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Stream/Area:
-
Subject:
-
Paper ID:
10.55041/IJSREM.NEP013
Volume:
10 |
5 |
May 2026
Pages:
1-7
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
independent researcher
Government Degree College (A), Bodhan
Skill development has emerged as a critical driver of economic growth, particularly in emerging economies facing rapid globalization, technological change, and shifting labour market demands. This study empirically examines the relationship between skill development and economic growth in selected emerging economies over a specified period. Using secondary data drawn from international sources such as the World Bank, International Labour Organization, and UNESCO, the study employs panel data econometric techniques to analyse the impact of skill-related indicators—including vocational training enrolment, education attainment, and workforce skill levels—on economic growth measured through real GDP growth rates. Control variables such as labour force participation, capital formation, and trade openness are incorporated to ensure robustness of the results. The findings reveal a statistically significant and positive relationship between skill development and economic growth, indicating that improvements in workforce skills contribute substantially to productivity enhancement and sustainable economic performance in emerging economies. The study underscores the importance of targeted skill development policies and institutional support in fostering inclusive growth and global competitiveness. The results offer valuable policy implications for governments and development agencies seeking to strengthen human capital formation and accelerate economic growth in emerging markets.
KEYWORDS
The study highlights the critical role of skill development in fostering economic growth in emerging economies. Empirical evidence suggests that investment in education, vocational training, and workforce upskilling contributes positively to GDP growth, employment generation, and productivity enhancement. Skill development not only strengthens human capital but also supports structural transformation from low-skilled to knowledge-intensive industries. In the context of rapid technological change, emerging economies must prioritize digital literacy, technical competencies, and lifelong learning systems to remain competitive in global markets. However, the effectiveness of skill development initiatives depends on institutional quality, policy coordination, and inclusiveness. Governments must ensure equitable access to training programs, particularly for marginalized and rural populations, to achieve inclusive growth. In conclusion, skill development serves as a strategic catalyst for sustainable economic development in emerging economies. Policymakers should strengthen industry-academia collaboration, promote innovation-driven training models, and integrate skill development into broader economic planning frameworks. By doing so, emerging economies can harness their demographic potential, enhance productivity, and achieve long-term economic resilience.
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Publication Date
6/9/2026
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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