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تحديد حجم الاستثمار في رأس المال البشري اللازم لاستيعاب الثورة الصناعية الرابعة Determining the Level of Investment in Human Capital Required to Embrace the Fourth Industrial Revolution
Faculty
Commerce
Year:
2024
Type of Publication:
ZU Hosted
Pages:
Authors:
Ramy Hosny Mahfouz Elazhary
Staff Zu Site
Abstract In Staff Site
Journal:
Volume:
Keywords :
تحديد , الاستثمار , , المال البشري اللازم لاستيعاب
Abstract:
"The continuous increase in technological advancement, utilization, and organization poses a challenging dilemma in the context of the Fourth Industrial Revolution (4IR). Concerns have been expressed regarding the sufficiency of human capital in this stage, especially in developing economies such as Egypt. This research employed an analytical and descriptive methodology to evaluate the readiness of human capital in the Fourth Industrial Revolution era. The study utilized a Threshold Regression analysis to determine the threshold or barrier that the level of accumulated human capital must surpass to significantly impact the Fourth Industrial Revolution. The methodology takes into consideration factors such as current levels of education and health, technological innovation variables, and anticipated changes in the job market. The results revealed a positive impact of accumulated human capital on embracing 4IR, manifested in the levels of network readiness and economic complexity of the studied countries. However, the strength of this relationship varied based on the level of accumulated human capital (threshold level), ranging between 3.19 and 3.22 concerning economic complexity and network readiness, respectively. In comparison with the level of accumulated human capital in Egypt up to the year 2020, which stood at 2.707, it became evident that the minimum required threshold for accommodating Fourth Industrial Revolution applications slightly exceeds Egypt's level of accumulated human capital. Therefore, policymakers and stakeholders should prioritize investing in the development of human capital, including skills enhancement programs and healthcare initiatives, to ensure a strong readiness for leveraging the opportunities available within the framework of 4IR (Industry 4.0)."
Author Related Publications
Ramy Hosny Mahfouz Elazhary, "Quantifying Climate Risks: SVAR Analysis on Inflation and Economic Growth in Egypt", كلية التجارة - جامعة المنصورة, 2023
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Ramy Hosny Mahfouz Elazhary, "Finance-growth nexus: financial deepening for economic growth: evidence from Egypt", Faculty of Commerce, Benha University. Egypt, 2017
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Ramy Hosny Mahfouz Elazhary, "The Role of Inclusive Growth in Egyptian Economy", Mansoura University and Delta University of Science and Technology, 2012
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Ramy Hosny Mahfouz Elazhary, "Stock Market Influence on Domestic Savings in Egypt: Structural Modelling Dynamics", كلية التجارة - جامعة الزقازيق, 2024
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Ramy Hosny Mahfouz Elazhary, "Government Spending and Regional Poverty Alleviation: Evidence from Egypt", Springer Nature, 2024
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Department Related Publications
Hebatallah Ahmed Yehya Elhoseny Rizk, "The impact of FDI on income inequality in Egypt", springer, 2022
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