Human capital and industry specialization drive economic growth dynamics worldwide.
Human capital, like education and skills, is important for a country's economic growth. This study looked at how human capital interacts with the types of industries in a country to affect growth. They found that in developed countries with lots of high-tech industries, human capital helps economic growth. But in less developed countries with fewer high-tech industries, human capital can actually slow down growth. So, the mix of human capital and industries matters for a country's economy.