The Human Capital of Firms and the Formal Training of Workers
The benefits of formal training are numerous, and yet in many regions few firms utilize them. This study builds on the literature by exploring how two forms of human capital—the quality of management practices and the proportion of university educa...
| Main Authors: | , |
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| Language: | English |
| Published: |
World Bank, Washington, DC
2022
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/099558205102266357/IDU046bd12170e907045c80a166041e937a99762 http://hdl.handle.net/10986/37518 |
| Summary: | The benefits of formal training are
numerous, and yet in many regions few firms utilize them.
This study builds on the literature by exploring how two
forms of human capital—the quality of management practices
and the proportion of university educated
employees—influence the adoption of formal training. Using
both cross-sectional and panel firm-level data for 29
economies in Eastern Europe and Central Asia and six
economies in the Middle East and North Africa, the study
finds that firm management practices are positively
correlated with the implementation of formal training in
Eastern Europe and Central Asia but not in the Middle East
and North Africa. The proportion of university educated
workers is positively correlated with formal training in
both regions, but the finding is more robust for the Middle
East and North Africa. These findings imply significant
heterogeneity across regions in the determinants of formal
training, suggesting that policies should be context specific. |
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