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Locating Critical Components of Regional Human Capital
Author(s) -
Farmer Michael C.,
Kingsley Gordon
Publication year - 2001
Publication title -
policy studies journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.773
H-Index - 69
eISSN - 1541-0072
pISSN - 0190-292X
DOI - 10.1111/j.1541-0072.2001.tb02083.x
Subject(s) - human capital , bridge (graph theory) , capital (architecture) , business , human resources , economics , economic system , economic growth , management , geography , medicine , archaeology
Enormous attention has been devoted recently to the contributions of human capital in the strategic and competitive success of different regions. These advances by macroeconomists and trade theorists have important implications for understanding the influence of economic development programs in a rural environment. Drawing upon this research we argue that human capital concepts may offer a more effective basis for assessment of strategic resource needs and use within a rural setting. An approach using direct elicitation methods is outlined for developing human capital measures. One significant advantage of a human capital approach is the potential for creating indicators that bridge the interests of economic development and environmental programs.