The Problem of the Impact of Human Capital Formed in the Education System on the Socio-Economic Development of Russian Regions

2021 ◽  
Vol 9 (2) ◽  
pp. 34-37
Author(s):  
Leonid Basovskiy ◽  
Elena Basovskaya
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
Education System ◽  
Russian Regions ◽  
Industrial Economy ◽  
Socio Economic Development ◽  
Post Industrial ◽  
The Impact ◽  
Positive Effect

The paper put forward hypotheses that the possibility of economic growth during the transition to a post-industrial economy is determined by human capital formed in the higher education system, the possibility of economic well-being in the transition to a post-industrial economy is determined by human capital formed in the tertiary system. Education, institutional transformations in the education system due to their incon-sistency and approaches based on the administrative and control style of management inherited from the industrial economic system, worsen the conditions for the formation of human capital in the education system of modern Russia. To assess the impact of the socio-economic development of human capital formed in the education system, it is proposed to perform by means of a correlation analysis of links between indicators characterizing the composition of the employed population by education level and indi-cators characterizing the socio-economic development of Russian regions by years of a twenty-year period starting from 2000 to 2019. Preliminary research has made it possible to establish that the employed population of the regions with higher education has a positive effect on economic growth in the regions, but this influence is decreasing; the employed population of the regions with lower levels of education negatively affect the economic growth in the regions. The employed population of regions with higher and professional education has a positive effect on the welfare of the regions.

scholarly journals ASSESSMENT OF THE IMPACT OF INCOME INEQUALITY ON ECONOMIC GROWTH IN RUSSIAN REGIONS

2021 ◽  
Vol 2 ◽  
pp. 106-110
Author(s):  
Rogneda Vasilyeva ◽  
Oleg Mariev ◽  
Elena Ignatieva ◽  
Alla Serkova
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Income Inequality ◽  
Capital Investment ◽  
Cultural Development ◽  
Russian Regions ◽  
Socio Economic Development ◽  
Per Capita ◽  
Fixed Capital Investment ◽  
The Impact

Inequality in the distribution of income of the population has a certain impact on different aspects of the economic and socio-cultural development of countries and regions. This inequality arises due to a number of factors as the current nature of the production specialization, the availability of production and economic infrastructure, the achieved level of development of the social sphere, socio-cultural, demographic, and other factors. The main objective of this study is to assess the nature and extent of the impact of income inequality in the Russian regions for the subsequent justification of the directions of socio-economic development. We conducted an econometric analysis of the impact of intraregional income inequality (the Gini coefficient), fixed capital investment per capita, and average per capita consumer spending on one of the main indicators of regional economic growth (GRP) per capita was carried out. The model is based on panel data for the period 2012-2018 for 85 regions of the Russian Federation. The results of the study confirm two of three hypotheses. As prospects for further research, it is proposed to consider the impact of inequality in the distribution of household income on economic growth for different groups of regions, including resource-type regions and regions with a predominance of manufacturing industries, as well as for leading regions and regions with a relatively low level of socio-economic development.

scholarly journals Does Greenfield Foreign Direct Investment Inflow contribute in Socioeconomic Development? Empirical Evidence from Developing Countries

2021 ◽  
Vol 9 (3) ◽  
Author(s):  
Shahid Akbar ◽  
Ali Raza ◽  
Zahid Raza
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Development ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Developing Economies ◽  
Dependent Variables ◽  
Socio Economic Development ◽  
The Impact ◽  
Positive Effect

This study aims to assess the impact of Greenfield-Foreign Direct Investment (FDI) inflows on the socio-economic development of ten developing countries. Developing economies rely on investment from developed countries, especially Greenfield investment. Greenfield investment is the new capital inflow to the host country's economy that helps to improve economic activities, boosts economic growth, and improves socio-economic welfare. This study has used Greenfield investment as the target-independent variable and other controlled variables remittances, aid, inflation, population, and trade openness. At the same time, socio-economic development, health, economic growth, and education are dependent variables. For this purpose, Pooled Mean Group (PMG) technique/Panel Autoregressive-Distributed Lag (ARDL) has applied for estimation purposes from 1990 to 2017. The empirical findings have shown that Greenfield-FDI has a long-term statistically significant and positive effect on economic growth, health, education, and socio-economic development. In comparison, remittances and official development assistance have positive and negative impacts on the study's dependent variables. The population also has a positive effect, whereas inflation and trade have mixed results. Outcomes of this study advise that policymakers should adopt attractive investment policies to enhance more foreign investment and utilize it efficiently, thereby promoting sustainable development. The government should announce firms to invest in human capital, which will impact productivity.   

scholarly journals Evolution of Perceptions about the Essence of Capital as a Scientific Category and a Factor of the Socio-Economic Development

2019 ◽  
pp. 96-110
Author(s):  
А. TARASENKO ◽  
N. HRYNCHAK ◽  
V. PARKHOMENKO
Keyword(s):  
Economic Growth ◽  
Social Capital ◽  
Human Capital ◽  
Economic Development ◽  
Economic Factors ◽  
Production Processes ◽  
The Social ◽  
Socio Economic Development ◽  
Social Wealth ◽  
The Impact

The article’s objective is to investigate the logic of evolution in the essence and forms of capital under the impact of the changing sources and factors of socio-economic development and social wealth.   The visions of capital prevailing from the middle of the eighteenth till the middle of the nineteenth century are analyzed, to demonstrate that although the classical tradition did not deny the impact of out-of-economic factors on the economy as a whole and the human behavior in particular, the analysis focused on the purely economic factors of growth and distribution of the social wealth. The paradigm of the classical school was changed in the end of nineteenth century by the emerging institutional theory: factor theories of economic growth were replaced by substantiations of multidimensional sources of socio-economic development. The twentieth century was marked by the two achievements: (i) the understanding that the social wealth could not be confined to the material wealth; (ii) a new vision of a mix of factors behind the socio-economic development: natural, technical and technological, and institutional, with research focus gradually shifting from material factors to information and institutional ones.   The following significant move in the vision of capital was the line drawn between the notions of “economic growth” and “economic development”: emphasis on economic growth as the fundament of development made the economic theory inapplicable in studies of broader development perspectives.    A new phase in the economics started in 70s of the twentieth century, with rise of the neo-institutional theory assuming that the material welfare of a nation could not be gained by means of traditional production factors and capital accumulation without a highly developed institutional structure of the society.    The philosophical and economic rediscovery of capital was made by the neo-classical school: by treating capital as a way of value utilization rather than a tangible form, it denied a criterion of capital commonly adopted in the political economy of earlier times, i. e. its alienability, together with the materialistic approach to interpretation of capital. The set of capital parameters was expanded by including in it skills and qualifications (human capital), social relations and networks (social capital), political and economic institutes (institutional capital), and, eventually, intellectual objects of intangible nature. It shows that the forms of capital were transforming from tangible (material) to human and intellectual (intangible) ones. This phase is marked by rise of the theory of human capital, reflecting the cardinal change in the role of the human factor and its impact on science and technology development, production processes and labor productivity. The notion of “social capital” was introduced in economics by abandoning out-dated visions of capital as a purely materialistic phenomenon associated with the material production processes and adopting to broader concept related with social development, with emphasis changing from links of humans and wealth to relations between humans in a broader humanistic sense.    

scholarly journals CONFLICTS IN URBAN SPACE AND POST-INDUSTRIAL URBAN TRANSFORMATIONS

2021 ◽  
pp. 62-71
Author(s):  
Liudmylа NIEMETS ◽  
Olha SUPTELO ◽  
Maryna LOHVYNOVA ◽  
Kateryna SEHIDA
Keyword(s):  
Economic Development ◽  
Local Population ◽  
National Minorities ◽  
Socio Economic Development ◽  
Urban Transformations ◽  
High Level ◽  
Post Industrial ◽  
The Impact ◽  
The City ◽  
Urban Conflicts

Kharkiv is a modern city in the transition to post-industrial development, with significant migratory attractiveness, high level of urbanization, binational and bilingual population, implementation of a number of socio-economic development projects. Today, the city is not only the localization of many opportunities for the development of society and man, but also an area of increased conflictogenity. The purpose of the study is to identify the main urban conflicts during the post-industrial transition, which arise as a reaction to urban transformations and the action of external national processes and the establishment of the main stakeholders of urban changes and conflicts. The study found that the manifestations and degree of conflictogenity in the city depends on its place in the global urban gradation, and therefore, Kharkiv has a high level of conflictogenity, which is confirmed by the frequency of urban conflicts. The study identified factors of high conflictogenity in Kharkiv, which are due to its historical, cultural and socio-economic development. The following conflicts arise in the city: migration, which are caused by pendulum migrations of the population from peripheral areas to the city, forced migrations from the temporarily occupied territories of Ukraine; ethno-national, due to the competition of the Ukrainian-Russian population, conflicts with national minorities living in the city; urban and property conflicts, which arise mainly between representatives of local authorities, stakeholders and the local population. Urban conflicts affect urban processes, change the urban landscape and reduce the city’s attractiveness. We emphasize the need for further comprehensive socio-geographical studies of urban processes in cities, in particular the emergence of conflicts, identifying factors of conflict, the impact of urban conflicts on the socio-geographical landscape and developing models to find effective solutions to conflicts in the city.

scholarly journals The Impact of ICT and FDI as Drivers to Economic Growth In ASEAN-8 Countries: A Panel Regression Analysis

2021 ◽  
Vol 9 ◽  
pp. 91-98
Author(s):  
Noraina Mazuin Sapuan ◽  
Mohammad Rahmdzey Roly
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Regression Analysis ◽  
Panel Regression ◽  
Information And Communication ◽  
Asean Countries ◽  
Using Data ◽  
The Impact ◽  
The Relationship ◽  
Positive Effect

Over the last few years, information and communication technology (ICT) has become a key catalyst for economic growth. The durability of this technology is demonstrated by the rapid proliferation of the Internet, mobile phones and cellular networks across the globe. However, among economic scholars, the question of exactly how the spread of ICT affects economic development and FDI, especially in ASEAN countries with differences in levels of income, remains unanswered. The aim of this study was essentially to explore the relationship between ICT dissemination, FDI and economic growth in ASEAN-8 countries. By using data from 2003 to 2017, the panel regression analysis was used to evaluate these relationships. The results showed that the dissemination of ICT and FDI are important and they have a positive effect on the ASEAN-8 countries’ economic development.

scholarly journals Factors which are Affecting Human Capital in Singapore

2021 ◽  
Author(s):  
S M Nazmuz Sakib
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
Significant Positive Effect ◽  
Hours Worked ◽  
Correlation Tests ◽  
Human Capital Index ◽  
The Relationship ◽  
Positive Effect ◽  
Growth Indicators

The human capital index is a multivariate variable used to measure the assessment of human resource productivity in the future. Human capital has a connection with economic development. Moreover, the study looks to analyses the relationship between Human Capital and Economic Growth indicators such as HCI and GDP. Human Capital relates to the development of individual skills to make them function more profitable for the national economy. The study was aimed at investigating the effect of population, the number of people engaged and the average annual hours worked by engaged persons on the human capital index. The analysis was in SPSS for the findings. Correlation tests were used for analysis. The study revealed that population, the number of people engaged and the average annual hours worked by engaged persons had a significant positive effect on the human capital index.

scholarly journals The Impact of Higher Education and Human Capital Quality on “Local-Neighborhood” Economic Growth

2021 ◽  
Vol 8 (1) ◽  
pp. 1041-1057
Author(s):  
Ran Zhao ◽  
Yuhong Du
Keyword(s):  
Higher Education ◽  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
Technological Innovation ◽  
River Delta ◽  
Neighborhood Effect ◽  
Local Neighborhood ◽  
Catch Up ◽  
The Impact

Based on China’s provincial panel data from 1990 to 2017 and the improved Lucas, Nelson & Phelps model, the Spatial Dubin Model is used to test the spatial effects of higher education and human capital quality. The results showed that high-level human capital, characterized by higher education and urban labor income index, indirectly promoted local economic growth through technological innovation. There was also a “local-neighborhood” synergy effect. The neighborhood effect was manifested in that it affected the economic development of neighbors by promoting technological catch-up. After considering the quality factor, both the local and neighborhood effects were enhanced. From a regional perspective, higher education in the Yangtze River Delta, where the level of economic development is relatively high, was manifested as a spatial spillover effect of technological innovation and the neighborhood effect in the northeastern Bohai Rim and the Pearl River Delta was manifested as a technological catch-up.

Business Activity and Economic Growth: An Economic and Statistical Study

2020 ◽  
Vol 27 (6) ◽  
pp. 66-78
Author(s):  
A. A. Frenkel ◽  
B. I. Tikhomirov ◽  
Y. V. Sergienko ◽  
A. A. Surkov
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Activity Index ◽  
Objective Assessment ◽  
Accurate Determination ◽  
Business Activity ◽  
Economic Activities ◽  
Goods And Services ◽  
Socio Economic Development ◽  
The Impact

This publication reflects the results of the author’s research on improving the domestic statistical and methodological tools used in the analysis and forecasting of the Russian economy. In this regard, the main features of the formation and application of the Business Activity Index for basic spheres of the economy of the Institute of Economics of the Russian Academy of Sciences (hereinafter, the index of business activity) are shown and substantiations of its individual advantages are given in comparison with the index of output of goods and services for the basic types of economic activities of Rosstat (hereinafter, the release of goods and services). The authors provide evidence that despite a number of positive qualities of the applied methodology for constructing the index of output of goods and services, the business activity index, according to the authors of the article, provides a more objective assessment of macroeconomic dynamics, since it includes additional indicators reflecting financial and social aspects of economic development. It is proved that the main advantages of the business activity index are manifested in a more accurate determination of the depth of crisis phenomena in socio-economic development, as well as in determining the timing of the onset and overcoming of these negative processes. The characteristics of the macroeconomic indicators that make up the business activity index are given. Methods for calculating the weights of indicators characterizing the level of business activity in various spheres of the national economy, as well as methods for determining changes in this level are considered. Changes in the dynamics of these weights are analyzed. Ways of more efficient use of business activity indices in the practice of accounting, forecasting and management of socio-economic development are proposed. The conclusion is substantiated that it is advisable to use the business activity index for macroeconomic analysis, forecasting and strategic planning, which will make it possible to more accurately assess the impact of the implementation of national projects and the social package of the message of the President of the Russian Federation on economic growth and increase the efficiency of using business activity tools in the practice of public administration of social economic development of the country.

Human Factor and Economic Growth in Conditions of Post-industrialization

2004 ◽  
pp. 85-96
Author(s):  
S. Egorov
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
Technical Progress ◽  
Human Factor ◽  
Industrial Society ◽  
Wage Level ◽  
State Technical ◽  
Post Industrial

The increase of the role of human factor in post-industrial society and influence of that shift on the theory of economic growth are examined in the article. Special attention is paid to transformation of labor and capital. The influence of the size of the state, technical progress, educational system and wage level on rates of economic development is considered. The author examines the basic opportunities of increasing the value of human capital as the base of sustainable economic development of Russia.

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