development in multi-ethnic regions of Russia. We found that factors such as marriage, divorce, life expectancy, accessibility to education and healthcare, and attitude towards tourism all influence human capital to varying degrees. Domestic tourism, including museum and theatre visits were particularly impactful. We argue that cultural knowledge and exchange can promote socio-cultural harmony in multi-ethnic regions which can contribute to the region’s human capital development. By exploring the impact of socio-cultural factors, we hope to lead towards a holistic understanding of sustainable human capital development.

Suggested Citation

  • Maksim Vlasov & Sergey N. Polbitsyn & Michael Olumekor & Hossam Haddad, 2023. "Exploring the Role of Socio-Cultural Factors on the Development of Human Capital in Multi-Ethnic Regions," Sustainability, MDPI, vol. 15(21), pages 1-14, October.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:21:p:15438-:d:1270601
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/15/21/15438/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/15/21/15438/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mayer-Foulkes, David, 2008. "The Human Development Trap in Mexico," World Development, Elsevier, vol. 36(5), pages 775-796, May.
    2. Eric A. Hanushek & Ludger Woessmann, 2008. "The Role of Cognitive Skills in Economic Development," Journal of Economic Literature, American Economic Association, vol. 46(3), pages 607-668, September.
    3. Polterovich, Victor, 1999. "Institutional Traps and Transition," MPRA Paper 20126, University Library of Munich, Germany.
    4. Glauben, Thomas & Herzfeld, Thomas & Rozelle, Scott & Wang, Xiaobing, 2012. "Persistent Poverty in Rural China: Where, Why, and How to Escape?," World Development, Elsevier, vol. 40(4), pages 784-795.
    5. Gary S. Becker, 1962. "Investment in Human Capital: A Theoretical Analysis," Journal of Political Economy, University of Chicago Press, vol. 70(5), pages 1-9.
    6. Boucekkine, Raouf & de la Croix, David & Licandro, Omar, 2002. "Vintage Human Capital, Demographic Trends, and Endogenous Growth," Journal of Economic Theory, Elsevier, vol. 104(2), pages 340-375, June.
    7. Stepan Zemtsov & Maxim Kotsemir, 2019. "An assessment of regional innovation system efficiency in Russia: the application of the DEA approach," Scientometrics, Springer;Akadémiai Kiadó, vol. 120(2), pages 375-404, August.
    8. Ivanov, Denis, 2016. "Human Capital and Knowledge-Intensive Industries Location: Evidence from Soviet Legacy in Russia," The Journal of Economic History, Cambridge University Press, vol. 76(3), pages 736-768, September.
    9. Claudia Williamson, 2009. "Informal institutions rule: institutional arrangements and economic performance," Public Choice, Springer, vol. 139(3), pages 371-387, June.
    10. Theodore A. Sumberg, 1991. "Antonio Serra: A Neglected Herald of the Acquisitive System," American Journal of Economics and Sociology, Wiley Blackwell, vol. 50(3), pages 365-373, July.
    11. Zhang, Xiaobei & Li, Haizheng & Wang, Xiaojun & Fleisher, Belton M., 2019. "Human Capital and the Economic Convergence Mechanism: Evidence from China," IZA Discussion Papers 12224, IZA Network @ LISER.
    12. Fleisher, Belton & Li, Haizheng & Zhao, Min Qiang, 2010. "Human capital, economic growth, and regional inequality in China," Journal of Development Economics, Elsevier, vol. 92(2), pages 215-231, July.
    13. Richard Florida & Charlotta Mellander & Kevin Stolarick, 2008. "Inside the black box of regional development: human capital, the creative class and tolerance," Journal of Economic Geography, Oxford University Press, vol. 8(5), pages 615-649, September.
    14. Daron Acemoglu & Simon Johnson & James A. Robinson, 2001. "The Colonial Origins of Comparative Development: An Empirical Investigation," American Economic Review, American Economic Association, vol. 91(5), pages 1369-1401, December.
    15. Burton A. Weisbrod, 1962. "Education and Investment in Human Capital," NBER Chapters, in: Investment in Human Beings, pages 106-123, National Bureau of Economic Research, Inc.
    16. Michael Olumekor & Hossam Haddad & Nidal Mahmoud Al-Ramahi, 2023. "The Relationship between Search Engines and Entrepreneurship Development: A Granger-VECM Approach," Sustainability, MDPI, vol. 15(6), pages 1-16, March.
    17. Burton A. Weisbrod, 1962. "Education and Investment in Human Capital," Journal of Political Economy, University of Chicago Press, vol. 70(5), pages 106-106.
    18. Janet Currie, 2009. "Healthy, Wealthy, and Wise: Socioeconomic Status, Poor Health in Childhood, and Human Capital Development," Journal of Economic Literature, American Economic Association, vol. 47(1), pages 87-122, March.
    19. James Heckman, 2011. "Policies to foster human capital," Voprosy obrazovaniya / Educational Studies Moscow, National Research University Higher School of Economics, issue 3, pages 73-137.
    20. David Urbano & Sebastian Aparicio & David Audretsch, 2019. "Twenty-five years of research on institutions, entrepreneurship, and economic growth: what has been learned?," Small Business Economics, Springer, vol. 53(1), pages 21-49, June.
    21. Almond, Douglas & Currie, Janet, 2011. "Human Capital Development before Age Five," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 15, pages 1315-1486, Elsevier.
    22. B. F. Kiker, 1966. "The Historical Roots of the Concept of Human Capital," Journal of Political Economy, University of Chicago Press, vol. 74(5), pages 481-481.
    23. Steven Horwitz & Peter Lewin, 2008. "Heterogeneous human capital, uncertainty, and the structure of plans: A market process approach to marriage and divorce," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 21(1), pages 1-21, March.
    24. Dinda, Soumyananda, 2008. "Social capital in the creation of human capital and economic growth: A productive consumption approach," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(5), pages 2020-2033, October.
    25. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 277-297.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Alejandro López-García & Pedro Miralles-Martínez, 2024. "Does Perception Determine Knowledge? Evaluation of the Implementation of Historical Thinking as a Factor for Socio-Cultural Sustainability," Sustainability, MDPI, vol. 16(21), pages 1-18, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Valerio Mendoza, Octasiano Miguel & Borsi, Mihály Tamás & Comim, Flavio, 2022. "Human capital dynamics in China: Evidence from a club convergence approach," Journal of Asian Economics, Elsevier, vol. 79(C).
    2. Borsi, Mihály Tamás & Valerio Mendoza, Octasiano Miguel & Comim, Flavio, 2022. "Measuring the provincial supply of higher education institutions in China," China Economic Review, Elsevier, vol. 71(C).
    3. Chaohai Shen & Tong Sheng & Xingheng Shi & Bingquan Fang & Xiaoqian Lu & Xiaolan Zhou, 2022. "The Relationship between Housing Price, Teacher Salary Improvement, and Sustainable Regional Economic Development," Land, MDPI, vol. 11(12), pages 1-21, December.
    4. Teixeira, Aurora A.C. & Queirós, Anabela S.S., 2016. "Economic growth, human capital and structural change: A dynamic panel data analysis," Research Policy, Elsevier, vol. 45(8), pages 1636-1648.
    5. Coronel Vicente J. & Díaz-Roldán Carmen, 2024. "Government Expenditure, Education, and Productivity in the European Union: Effects on Economic Growth," Economics - The Open-Access, Open-Assessment Journal, De Gruyter, vol. 18(1), pages 1-24.
    6. Verónica Amarante & Marco Manacorda & Edward Miguel & Andrea Vigorito, 2016. "Do Cash Transfers Improve Birth Outcomes? Evidence from Matched Vital Statistics, Program, and Social Security Data," American Economic Journal: Economic Policy, American Economic Association, vol. 8(2), pages 1-43, May.
    7. Rok Spruk & Mitja Kovac, 2018. "Inefficient Growth," Review of Economics and Institutions, Università di Perugia, vol. 9(2).
    8. repec:mpr:mprres:7072 is not listed on IDEAS
    9. Zhang, Xiaobei & Wang, Xiaojun, 2021. "Measures of human capital and the mechanics of economic growth," China Economic Review, Elsevier, vol. 68(C).
    10. Deniz Karaoğlan & Dürdane Şirin Saraçoğlu, 2018. "Socio-Economic Factors Affecting Early Childhood Health: the Case of Turkey," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 11(3), pages 1051-1075, June.
    11. Daren, Conrad, 2007. "Education and Economic Growth: Is There a Link?," MPRA Paper 18176, University Library of Munich, Germany, revised 2009.
    12. Anabela Queirós & Aurora A.C. Teixeira, 2014. "Economic growth, human capital and structural change: an empirical analysis," FEP Working Papers 549, Universidade do Porto, Faculdade de Economia do Porto.
    13. Yao Pan, 2017. "The Impact of Removing Selective Migration Restrictions on Education: Evidence from China," Journal of Human Resources, University of Wisconsin Press, vol. 52(3), pages 859-885.
    14. Deniz Karaoğlan & Dürdane Şirin Saracoğlu, 2016. "Socio-Economic Factors Affecting Early Childhood Health: The Case of Turkey," ERC Working Papers 1614, ERC - Economic Research Center, Middle East Technical University, revised 2016.
    15. Nguyen, Linh & Do, Huu-Luat, 2024. "Children's cognitive development: does parental wage employment matter?," Children and Youth Services Review, Elsevier, vol. 161(C).
    16. Heather Koball & Robin Dion & Andrew Gothro & Maura Bardos & Amy Dworsky & Jiffy Lansing & Matthew Stagner & Danijela Korom-Djakovic & Carla Herrera & Alice Elizabeth Manning, "undated". "Synthesis of Research and Resources to Support At-Risk Youth," Mathematica Policy Research Reports 8353b63284d94941bcb778e1c, Mathematica Policy Research.
    17. Conrad, Daren, 2017. "Education's Contribution to Economic Growth," MPRA Paper 77365, University Library of Munich, Germany.
    18. Osvaldo Lagares, 2016. "Capital, Economic Growth and Relative Income Differences in Latin America," Discussion Papers 16/03, Department of Economics, University of York.
    19. Glawe, Linda & Wagner, Helmut, 2022. "Is schooling the same as learning? – The impact of the learning-adjusted years of schooling on growth in a dynamic panel data framework," World Development, Elsevier, vol. 151(C).
    20. Orgill-Meyer, Jennifer & Pattanayak, Subhrendu K., 2020. "Improved sanitation increases long-term cognitive test scores," World Development, Elsevier, vol. 132(C).
    21. Sergio Urzua, 2019. "Redistribution Through Education: The Value of Public Education Spending," Commitment to Equity (CEQ) Working Paper Series 88, Tulane University, Department of Economics.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:15:y:2023:i:21:p:15438-:d:1270601. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager The email address of this maintainer does not seem to be valid anymore. Please ask MDPI Indexing Manager to update the entry or send us the correct address (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.