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Human capital space: a spatial perspective of the dynamics of people and economic relationships

Economics

Human capital space: a spatial perspective of the dynamics of people and economic relationships

Z. Yang

Explore the innovative concept of human capital space (HCS), proposed by Zhenshan Yang, which delves into the intricate relationship between people and space in economic development. Discover how HCS could guide human-centered spatial development and enhance policy effectiveness and investments in urban and regional settings.

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~3 min • Beginner • English
Abstract
While researchers increasingly recognise drastic changes in populations and repeatedly emphasise their implications for development, far less attention is devoted to thinking of and making spaces available for people. This article proposes the concept of human capital space (HCS) and elaborates on its typology, spatial externalities, selection-sorting-matching mechanism, and crucial role in building dynamic capabilities in cities and regions. Theoretical discourses and constructs furnish reasons to believe that HCS is a useful instrument to examine the complex people-space relationship and to encourage conversations about the interactions among population, labour, economic geographies, and related disciplines. HCS provides a terrain for scientists to actively engage in human-centred spatial development, inform policies in a timely manner, and argue for effective investment in space to bolster the endogenous power of spatial development.
Publisher
Humanities & Social Sciences Communications
Published On
Apr 06, 2023
Authors
Zhenshan Yang
Tags
human capital space
economic development
spatial externalities
dynamic capabilities
spatial development
policies
investments
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