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Human Capital and Firm Innovation: New Evidence from ASEAN Countries

Author

Listed:
  • Chia-Hua CHANG

    (Department of Industrial Management and Information, College of Business, Southern Taiwan University of Science and Technology. Tainan City 710, Taiwan R.O.C. Corresponding author.)

  • Dung NGUYEN-VAN

    (School of International Business - Marketing, University of Economics Ho Chi Minh City (UEH), Ho Chi Minh, Vietnam.)

Abstract

The study explores the role of human capital in firm innovation in the ASEAN countries. Different ordinal logistic regression models are utilized to estimate the data set from the World Bank’s Enterprise Surveys. The results show evidence supporting the positive role of general human capital (i.e., employee general education and top manager’s prior work experience in the current sector) in the likelihood of firm innovation at a higher degree of radicalness. Furthermore, specific human capital (i.e., employee training) is also positively related to the propensity to innovate at a higher level of radicalness. Given the results, the study suggests that there should be more investments in training, especially formal training for employees at the firm level, and at the macro level; the governments should channel more resources into education to boost innovation.

Suggested Citation

  • Chia-Hua CHANG & Dung NGUYEN-VAN, 2021. "Human Capital and Firm Innovation: New Evidence from ASEAN Countries," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 52-71, June.
    • Handle: RePEc:rjr:romjef:v::y:2021:i:3:p:52-71
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    Cited by:

    1. Xiaoxue Liu & Fuzhen Cao & Shuangshuang Fan, 2022. "Does Human Capital Matter for China’s Green Growth?—Examination Based on Econometric Model and Machine Learning Methods," IJERPH, MDPI, vol. 19(18), pages 1-27, September.

    More about this item

    Keywords

    ASEAN; education; human capital; innovation; training;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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