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The bilateral relationship between human capital investment and innovation in Jordan

Author

Listed:
  • Mohammad Alawamleh

    (American University of Madaba)

  • Loiy Bani Ismail

    (American University of Madaba)

  • Diana Aqeel

    (American University of Madaba)

  • Kamal Jamal Alawamleh

    (Petra University)

Abstract

The purpose of this research is to investigate the relationship between innovation and human capital investment, and to show how the implementation of these two concepts leads to economic development. A case study was conducted in Jordan with one-to-one, in-depth expert interviews to obtain the information needed to answer the research questions; in addition, a focus group of ten final year undergraduate students (about to enter the educated workforce) experts offered their thoughts and ideas to identify how youth today relate to this research and its findings. The findings identified four main pillars required to support economic development and achieve a competitive advantage using the country’s human capital: Habilitation, Opportunity, Power Distance, and Entrepreneurship (HOPE). The findings also indicated that Jordanian culture is highly germane to all four pillars, which can encourage innovative human capital and ensure economic development. This paper is important to the Jordanian community and the Arab world in general, which lacks awareness of the importance of human capital in socio-economic development; the study helps understand innovation and economic development in the region. This paper explores the relationship between innovation and human capital investment, and shows how this combination will lead to the development of Jordanian culture and the economy.

Suggested Citation

  • Mohammad Alawamleh & Loiy Bani Ismail & Diana Aqeel & Kamal Jamal Alawamleh, 2019. "The bilateral relationship between human capital investment and innovation in Jordan," Journal of Innovation and Entrepreneurship, Springer, vol. 8(1), pages 1-17, December.
    • Handle: RePEc:spr:joiaen:v:8:y:2019:i:1:d:10.1186_s13731-019-0101-3
    DOI: 10.1186/s13731-019-0101-3
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    References listed on IDEAS

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    Cited by:

    1. Nogbou Andetchi Aubin Amanzou & Alliou Salihini Diarrassouba & Arthur Evariste Kouassi & Konan Jacques Konan, 2024. "Knowledge as Determinant of Total Factor Productivity in West African Economic and Monetary Union (WAEMU)," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 14405-14419, September.
    2. Emmanuel, Ongo Nkoa Bruno & Thierry, Mamadou Asngar & Christian, Atangana Zambo Charles & Ludé, Djam'Angai, 2024. "What drives financial market growth in Africa?," International Review of Financial Analysis, Elsevier, vol. 91(C).
    3. Pi, Tianlei & Yang, Xiaobing, 2023. "Board culture and bank innovation: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 84(C), pages 732-755.
    4. Adamu Jibir & Musa Abdu, 2021. "Human Capital and Propensity to Protect Intellectual Properties as Innovation Output: the Case of Nigerian Manufacturing and Service Firms," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(2), pages 595-619, June.
    5. Awol Hussien Aman & Chalchissa Amentie, 2024. "The Impact of a Selected Seminar on Strategic Human Capital: A Case Study of OΒΝ and Adama City Administration, and a Systematic Review of Literature," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 14(1), pages 50-66.
    6. May Portuguez Castro & Carlos Ross Scheede & Marcela Georgina Gómez Zermeño, 2019. "The Impact of Higher Education on Entrepreneurship and the Innovation Ecosystem: A Case Study in Mexico," Sustainability, MDPI, vol. 11(20), pages 1-17, October.
    7. Maha Mohamed Alsebai Mohamed & Pingfeng Liu & Guihua Nie, 2021. "Are Technological Innovation and Foreign Direct Investment a Way to Boost Economic Growth? An Egyptian Case Study Using the Autoregressive Distributed Lag (ARDL) Model," Sustainability, MDPI, vol. 13(6), pages 1-28, March.
    8. Mohammad Alawamleh & Mohammed Al-Hussaini & Loiy Bani Ismail, 2022. "Open innovation in the food industry: trends and barriers — a case of the Jordanian food industry," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 12(1), pages 279-290, December.
    9. Nogbou Andetchi Aubin Amanzou & Zie Ballo & Sery Guy Flavien Troupa, 2022. "The application of knowledge stylised facts in West Africa Economic and Monetary Union (WAEMU)," Journal of Innovation and Entrepreneurship, Springer, vol. 11(1), pages 1-20, December.
    10. Audu, Solomon & Gbadamosi, Jumoke, 2021. "Innovation and Social Inequalities in Africa," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(12), pages 12-16, December.
    11. Erstu Tarko Kassa & Tilahun Getnet Mirete, 2022. "Exploring factors that determine the innovation of micro and small enterprises: the role of entrepreneurial attitude towards innovation in Woldia, Ethiopia," Journal of Innovation and Entrepreneurship, Springer, vol. 11(1), pages 1-16, December.
    12. Mohammad Alawamleh & Yara Hanna Francis & Kamal Jamal Alawamleh, 2023. "Entrepreneurship challenges: the case of Jordanian start-ups," Journal of Innovation and Entrepreneurship, Springer, vol. 12(1), pages 1-14, December.

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