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Human resources, physical resources and economic development: A foundation of human resource economics

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  • Furuoka, Fumitaka

Abstract

Despite numerous studies on production inputs, such labour and capital, there is still a lack of systematic analysis on the crucial interaction between the human resources (HR) and physical resources (PR) in the process of economic development. Thus, the current paper aims to describe how these production resources would jointly determine the dynamics process of economic development. This holistic role of the HR in the economic development can be a foundation for the human resource economics.

Suggested Citation

  • Furuoka, Fumitaka, 2015. "Human resources, physical resources and economic development: A foundation of human resource economics," MPRA Paper 61666, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:61666
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    File URL: https://mpra.ub.uni-muenchen.de/61666/1/MPRA_paper_61666.pdf
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General

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