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

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 (GMM) 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.