Hostname: page-component-78c5997874-fbnjt Total loading time: 0 Render date: 2024-11-10T23:39:08.847Z Has data issue: false hasContentIssue false

National wellbeing and macro talent management revisited: issues of convergence and moderating role of natural resource endowment in developing countries

Published online by Cambridge University Press:  21 December 2022

Alex Anlesinya*
Affiliation:
Department of Organization and Human Resource Management, University of Ghana Business School, Legon, Ghana
Kwesi Amponsah-Tawiah
Affiliation:
Department of Organization and Human Resource Management, University of Ghana Business School, Legon, Ghana
Philip Kofi Adom
Affiliation:
Department of Development Policy, School of Public Service and Governance, Ghana Institute of Management and Public Administration (GIMPA), Achimota, Ghana
Obi Berko Obeng Damoah
Affiliation:
Department of Organization and Human Resource Management, University of Ghana Business School, Legon, Ghana
*
Author for correspondence: Alex Anlesinya, E-mail: alexanlesinya@gmail.com

Abstract

Management scholarship targeted at addressing grand societal problems such as national wellbeing is very few and remains highly fragmented. Hence, this study examines macro talent management (MTM) on national wellbeing and the moderating role of natural resource endowment (NRE). It applies dynamic system generalised method of moments estimator to longitudinal data from 78 developing countries. The results show that MTM can improve subjective and economic national wellbeing. Also, NRE positively moderates the relationship between MTM and national wellbeing facets. Besides, convergence in both subjective and economic national wellbeing is possible, driven significantly by MTM but with heterogeneous regional paths. This study contributes to talent management and wellbeing theories at the macro-level, and further demonstrates that countries can achieve national wellbeing synergies because of MTM practices. Moreover, it incorporates NRE as a macro-level boundary condition into the human capital theory to demonstrate that NRE complements MTM to accelerate national wellbeing facets.

Type
Research Article
Copyright
Copyright © The Author(s), 2022. Published by Cambridge University Press in association with the Australian and New Zealand Academy of Management

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Adom, P. K., & Adams, S. (2020). Decomposition of technical efficiency in agricultural production in Africa into transient and persistent technical efficiency under heterogeneous technologies. World Development, 129, 104907.CrossRefGoogle Scholar
Adom, P. K., Agradi, M., & Vezzulli, A. (2021). Energy efficiency-economic growth nexus: What is the role of income inequality?. Journal of Cleaner Production, 310, 127382.CrossRefGoogle Scholar
Alexeev, M., & Conrad, R. (2009). The elusive curse of oil. The Review of Economics and Statistics, 91(3), 586598.CrossRefGoogle Scholar
Anand, P. (2016). Happiness, well-being and human development: The case for subjective measures. New York: UNDP.Google Scholar
Anlesinya, A. (2021). Talent management, decent work and wellbeing – A multilevel analysis (Doctoral thesis). University of Ghana, Legon.Google Scholar
Anlesinya, A., & Amponsah-Tawiah, A. K. (2020). Towards a responsible talent management model. European Journal of Training and Development, 44(2/3), 279303.CrossRefGoogle Scholar
Anlesinya, A., Amponsah-Tawiah, K., Adom, P. K., Damoah, O. B. O., & Dartey-Baah, K. (2021). The macro talent management, decent work and national well-being nexus: A cross-country and panel data analysis. International Journal of Manpower, 42(5), 777793.CrossRefGoogle Scholar
Anlesinya, A., Dartey-Baah, K., & Amponsah-Tawiah, K. (2019). Strategic talent management scholarship: A review of current foci and future directions. Industrial and Commercial Training, 51(5), 299314.CrossRefGoogle Scholar
Apergis, N., & Majeed, M. T. (2021). Greenhouse gas emissions and cross-national happiness: A global perspective. Air Quality, Atmosphere & Health, 14(8), 12891300.CrossRefGoogle Scholar
Arellano, M., & Bond, S. (1991). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. The Review of Economic Studies, 58(2), 277297.CrossRefGoogle Scholar
Arellano, M., & Bover, O. (1995). Another look at the instrumental variable estimation of error-components models. Journal of Econometrics, 68(1), 2951.CrossRefGoogle Scholar
Bagdadli, S., Gianecchini, M., Andresen, M., Cotton, R., Kaše, R., Lazarova, M., … Dello Russo, S. (2021). Human capital development practices and career success: The moderating role of country development and income inequality. Journal of Organizational Behavior, 42(4), 429447.CrossRefGoogle Scholar
Baltagi, B. H. (2005). Econometric analysis of panel data. New York: John.Google Scholar
Becker, G. S. (1964). Human capital: A theoretical and empirical analysis with special reference to education. Chicago: University of Chicago Press.Google Scholar
Birdsall, N., Pinckney, T., & Sabot, R. (2001). Natural resources, human capital, and growth. In Auty, R. M. (Ed.), Resource abundance and economic growth (pp. 5775). Oxford: Oxford University Press.Google Scholar
Blundell, R., & Bond, S. (1998). Initial conditions and moment restrictions in dynamic panel data models. Journal of Econometrics, 87(1), 115143.CrossRefGoogle Scholar
Bucci, A., Eraydın, L., & Müller, M. (2019). Dilution effects, population growth and economic growth under human capital accumulation and endogenous technological change. Journal of Macroeconomics, 62, 103050.CrossRefGoogle Scholar
Cabral, R., & Castellanos-Sosa, F. A. (2019). Europe's income convergence and the latest global financial crisis. Research in Economics, 73(1), 2334.CrossRefGoogle Scholar
Cooke, F. L. (2021). Talent management in Africa: Challenges, opportunities, and prospects. In Tarique, I. (Ed.), The Routledge companion to talent management (pp. 153163). New York: Routledge.CrossRefGoogle Scholar
Cuaresma, J. C., Havettová, M., & Lábaj, M. (2013). Income convergence prospects in Europe: Assessing the role of human capital dynamics. Economic Systems, 37, 493–507.CrossRefGoogle Scholar
Diaz-Fernandez, M., Bornay-Barrachina, M., & Lopez-Cabrales, A. (2017). HRM practices and innovation performance: A panel-data approach. International Journal of Manpower, 38(3), 354372.CrossRefGoogle Scholar
Diebolt, C., & Hippe, R. (2019). The long-run impact of human capital on innovation and economic development in the regions of Europe. Applied Economics, 51(5), 542563.CrossRefGoogle Scholar
Diener, E., Suh, E. M., Lucas, R. E., & Smith, H. L. (1999). Subjective well-being: Three decades of progress. Psychological Bulletin, 125(2), 276302.CrossRefGoogle Scholar
Dynan, K., & Sheiner, L. (2019). GDP as a measure of economic well-being. Hutchins Center Working Paper #43.Google Scholar
Ferrara, A. R., & Nisticò, R. (2012). Well-being indicators and convergence across Italian regions. Applied Research Quality Life, 8(1), 1544.CrossRefGoogle Scholar
Field, A. (2009), Discovering statistics using SPSS. London: Sage publications Ltd.Google Scholar
George, G., Howard-Grenville, J., Joshi, A., & Tihanyi, L. (2016). Understanding and tackling societal grand challenges through management research. Academy of Management Journal, 59(6), 18801895.CrossRefGoogle Scholar
Gillet, N., Huyghebaert-Zouaghi, T., Austin, S., Fernet, C., & Morin, A. J. (2021). Remote working: A double-edged sword for workers' personal and professional well-being. Journal of Management & Organization, 27(6), 10601082.CrossRefGoogle Scholar
Gold, M. S., & Bentler, P. M. (2000). Treatments of missing data: A Monte Carlo comparison of RBHDI, iterative stochastic regression imputation, and expectation-maximization. Structural Equation Modeling, 7(3), 319355.CrossRefGoogle Scholar
Grant, A. M., Christianson, M. K., & Price, R. H. (2007). Happiness, health, or relationships? Managerial practices and employee well-being tradeoffs. Academy of Management Perspectives, 21(3), 5163.CrossRefGoogle Scholar
Gylfason, T. (2001). Natural resources, education, and economic development. European Economic Review, 45(4–6), 847859.CrossRefGoogle Scholar
Helliwell, J. F., Huang, H., & Wang, S. (2017). Statistical appendix for the social foundations of world happiness. In Helliwell, J. F., Layard, R., & Sachs, J. A. (Eds.), World happiness report 2017 (pp. 847). New York: Sustainable Development Solutions Network.Google Scholar
Helliwell, J. F., Huang, H., Wang, S., & Norton, M. (2020). Social environments for world happiness. In Helliwell, J. F., Layard, R., Sachs, J. D., De Neve, J-E., Aknin, L. B., Huang, H., & Wang, S. (Eds.), World happiness report 2020 (pp. 1246). New York, NY: Sustainable Development Solutions Network.Google Scholar
Hsiao, C. (2022). Analysis of panel data. Cambridge, UK: Cambridge University Press.CrossRefGoogle Scholar
Hussain, M., Ye, Z., Usman, M., Mir, G. M., Usman, A., & Rizvi, S. K. A. (2020). Re-investigation of the resource curse hypothesis: The role of political institutions and energy prices in BRIC countries. Resources Policy, 69, 101833.CrossRefGoogle Scholar
Islam, M. S. (2020). Human capital and per capita income linkage in South Asia: A heterogeneous dynamic panel analysis. Journal of the Knowledge Economy, 11, 16141629.CrossRefGoogle Scholar
Islam, M., Zhang, B., & Managi, S. (2022). The trade-off between natural capital and human capital in Pakistan. Sustain Science, 17, 17991811.CrossRefGoogle Scholar
Kahneman, D., & Deaton, A. (2010). High income improves evaluation of life but not emotional well-being. Psychological and Cognitive Sciences, 107(38), 1648916493.Google Scholar
Khilji, S. E., Tarique, I., & Schuler, R. S. (2015). Incorporating the macro view in global talent management. Human Resource Management Review, 25(3), 236248.CrossRefGoogle Scholar
Lanvin, B., Evans, P., Lemière, M. M., & Merdikawati, N., & INSEAD. (2013). Global and mobile: Talent is reshaping the world economy. In Lanvin, B., & Evans, P. (Eds.), The global talent competitiveness index 2013 (pp. 1748), Singapore: INSEAD.Google Scholar
Lanvin, B., & Monteiro, F. (2019). The global talent competitiveness index 2019: Entrepreneurial talent and global competitiveness. Fontainebleau, France: INSEAD.Google Scholar
Lu, F., & Sohail, M. T. (2022). Exploring the effects of natural capital depletion and natural disasters on happiness and human wellbeing: A study in China. Frontiers in Psychology, 13, 870623.CrossRefGoogle ScholarPubMed
Macht, S. A., Chapman, R. L., & Fitzgerald, J. A. (2020). Editorial: Management research and the United Nations sustainable development goals. Journal of Management & Organization, 26, 917928.CrossRefGoogle Scholar
McGarry, O., Krisjane, Z., Sechi, G., MacÉinrí, P., Berzins, M., & Apsite-Berina, E. (2021). Human capital and life satisfaction among circular migrants: An analysis of extended mobility in Europe. Journal of Ethnic and Migration Studies, 47(8), 18831901.CrossRefGoogle Scholar
Mileva, E. (2007). Using Arellano–Bond dynamic panel GMM estimators in Stata. New York: Fordham University.Google Scholar
Mohtadi, S. (2022). Natural resources, institutions and the quality-adjusted human capital. Journal of Economic Studies, 49(6), 10331054.CrossRefGoogle Scholar
Muhanji, S., Ojah, K., & Soumaré, I. (2019). How do natural resource endowment and institutional quality influence the nexus between external indebtedness and welfare in Africa?. Economic Systems, 43(1), 7798.CrossRefGoogle Scholar
Neumayer, E. (2003). Beyond income: Convergence in living standards, big time. Structural Change and Economic Dynamics, 14, 275296.CrossRefGoogle Scholar
Ogbonnaya, C., & Messersmith, J. (2019). Employee performance, well-being, and differential effects of human resource management subdimensions: Mutual gains or conflicting outcomes?. Human Resource Management Journal, 29(3), 509526.CrossRefGoogle Scholar
Palma, N., & Reis, J. (2019). From convergence to divergence: Portuguese economic growth, 1527–1850. The Journal of Economic History, 79(2), 477506.CrossRefGoogle Scholar
Peiró-Palomino, J. (2019). Regional well-being in the OECD. The Journal of Economic Inequality, 17, 195218.CrossRefGoogle Scholar
Pereira, M. A., Camanho, A. S., Marques, R. C., & Figueira, J. R. (2021). The convergence of the World Health Organization member states regarding the United Nations’ sustainable development goal ‘Good health and well-being’. Omega, 104, 102495.CrossRefGoogle Scholar
Pizzi, S., Caputo, A., Corvino, A., & Venturelli, A. (2020). Management research and the UN sustainable development goals (SDGs): A bibliometric investigation and systematic review. Journal of Cleaner Production, 276, 124033.CrossRefGoogle Scholar
Rahim, S., Murshed, M., Umarbeyli, S., Kirikkaleli, D., Ahmad, M., Tufail, M., & Wahab, S. (2021). Do natural resources abundance and human capital development promote economic growth? A study on the resource curse hypothesis in Next Eleven countries. Resources, Environment and Sustainability, 4, 100018.Google Scholar
Raiser, M., Wes, M., & Yilmaz, A. (2016). Beyond convergence: Poland and Turkey en route to high income. Central Bank Review, 16(1), 717.CrossRefGoogle Scholar
Rentfrow, P. J., Mellander, C., & Florida, R. (2009). Happy states of America: A state-level analysis of psychological, economic, and social well-being. Journal of Research in Personality, 43(6), 10731082.CrossRefGoogle Scholar
Sachs, J. D. (2016). Happiness and sustainable development: Concepts and evidence. In Helliwell, J., Layard, R., & Sachs, J. (Eds.), World happiness report 2016 update (Vol. 1, pp. 5665), New York: Sustainable Development Solutions Network.Google Scholar
Sachs, J. D., & Warner, A. M. (1995). Natural resource abundance and economic growth. Cambridge MA: National Bureau of Economic Research.CrossRefGoogle Scholar
Sachs, J. D., & Warner, A. M. (1999). The big push, natural resource booms and growth. Journal of Development Economics., 59(1), 4376.CrossRefGoogle Scholar
Sachs, J. A., & Warner, A. W. (2001). The curse of natural resources. European Economic Review, 45(4–6), 827838.CrossRefGoogle Scholar
Shahbaz, M., Destek, M. A., Okumus, I., & Sinha, A. (2019). An empirical note on comparison between resource abundance and resource dependence in resource abundant countries. Resources Policy, 60, 4755.CrossRefGoogle Scholar
Stevenson, B., & Wolfers, J. (2008). Economic growth and subjective well-being: Reassessing the Easterlin paradox (No. w14282). National Bureau of Economic Research, United States.CrossRefGoogle Scholar
Stijns, J. P. (2006). Natural resource abundance and human capital accumulation. World Development, 34(6), 10601083.CrossRefGoogle Scholar
Tan, E. (2014). Human capital theory: A holistic criticism. Review of Educational Research, 84(3), 411445.CrossRefGoogle Scholar
Teixeira, A. A., & Queirós, A. S. (2016). Economic growth, human capital and structural change: A dynamic panel data analysis. Research Policy, 45(8), 16361648.CrossRefGoogle Scholar
Thunnissen, M., Boselie, P., & Fruytier, B. (2013). Talent management and the relevance of context: Towards a pluralistic approach. Human Resource Management Review, 23(4), 326336.CrossRefGoogle Scholar
Vaiman, V., Sparrow, P., Schuler, R., & Collings, D. G. (2019). Macro talent management in emerging and emergent markets: A global perspective. New York: Routledge.Google Scholar
Voegtlin, C., Scherer, A. G., Stahl, G. K., & Hawn, O. (2022). Grand societal challenges and responsible innovation. Journal of Management Studies, 59(1), 128.CrossRefGoogle Scholar
Voukelatou, V., Gabrielli, L., Miliou, I., Cresci, S., Sharma, R., Tesconi, M., & Pappalardo, L. (2021). Measuring objective and subjective well-being: Dimensions and data sources. International Journal of Data Science and Analytics, 11(4), 279309.CrossRefGoogle Scholar
World Bank (2019a), New country classifications by income level: 2019–2020, World Bank. Retrieved from https://datahelpdesk.worldbank.org/knowledgebase/articles/906519worldbankcountryandlending-groups.Google Scholar
World Bank. (2019b). Data population, total. World Bank Database. Available from https://data.worldbank.org/indicator/SP.POP.TOTL.Google Scholar
World Bank. (2020). Total natural resources rents (% of GDP). Retrieved from https://data.worldbank.org/indicator/NY.GDP.TOTL.RT.ZS.Google Scholar
Zhang, L., & Adom, P. K. (2018). Energy efficiency transitions in China: How persistent are the movements to/from the frontier?. The Energy Journal, 39(6), 147169.CrossRefGoogle Scholar
Supplementary material: File

Anlesinya et al. supplementary material

Appendix

Download Anlesinya et al. supplementary material(File)
File 58.6 KB