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Title: A BEHAVIOURAL ECONOMIC PERSPECTIVE ON GLOBAL MIGRATION AND HUMAN CAPITAL SHIFTS WITH SPECIAL CONSIDERATION FOR SECTORAL DEVELOPMENT AND INDUSTRY SPECIFIC INNOVATION
Authors: Samarth Sarthak Shandilya
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Samarth Sarthak Shandilya Gd Goenka Public School
MLA 8 Shandilya, Samarth Sarthak. "A BEHAVIOURAL ECONOMIC PERSPECTIVE ON GLOBAL MIGRATION AND HUMAN CAPITAL SHIFTS WITH SPECIAL CONSIDERATION FOR SECTORAL DEVELOPMENT AND INDUSTRY SPECIFIC INNOVATION." Int. j. of Social Science and Economic Research, vol. 6, no. 10, Oct. 2021, pp. 4011-4017, doi.org/10.46609/IJSSER.2021.v06i10.028. Accessed Oct. 2021. APA 6 Shandilya, S. (2021, October). A BEHAVIOURAL ECONOMIC PERSPECTIVE ON GLOBAL MIGRATION AND HUMAN CAPITAL SHIFTS WITH SPECIAL CONSIDERATION FOR SECTORAL DEVELOPMENT AND INDUSTRY SPECIFIC INNOVATION. Int. j. of Social Science and Economic Research, 6(10), 4011-4017. Retrieved from doi.org/10.46609/IJSSER.2021.v06i10.028 Chicago Shandilya, Samarth Sarthak. "A BEHAVIOURAL ECONOMIC PERSPECTIVE ON GLOBAL MIGRATION AND HUMAN CAPITAL SHIFTS WITH SPECIAL CONSIDERATION FOR SECTORAL DEVELOPMENT AND INDUSTRY SPECIFIC INNOVATION." Int. j. of Social Science and Economic Research 6, no. 10 (October 2021), 4011-4017. Accessed October, 2021. doi.org/10.46609/IJSSER.2021.v06i10.028.
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Abstract: Shift of human capital has existed from time immemorial, the complex factors facilitating it and consequent motivations that have a dynamic interplay has however changed with time. The main purpose of this research paper is to analyse this diverse component of population change. This will be done by analyzing the following, first, the primary question of “why migration?” through a fundamental difference between the Human capital theories and the concepts of behavioural economics to increase our understanding of ‘predictable irrationals’ such as driving factors, loss aversion, risk seeking & passions. Secondly, examining the impact of the global shift in human capital promoting sectoral development of certain industries with special emphasis on the technology industry. Finally, examining the complex interaction between industry specific innovation and economic development instigated by human capital shifts. The idea of humanuniqueness and behavioural unpredictability will help us extend the classical economic concepts to analyse and forecast migration and at the same time help us device a hypothesis (cited in the paper) that can be used for quantifiable human capital data in real life as we understand the difference between human capital and production outcomes.

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