Small Firms, Human Capital, and Productivity in Asia
Vandenberg, Paul; Trinh, Long Q. | July 2016
Abstract
The paper analyzes the link between human capital and firm-level productivity in five Asian countries. It draws on a dataset of over 4,000 enterprises and considers both the prior educational attainment of workers and in-service training programs of enterprises. Differences between small, medium-sized, and large enterprises and between countries are also presented. The key finding is that both preservice education and in-service training are positively correlated with labor productivity. The productivity of small and medium-sized enterprises (SMEs) is enhanced by a higher level of skills and education of the workforce, just as it is with large firms. However, there are country differences. The policy implications are that competitiveness is enhanced both by raising the general level of education in the workforce and by encouraging enterprise-based training programs.
Citation
Vandenberg, Paul; Trinh, Long Q.. 2016. Small Firms, Human Capital, and Productivity in Asia. © Asian Development Bank Institute. http://hdl.handle.net/11540/6619.Keywords
Training programs
Vocational training
Training methods
Economic growth
Training courses
Technological institutes
Labor market
Educational aspects
Compulsory education
Economics of education
Educational policy
Industrial Projects
Industrial Products
Industrial Policy
Manufacturing Industries
Industrial Sector
Quality Education
Technical Education
Primary Education
Educational Systems
Educational Reforms
Industry
Electronics Industry
Commerce and Industry
Development cooperation
Educational tests and measurements
Comprehensive high schools
College preparation programs
Transnational education
Communication in higher education
Fundamental education
Capitalism and education
Right to education
Educational change
Educational evaluation
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