Role of human and relational capital of universities as underpinnings of a knowledge economy: A structural modelling perspective from north Indian universities

Authors propose a research framework that human capital of universities enhances performance through the mediating mechanisms of relational capital. Against the backdrop of the report issued by the National Knowledge Commission set up by the Indian government with a vision to transform India into a global knowledge hub, this study explores how universities can contribute in contriving a knowledge economy. Data collected from 13 north Indian universities has been tested empirically using structural equation modelling (SEM). Findings reveal that human capital has a significant influence on a university's performance and relational capital partially mediates that effect. The results of this study will be of paramount importance for planners in the Indian higher education sector to achieve the goals that have been laid down in the report. Furthermore, it will help administrators and policy makers at universities to take cognizance of the global shift towards the knowledge economy and leverage human and relational capital in the process.