scholarly journals Human Capital as an Object of Accounting in the Knowledge Economy

2019 ◽  
Vol 71 ◽  
pp. 05003
Author(s):  
O. Kogut
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
Knowledge Economy ◽  
Practical Interest ◽  
Main Role ◽  
Independent Factor ◽  
Modern Economy ◽  
Productive Factor ◽  
Definition Of

The modern economy is called the economy of effective human capital, which emphasizes its main role in the development of the economy and society as a productive factor. Human capital is becoming the most important factor in the country's economic growth, the foundation of sustainable economic development. The article considers approaches to the definition of the concept and theoretical content of the category of human capital, its importance for the development of areas of science and practice. It is revealed that human capital is a necessary independent factor determining economic growth. The necessity of reflecting human capital in the system of accounting and reporting of firms is substantiated. The main problems of recognition of this most important factor of production are revealed, the directions of their further solution are determined. The scientific and practical necessity of introducing a new object of accounting and analysis of human capital is substantiated. The article contains information and conclusions that are of practical interest to firms.

scholarly journals Human Capital Management Under the Conditions of the Postmodern Society in the Context of Ensuring the Economic Safety of the Enterprise

2021 ◽  
Vol 12 (1) ◽  
pp. 267-283
Author(s):  
Zinaida Zhyvko ◽  
Iryna Gorban ◽  
Nadiia Marushko ◽  
Maryna Korzh ◽  
Nataliia Korogod
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Knowledge Economy ◽  
National Economy ◽  
Economic Security ◽  
Basic Component ◽  
Human Capital Management ◽  
Modern Economy ◽  
The Subject ◽  
Object Of Study

In today's conditions of postmodern space the most significant resource of the modern economy, which is being formed in the leading countries of economic development, is human capital. The main goal of the article is to study the process of managing the formation of human capital in the functioning postmodern society as the basis of the national economy and ensuring the economic security of the enterprise. The basic components of human capital are determined on the basis of the analysis. It is established that the basic component is knowledge that affects others and in postmodern conditions of development of the national economy and determines the process of development of human capital. At the same time, the process of forming knowledge, in accordance with the principles of the functioning of the knowledge economy, is associated with the availability and possibility of obtaining information. The object of study is the enterprises of Eastern Europe. The subject of the study is human capital, the economic security system of the enterprise The results of the study allowed us to develop a model for the formation of human capital and to form a mechanism for ensuring the economic security of the enterprise through management of the formation of human capital under the conditions of the postmodern society.

Transformation of the intellectual capital structure and a growth in the significance of its components – human capital and intellectual property – in today's economy

2020 ◽  
Vol 16 (4) ◽  
pp. 745-758
Author(s):  
S.N. Larin ◽  
E.Yu. Khrustalev ◽  
N.V. Noakk
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Intellectual Property ◽  
Intellectual Capital ◽  
Global Economy ◽  
Information Technologies ◽  
Economic Community ◽  
Intellectual Activity ◽  
Accelerated Growth ◽  
Definition Of

Subject. Currently, as the global economy evolves, its innovative components should demonstrate a tendency of accelerated growth as intellectual capital, information technologies, increasing knowledge and digitization of mushrooming production processes. Nowadays, intellectual capital is one of the economic development drivers. However, the economic community is found to have no generally accepted wording of the concept, thus laying the basis for this article. Objectives. The study sums up the analysis of approaches used by the Russian and foreign economists to determining the economic substance of intellectual capital. We also identify the importance of human capital as its components and specify the definition of the concept. Methods. The article overviews and analyzes proceedings by the most renowned authors, which substantiate how the economic substance of intellectual capital should be unveiled, and suggest its definitions. Results. We specified the definition of intellectual capital concerning the current economic development. We suggest integrating a new component into intellectual capital, such as intellectual property, which includes products of intellectual activity and intangible assets. They can be owned by the entity or other legal entities and individuals, including some employees of the entity. Conclusions and Relevance. The specified definition of intellectual capital will help address issues of sustainable economic development and ensure the competitiveness of the Russian entities nationwide and worldwide, since it directly contributes to intellectual capital and its components.

scholarly journals HUMAN CAPITAL AND ITS ROLE IN THE FOURTH INDUSTRIAL REVOLUTION

2021 ◽  
Author(s):  
Yelyzaveta Snitko ◽  
Yevheniia Zavhorodnia
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Labor Market ◽  
Technological Change ◽  
Industrial Revolution ◽  
Skilled Workers ◽  
Fourth Industrial Revolution ◽  
Modern Economy ◽  
The Future ◽  
The Impact

The development of a modern economy, in the context of the fourth industrial revolution, is impossible without the accumulation and development of human capital, since the foundation of the transformation of the economic system in an innovative economy is human capital. In this regard, the level of development and the efficiency of using human capital are of paramount importance. This article attempts to assess the role of human capital in the fourth industrial revolution. In the future, human talent will play a much more important role in the production process than capital. However, it will also lead to a greater division of the labor market with a growing gap between low-paid and high-paid jobs, and will contribute to an increase in social tensions. Already today, there is an increase in demand for highly skilled workers, especially in high-income countries, with a decrease in demand for workers with lower skills and lower levels of education. Analysis of labor market trends suggests that the future labor market is a market where there is simultaneously a certain demand for both higher and lower skills and abilities, combined with the devastation of the middle tier. The fourth industrial revolution relies heavily on the concept of human capital and the importance of finding complementarity between human and technology. In assessing the impact of the fourth industrial revolution, the relationship between technology, economic growth and human resources was examined. The analysis was carried out in terms of three concepts of economic growth, technological change and human capital. Human capital contributes to the advancement of new technologies, which makes the concept of human capital an essential factor in technological change. The authors emphasize that the modern economy makes new demands on workers; therefore it is necessary to constantly accumulate human capital, develop it through continuous learning, which will allow the domestic economy to enter the trajectory of sustainable economic growth. The need to create conditions for a comprehensive increase in the level of human capital development is noted.

scholarly journals Classification of integration associations according to the degree of development of a single transport space

2019 ◽  
Vol 27 (2) ◽  
pp. 375-385
Author(s):  
Mikhail S Komov
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Growth Rates ◽  
World Economy ◽  
Transport Sector ◽  
Special Importance ◽  
The World ◽  
Definition Of ◽  
Negative Growth

In modern conditions of development of integration processes in the world economy, special importance is attached to the transport sector. The formation of a single transport space (STS) in the regions creates additional opportunities for the economic development of the integrating countries. At the same time, the literature does not pay enough attention to the definition of the essence of the single transport space and the classification of integration associations according to the degree of its development. Therefore, there is a need to develop such a classification. The article substantiates the expediency of classification of integration associations according to the degree of development of a single transport space. The author's formal-logical classification is developed, which is based on three basic types of a single transport space: transport and logistics type provide a positive multiplier of integrated economic growth for all participating countries; innovative-logistic and customs-logistic types cause polarization in the action of the multiplier of integrated economic growth (in particular, both positive and negative growth rates of GDP values of the participating countries are possible); industrial and logistics type provide a zero multiplier of integrated economic growth for all participating countries. The conclusion is made about the possibility of unification and harmonization of transport space in the practice of integration associations on the basis of the developed classification.

HUMAN CAPITAL IN THE STRUCTURE OF THE SOCIO-ECONOMIC POTENTIAL OF THE REGION

2021 ◽  
Vol 1 (181) ◽  
pp. 94-101
Author(s):  
O.V. Berezhnaya ◽  
◽  
V.N. Glaz ◽  
E.G. Strukova ◽  
A.H. Goshokov ◽  
...  
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Human Resources ◽  
Economic System ◽  
Modern Society ◽  
Point Of View ◽  
Economic Potential ◽  
Socio Economic Development ◽  
Productive Factor ◽  
Regional Authorities

The article considers approaches to determining the importance of human capital for the socio-economic development of the territories of the Russian Federation, as well as determining its place in the structure of the territorial socio-economic potential. The article shows that human capital is the basis for the formation of the regional economic system and serves as the basis for the implementation of the regional socio-economic potential. The authors define human capital as a key socio-economic and productive factor in the development of not only the modern economy, but also modern society. Regional human capital is defined as a set of human resources with their knowledge, abilities, skills, etc., formed both within the framework of individual human capital and within the framework of corporate human capital, localized on the territory of the region and able to provide reproduction processes within the regional socio-economic system. The article shows that the regional human capital in the structure of the socio-economic potential of the region has both quantitative (population size, including population migration; the gender and age composition of the population of the region, etc.), and the quality characteristics (the level of education and qualifications of the population of the region, the effectiveness of the use of human capital, etc.), reflect the importance of human capital in the state’s program documents. The article proposes the author’s vision of human capital as a resource for the socio-economic development of the region and proves that from the point of view of the realization of the socioeconomic potential of the region, the human resources of a particular region should be considered by regional authorities and management not only as a key resource that ensures the socio-economic development of the region, but also as a resource that imposes certain requirements necessary for the direct realization of human capital (potential).

CONCEPTUAL APPROACHES TO THE DEFINITION OF INCLUSIVE GROWTH IN THE CONTEXT OF ECONOMIC DEVELOPMENT

2021 ◽  
Vol 9 (1) ◽  
pp. 113-119
Author(s):  
Maksym Voichuk
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
International Organizations ◽  
Economic Systems ◽  
Inclusive Growth ◽  
Definition Of ◽  
Different Levels

The article analyzes scientific approaches to defining the concept of inclusive growth, its place, and its role in the structure of economic systems. Attention is paid to the participation of various researchers and international organizations in the formation of this concept. The practical as-pects of the implementation of the concept of “inclusive economic growth” are determined and the prospects for further research on this concept are outlined, in particular, in terms of different levels of the economy.

Human Capital as a Determinant of Long-Term Economic Growth

2018 ◽  
pp. 249-264
Author(s):  
Siriwan Saksiriruthai
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
Capital Accumulation ◽  
Economic Reforms ◽  
Success Factor ◽  
Human Capital Accumulation ◽  
Modern Economic ◽  
And Migration ◽  
Capital Development

This chapter aims to investigate the importance of human capital as a key success factor to economic growth and modern economic reforms as well as exploring determinants of human capital. Then factors influencing human capital accumulation as well as case studies are discussed to illustrate the influence of human capital to economic growth and reforms. Together with economic reforms, supportive education and human capital development policies, some countries could generate a dramatic technology and economic development. Currently, human capital even becomes crucial because of this technological progress. Thus, modern economic reform needs more intense human capital accumulation to cope with more advanced technology. In this chapter, we investigate the role of human capital accumulation by education and migration process in economic reforms and development of three countries with completely different conditions of economic development.

Human Capital as a Determinant of Long-Term Economic Growth

2021 ◽  
pp. 1518-1533
Author(s):  
Siriwan Saksiriruthai
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
Capital Accumulation ◽  
Economic Reforms ◽  
Success Factor ◽  
Human Capital Accumulation ◽  
Modern Economic ◽  
And Migration ◽  
Capital Development

This chapter aims to investigate the importance of human capital as a key success factor to economic growth and modern economic reforms as well as exploring determinants of human capital. Then factors influencing human capital accumulation as well as case studies are discussed to illustrate the influence of human capital to economic growth and reforms. Together with economic reforms, supportive education and human capital development policies, some countries could generate a dramatic technology and economic development. Currently, human capital even becomes crucial because of this technological progress. Thus, modern economic reform needs more intense human capital accumulation to cope with more advanced technology. In this chapter, we investigate the role of human capital accumulation by education and migration process in economic reforms and development of three countries with completely different conditions of economic development.

scholarly journals Enhancing economic development via the increase of the quality of education

2020 ◽  
Vol 8 (2) ◽  
Author(s):  
Katalin Nagy
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Human Capital ◽  
Economic Development ◽  
Educational Development ◽  
Quality Of Education ◽  
Know How ◽  
Sustainable Economic Development ◽  
Key Factor

Sustainable economic development is one of the most important mission of economic policy. More analysis demonstrate that the key factor is the investment of human capital, which means a correlation between economic growth and quality of education. In this study we overview, how human capital and educational development effect to the economic growth, and how is it possible to quantify the results. We also get to know how the degree of development influenced by the quality of education.

scholarly journals Transforming Indigenous Knowledge and Innovation Systems for African Intellectual Decolonization and Renaissance

2021 ◽  
Author(s):  
Joel B. Babalola ◽  
Adesoji A. Oni
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Indigenous Knowledge ◽  
Public Interest ◽  
Knowledge Economy ◽  
Innovation System ◽  
Knowledge Systems ◽  
Access To Education ◽  
African Countries ◽  
Indigenous Knowledge Systems

The application of knowledge (measured in term of entrepreneurship and innovations, research and development, and software and product design) has become one of the spring boards of economic growth. The paper highlights six hindrances to renaissance explosion in knowledge in Africa with special emphasis on inefficiency in indigenous knowledge systems following colonialism. It further highlighted major challenges such as low capacity to invest in advanced human capital, low scientific and analytical capacity, low level of access to education, low digital capacity, low public interest in knowledge systems and low strategic aspiration facing Africa in developing efficient indigenous knowledge systems. The authors, drawing on existing literature and expert consultations, clearly identified and established major challenges being faced by African countries in leveraging on intellectual advances and suggest ways to transform the knowledge and innovation system in moving the continent towards the knowledge economy.

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