scholarly journals Human Capital as a Factor of Informal Employment in Azerbaijan

2021 ◽  
pp. 91-98
Author(s):  
N.A. Novruzov ◽  
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Human Capital ◽  
Driving Force ◽  
Historical Development ◽  
Modern Society ◽  
Informal Employment ◽  
Factors Affecting ◽  
National Wealth ◽  
Key Factor

Discussed are the theory of sustainable development of society and the concept of national wealth which are based on the recognition of man as the driving force of social development. The formation and development of human capital, the use of its potential is becoming, along with the development of technology, a key factor in the development of the productive forces of society. A person, possessing a combination of various forces and abilities, is a factor of economic growth. The aim of the work is to study the development of human capital and the growth of its role in modern society. In accordance with the set goal, the following tasks are solved: clarification of the content of the concept of “human capital”, consideration of the theory of human capital within the framework of historical development and disclosure of its function, identifying the types of human capital and factors affecting it, analysis of the state of human capital in Azerbaijan, identification of risks and challenges, recommendations for improving human capital in the country.

Empirical Study on the Correlations of Environmental Pollution, Human Capital, and Economic Growth

2013 ◽  
pp. 128-137 ◽  
Author(s):  
Li Guangming ◽  
An Zhaofeng
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Human Capital ◽  
Empirical Study ◽  
Environmental Pollution ◽  
Capital Accumulation ◽  
Pollutant Emission ◽  
Human Capital Accumulation ◽  
The Individual ◽  
Protection Authority

Based on 1990-2007 data in Guangdong China, this chapter studies the correlation of environmental pollution, human capital, and economic growth. The results show that Guangdong’s economic growth deteriorates the environmental quality. Highly skilled human capital is one of the main engines of the economic growth and the growth promotes the human capital’s accumulation. Upgrading the human capital helps controlling pollutant emission and environmental pollution depresses the human capital accumulation. Furthermore, the authors hope that understanding the individual relationships between environmental pollution and human capital or economic growth will help the environmental protection authority or governments in China to make more effective and efficient regulations or policies to coordinate the country’s sustainable 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.

A Survey of Economic Growth

2014 ◽  
pp. 73-103
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Endogenous Growth ◽  
Productivity Growth ◽  
Driving Force ◽  
Growth Theory ◽  
Social Infrastructure ◽  
Solow Model ◽  
Neoclassical Theory ◽  
Endogenous Growth Theory

This chapter is a survey of the two prominent theories of economic growth (the neoclassical theory as proposed by Solow [1956] and the endogenous growth theory that originated from the seminal works of Romer [1986]). To date, works following these have essentially been their extensions/refinements and some of the important extensions have also been summarised in this chapter. The current chapter discusses their major findings and implications for policy. It is also shown that the Solow model can be extended and used for policy. The endogenous growth theory, although stated to have some drawback, is useful for policy, as it has added new thoughts on how productivity may be generated. The chapter remains highly theoretical and derivations are suppressed, unless they become necessary. This survey finds that while the driving force of growth has been known since Solow's proposition, the endogenous models have provided some discussions on how economies may achieve productivity growth. Some important sources of productivity advancements that have been suggested are through human capital, research and development, innovations, knowledge creation, and supportive institutions and social infrastructure.

scholarly journals Intellectual Capital in Terms of Regional Development of the Republic of Serbia

2021 ◽  
Vol 59 (3) ◽  
pp. 315-340
Author(s):  
Petar Veselinović ◽  
Marija Veljković
Keyword(s):  
Economic Growth ◽  
Regional Development ◽  
Empirical Research ◽  
Intellectual Capital ◽  
Modern Society ◽  
Knowledge Use ◽  
Knowledge Based ◽  
National Wealth ◽  
Knowledge Based Economy ◽  
The Republic

Abstract Empirical research of intellectual capital in term of regional development of the Republic of Serbia aims to show and explain the function of intellectual capital in the regional development of the Republic of Serbia, and point out the disparities of national regions in terms of economic development and intellectual capital resources. Intellectual capital today is one of the most important social subsystems, which, by its scope and influence, is gaining an increasing importance in the development of modern society. As a complex, dynamic human process of knowledge use, intellectual capital is tied to the notion of “new knowledge-based economy”. Intellectual capital at the macroeconomic level is a new area of research that focuses on understanding, measuring, and reporting on intangible assets that may have an impact on the creation of national wealth. The concept of intellectual capital is abstract, unambiguous and complex, which leads to numerous differences in the interpretation of this economic category. The results of empirical research confirmed that intellectual capital is in a significant linear functional relationship with economic growth in the Republic of Serbia - in 63.5% of cases, economic growth is explained by intellectual capital resources in the period 2012-2018. Also, the research confirmed significant inequalities in the development and available resources of intellectual capital in the regions of the Republic of Serbia.

scholarly journals FASHION INDUSTRY DEVELOPMENT AND SUSTAINABLE DEVELOPMENT: DIFFERENT DIRECTED VECTORS

2018 ◽  
pp. 74-79
Author(s):  
Т. SERHIYEVICH.
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Oil Industry ◽  
Modern Society ◽  
Consumer Society ◽  
Fashion Industry ◽  
Industry Development ◽  
Environmental Threats ◽  
Environmental Consequences

In a modern society, characterized as a “consumer society” (J. Baudrillard), the tasks of reducing the environmental consequences of economic growth are actualized. According to experts, the second largest industrial polluter today is the fashion industry, which is second only to the oil industry. The article examines the mechanisms of influence of fashion as a factor in stimulating consumption in modern society. In the context of the growth of the fashion industry, the threats to sustainable development arising at the stages of production, consumption and utilization of fashion industry products are investigated. The conclusion is made about the need forself-determination of the place of belarusian producersin the global fashion industry, taking into account increasing environmental threats.

scholarly journals Drivers of Declining Energy Intensity all over the World: Based on the Perspective of National Industrial Production

CONVERTER ◽  
2021 ◽  
pp. 468-479
Author(s):  
Xiangdong Sun Et al.
Keyword(s):  
Economic Growth ◽  
Energy Efficiency ◽  
Sustainable Development ◽  
Driving Force ◽  
Regional Differences ◽  
Technological Progress ◽  
Energy Intensity ◽  
Energy Prices ◽  
The World ◽  
The Relationship

Improving the world's aggregate energy efficiency is consequential for global sustainable development. This paper evaluated the world's aggregate energy intensity reduction along with economic growth and industrial transformationusing the panel data of all countries around the world from 1971 to 2016. The overall energy intensity of the world was decomposed into activity mix and national intensity based on LMDI approach, and we found that the latter was the main driving force for the reduction of the world's overall energy intensity. We further analyzed the relationship between energy prices, technological progress, and national intensity. The results showed that technological progress and energy prices significantly decreased national intensity, with significant regional differences, however, no significant impact appeared in a price-declining period. To reduce energy intensity, localized measures in different supra-national regions are needed.

Human Capital in the European Union:Public and Supranational Context

2012 ◽  
pp. 80-97
Author(s):  
M. Klinova ◽  
Y. Sidorova
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
European Countries ◽  
European Experience ◽  
Europe 2020 ◽  
Key Factor ◽  
Modern Economic

The article examines the process of shaping and employment of human capital as a key factor in modern economic development. The interconnection between human capital and economic growth in the European countries is analyzed, as well as the role of human capital for realization of the Strategy Europe 2020. The significance of European experience for managing human capital in Russia is reviewed.

scholarly journals Effective Use of Human Capital in the Context of Sustainable Development of the Region

REGIONOLOGY ◽  
2021 ◽  
Vol 29 (4) ◽  
pp. 820-839
Author(s):  
Tamara V. Uskova ◽  
Lyubov V. Babich
Keyword(s):  
Sustainable Development ◽  
Human Capital ◽  
Economic Development ◽  
Innovation Activity ◽  
Federal State ◽  
Index Method ◽  
Socio Economic Development ◽  
Key Factor ◽  
The Government ◽  
Effective Use

Introduction. Sustainable development is Russia's strategic goal at the national and regional levels. Currently, its key factor is innovation, which, in turn, is determined by the availability of sufficient amount of human capital, it being a set of knowledge, skills and abilities, including the ability of a person to generate ideas, create innovations, and bring them to production. Although Russia has a fairly large amount of human capital, its economy is experiencing difficulties in shifting to the innovation-driven model. Based on the conducted research, the article evaluates effectiveness of the use of human capital and analyzes the causes of the existing contradiction. Materials and Methods. The theoretical foundations of the study include the works of Russian and foreign academic economists, generalization and critical analysis of which made it possible to show the indirect impact of human capital on sustainable development. Based on data from the Russian Federal State Statistics Service, its territorial offices and the Analytical Center under the Government of the Russian Federation, the efficiency of the use of human capital by Russian regions was calculated employing the index method and it was compared with the level of the socio-economic development. Results. The level of innovation activity in Russia’s regions remains low. Innovation has not become a driving force for sustainable development. One of the reasons for this is low effectiveness of the use of human capital. Calculations of this indicator, carried out according to the adopted methodology, make it possible to conclude that Russia’s regions use slightly more than half of the accumulated human capital. Consequently, there are reserves for boosting innovation activity. Indirectly, this is evidenced by the comparison of the level of socio-economic development of the region and the index of effectiveness of the use of human capital. Discussion and Conclusion. The conducted research makes it possible to conclude that increasing effectiveness of the use of human capital will contribute to the growth of innovation in the economy of the regions and thereby facilitate the transition to the model of sustainable development.

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