View Articals 23.07.2017 23:15


No. 215 January 2013


Investment in Human Capital and Labor Productivity in Southern Key Economic Zone An Application of Propensity Score Matching Method
NGUYỄN KHÁNH DUY, NGUYỄN THỊ HOÀNG OANH, NGUYỄN DUY TÂM, PHẠM TIẾN THÀNH & TRƯƠNG THANH VŨ
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Keywordsevaluation, training, matching, PSM, SMEs, Vietnam, productivity, investment in human capital
Page61-85
QuoteNGUYỄN KHÁNH DUY, NGUYỄN THỊ HOÀNG OANH, NGUYỄN DUY TÂM, PHẠM TIẾN THÀNH & TRƯƠNG THANH VŨ (2013), "Investment in Human Capital and Labor Productivity in Southern Key Economic Zone An Application of Propensity Score Matching Method", Tạp chí Phát triển Kinh tế (215), 61-85.
AbstractThis paper investigates the determinants of human capital investment in the form of formal training (off-the-job training) and estimates effects of this investment on productivity using Propensity Score Matching (PSM) method. We use data from a survey of small and medium enterprises (SMEs) in Vietnam (completed in 2010) with detailed information about training and several firm characteristics. Our estimates reveal that investment in human capital currently does not have the considerable contribution to the improvement in productivity of SMEs. This result does not support the universalistic perspective in strategic human resource management (SHRM) theoretical model
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