Paper Details

Name: Shilpi Goyal, Pooja Agarwal
Country: India

Year: 2022
Volume: Volume-9, Issue-2 (July-December)
Page Number: 79-91

This study reimagines human capital by integrating intellectual, social, and psychological capital into a comprehensive and multidimensional framework. Traditional human capital theory, which primarily focuses on education and skills, is increasingly inadequate in explaining human capability in modern knowledge-driven economies. Drawing on existing literature and a conceptual dataset from 2015 to 2021, the study examines trends across these three dimensions and their combined influence on overall human capital development. The findings indicate a consistent rise in intellectual capital driven by innovation and knowledge systems, steady growth in social capital reflecting the importance of networks and collaboration, and a notable increase in psychological capital emphasizing resilience, optimism, and well-being. The integrated human capital index demonstrates that these dimensions are interrelated and mutually reinforcing, contributing to enhanced individual and organizational performance. The study highlights the need for a holistic approach in policy, education, and organizational practices to foster sustainable human capital development. It
also identifies limitations related to conceptual data and suggests directions for future
empirical research.