TY  - JOUR
AB  - Purpose The study aims to explore the extent to which human resources development quantifies the economic growth of BRICS countries under the globalization era by controlling country differences.Design/methodology/approach The study used the Generalized Method of Moments (GMM) and Scheffe pairwise comparison tests to quantify the impact of the variables and the level of difference among the BRICS countries onto human Resources development.Findings The study observes that the impact of human resources development on economic growth of BRICS counties is significant but limited to few countries. The study reveals that countries such as India and South Africa are unable to utilize their human resources efficiently to promote economic growth, as compared with Russia, China and Brazil. The study further argues that there is urgent need of amalgam of various economic development theories keeping in mind the regional needs to extract the positive impact from human resource on economic development.Research limitations/implications The single limitation of this research is that it was not possible to compare the results with other developing countries to unleash the capabilities of human resources development with regard to economic growth at the universal level.Originality/value To the best of the authors’ knowledge, this paper is the first of its kind to analyze human resources development at a much deeper level. The paper has chosen variables which are important from the policy perspective of government rather than the working perspective, which is a great contribution. Further, for human index the variables chose covering major aspects of human development from spending perspective.
VL  - 43
IS  - 7/8
SN  - 2046-9012
DO  - 10.1108/EJTD-10-2018-0101
UR  - https://doi.org/10.1108/EJTD-10-2018-0101
AU  - Hassan Samir Ul
AU  - Rymbai Motika Sinha
AU  - Bhat Aasif Ali
PY  - 2019
Y1  - 2019/01/01
TI  - Economics of human resources development under globalization era: a study of BRICS countries
T2  - European Journal of Training and Development
PB  - Emerald Publishing Limited
SP  - 682
EP  - 698
Y2  - 2024/04/23
ER  -