Munich Personal RePEc Archive

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

Furuoka, Fumitaka (2015): Human resources, physical resources and economic development: A foundation of human resource economics.

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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.

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