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Human capital in firms and regions: Impact on firm productivity
Author(s) -
Backman Mikaela
Publication year - 2014
Publication title -
papers in regional science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.937
H-Index - 64
eISSN - 1435-5957
pISSN - 1056-8190
DOI - 10.1111/pirs.12005
Subject(s) - human capital , productivity , business , capital call , tertiary sector of the economy , variance (accounting) , industrial organization , multilevel model , labour economics , individual capital , economics , financial capital , marketing , economic growth , accounting , machine learning , computer science
This paper analyses the importance of human capital for firm productivity and makes a clear distinction between the role of human capital inside and outside of the firm. A multilevel model is used for the business service sector in S weden controlling for heterogeneity across the industry and municipal level. Human capital in firms in terms of education, experience, and cognitive skills and the firm's overall access to human capital has a positive impact on firm productivity. In addition, firm attributes explain the largest proportion of firm productivity variance.