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Human Capital and Technology Development

In: Technology and Enterprise Development

Author

Listed:
  • Sanjaya Lall

    (University of Oxford)

  • Giorgio Barba Navaretti

    (University of Milan)

  • Simón Teitel

    (World Bank)

  • Ganeshan Wignaraja

    (University of Oxford)

Abstract

The relevance of ‘human capital’ to technological competence and development is universally accepted in the literature. However, human capital may have many ramifications, each of which should be considered separately. A firm has a stock of skills given by the background and training of the entrepreneur or business leader, the production manager (who is generally the most important person, after the entrepreneur, in deciding the technical course of a firm), and other technically qualified personnel hired from the labour market (locally or abroad). In addition, it has workers of different levels of quality and education. Over time, it adds to this stock by investing in training its employees, in-house or externally (locally or abroad); it also loses skills as employees leave the firm to set up on their own or join other firms. These broad components of human capital are considered separately below.

Suggested Citation

  • Sanjaya Lall & Giorgio Barba Navaretti & Simón Teitel & Ganeshan Wignaraja, 1994. "Human Capital and Technology Development," Palgrave Macmillan Books, in: Technology and Enterprise Development, chapter 7, pages 143-169, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-13925-5_7
    DOI: 10.1007/978-1-349-13925-5_7
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    Cited by:

    1. Omer Gokcekus & Kwabena Anyane-Ntow & T.R. Richmond, 2001. "Human Capital and Efficiency: The Role of Education and Experience in Micro-Enterprises of Ghana¡¯s Wood-Products Industry," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 26(1), pages 103-113, June.

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