Search

Nowadays, economic growth is influenced by many domestic and foreign global issues, concerning the decrease of industrial output for the rise in economic inequality and the weakening of the overall condition in the countries. The role of economic growth is based on human capital and investment. Therefore, in this paper, the human capital and economic management system (HC‐EMS) has been proposed to enhance the country's quality based on the capital structure investment. HC explores the role of command and its significance in the production and creation aspects of human capital such that an area can grow creatively. HC‐EMS analysed critical monitoring systems for developing human resources and the high‐tech and creative economic sectors and presented suggestions for change. Besides, there is a need to prove the shortcomings and benefits of human resource development systems and statistical approaches for gathering and analysing information. The impact of financial services and financial transactions may vary; therefore, it is critically important for fostering economic growth. The experimental result suggests that the proposed HC‐EMS achieves the highest growth development ratio than other existing methods. [ABSTRACT FROM AUTHOR]

This paper discusses whether high‐speed rail (HSR) construction in China promotes urban economic growth, and it uses social network analysis (SNA) and a panel threshold model. We provide robust evidence that HSR networks have non‐linear effects on the urban economy. Urban location and transportation hub status change as the density of HSR networks increases, and from 2008 to 2017, the national average annual growth rate of the weighted degree centrality (WDC) was 44.93%. We find the WDC and betweenness centrality (BC) have positive influences on urban economic growth. However, HSR network expansion reduces the economic benefits of HSR because the marginal contribution of new HSR lines to economic productivity decreases and there is a crowding out effect caused by excessive agglomeration. HSR networks can promote the economy of Western China to a greater extent and can promote the economy more in small cities than in large and medium‐sized cities. These findings can help the government rationalize its strategy for designing HSR lines in various regions. [ABSTRACT FROM AUTHOR]

In addition to their often‐cited role as global service hubs, world cities are also global innovation hubs with their connectivity in knowledge networks crucial for the innovation clusters they harbour. While both aspects of world cities' global connectivity may allow their urban economies to grow, we argue that specialization in one of these two networks may increase economic performance. We provide systematic evidence of this substitution effect by examining the changing positions of 129 world cities in inter‐city innovation and service firm networks (2000–2012). Fixed effects panel analysis of city GDP growth confirm that the two networks are partial substitutes. [ABSTRACT FROM AUTHOR]

Cultural heritage has been recognized as fundamental for local development. In particular, some recent works have highlighted the role of sophisticated transmission channels of this relationship, that is local creativity and cosmopolitan identity. Following a territorial perspective, the present work aims at combining the two approaches, in the belief that there could be a synergic interplay between creativity and cosmopolitan identity, reinforcing their individual effects. Accordingly, an original conceptual and operational taxonomy characterizing cultural cities is put forward. The contribution of the different identified patterns to urban and regional growth is assessed, as well as their capacity to valorize cultural participation. [ABSTRACT FROM AUTHOR]

Using the inter‐regional economic inequality index and the gross state product per capita for the Mexican states over the period 1940–2015, we apply regime dynamics and hierarchical cluster analysis for segmenting the sample into regimes of Mexican states with similar performance. Robust econometric models are studied showing the direction of causality between economic inequality and income per capita, and the existence of a U‐shaped curve for the interdependence between economic growth vs economic inequality, and threshold levels. We additionally demonstrate the existence of inequality traps. The education literacy rate as a control variable indicates an inverted U‐shaped curve. [ABSTRACT FROM AUTHOR]