scholarly journals SOCIAL CYCLE AS A RESULT OF TRANSFORMATION OF PRODUCTION STRUCTURE OF SOCIAL AND ECONOMIC SYSTEM

2018 ◽  
pp. 27-35
Author(s):  
Elena Valerievna Bazueva
Keyword(s):  
Human Capital ◽  
Labor Market ◽  
Economic System ◽  
Social Inequality ◽  
Social Effects ◽  
High Tech ◽  
Social Changes ◽  
Skilled Workers ◽  
Russian Economy ◽  
The Impact

The range of modern studies which are devoted to the impact of fluctuations in economic dynamics on selected social indicators is divided into different branches of scientific knowledge. The article focuses on a complex research of the social cycle features as a factor and a result of progressive changes in the production component of the socio-economic system. In terms of the developing provisions of the recurrent approach, a social cycle is interpreted as a cycle resulting in transformation processes in the modern macroeconomic cycle and reflecting social changes in the economy and society as a whole. There has been analyzed the impact of changes in the structure of production on transformation of the type of population reproduction, on parameters of the labor market, on increasing social inequality. It has been stated that the digitalization of the Russian economy is accompanied by contradictory social changes in the economy and society as a whole. Positive social changes include the transition from the formula of quantitative increase of human capital to its qualitative improvement, beginning of the process of workers' labor movement towards high-tech activities with automated technological processes, the prospect of replacing health-cost production technologies by life-saving technologies, as a result of production assets the renovation. The negative social effects there have been identified the increase in the incidence due to the unstable dynamics of the mortality rate, imbalance of changes in supply and demand in the Russian labor market, rising unemployment rates, increasing social inequality amid growth of differentiation in wages between low-and high-skilled workers, the growth of secondary inequality in families as a result of unequal access to methods of formation and use of human capital in the highly educated and low-educated part of the Russian population. It has been inferred that digitalization of the Russian economy is dominated by negative social effects as a result of ignoring the account of the complex of cause-and-effect relations between the main components of modern macroeconomic processes.

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 Econometric models for estimating current and forecast values of the level of human capital development in the Russian economy

2020 ◽  
Vol 26 (1) ◽  
pp. 52-67
Author(s):  
Nina Baranova ◽  
Sergey Larin ◽  
Evgeny Khrustalyov
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Negative Impact ◽  
Import Substitution ◽  
Econometric Models ◽  
Practical Significance ◽  
Human Capital Development ◽  
Russian Economy ◽  
Capital Development ◽  
The Impact

Studies of factors of sustainable economic development in modern conditions are highly relevant for Russia due to the constant increase and tightening of sanctions restrictions. They have a negative impact on the introduction of innovative developments and economic growth, and reduce the competitiveness of Russian enterprises and their products on world markets. Human capital can become one of the key factors for countering sanctions restrictions, improving the efficiency of economic development and gaining additional competitive advantages for domestic enterprises and the economy as a whole. Assessing the impact of human capital on the sustainable development of the economy is difficult, since it is one of the specific forms of capital. When making appropriate measurements, economic scientists rely on a number of developed theoretical methods and practical tools that support them, which allow us to obtain fairly accurate values of the human capital development index (HDI) based on statistical data. First of all, this is the current UN methodology for calculating the HDI indicator, as well as modern software systems OriginPro-8.6 and Eviews-10.0, which have sufficiently advanced functionality for performing calculations. Russia today has all the necessary prerequisites and opportunities for progressive social and economic development. However, the formation of econometric models will help to timely determine the current and forecast values of the level of human capital development for individual enterprises, industries, and the country’s economy as a whole. This paper shows the practical application of the econometric tools of all the above approaches to obtain the calculated values of the HDI indicator for different time periods and different scenarios for the development of the Russian economy. The results obtained confirmed the high practical significance of the tools used and the acceptable accuracy of the calculations. However, the current and forecast values of the level of human capital development alone will not be able to ensure the effective development of the Russian economy. On the contrary, the effective use of human capital in the implementation of import substitution strategies and national projects will allow our country to become one of the world’s leading economic development countries.

The Impact of the Asian Financial Crisis on Foreign Workers in Taiwan

1998 ◽  
Vol 7 (2-3) ◽  
pp. 145-169 ◽  
Author(s):  
Joseph S. Lee
Keyword(s):  
Labor Market ◽  
Financial Crisis ◽  
Economic Crisis ◽  
Construction Projects ◽  
Economic Structure ◽  
Asian Financial Crisis ◽  
Foreign Workers ◽  
Skilled Workers ◽  
The Future ◽  
The Impact

Having experienced an economic crisis earlier, Taiwan was on its way to recovery when the crisis struck in 1997. In general, Taiwan's labor market was hardly affected by the crisis. Although the demand for foreign workers continues, there will be a decline in the employment of foreign workers in the future. The completion of construction projects and the upgrading of the economic structure would imply a lesser demand for foreign workers in the next few years. In the future, while the Taiwanese labor market would be more restrictive of less-skilled workers, it would be more open to professionals and highly skilled.

scholarly journals Accumulated Human Capital, Unemployment, And Subsequent Wages

2011 ◽  
Vol 22 (4) ◽  
Author(s):  
Vera Adamchik ◽  
Thomas Hyclak
Keyword(s):  
Human Capital ◽  
Labor Market ◽  
Significant Determinant ◽  
Font Size ◽  
Wage Setting ◽  
Market Experience ◽  
Economic Forces ◽  
Data Source ◽  
Specific Human Capital ◽  
The Impact

<p class="MsoNormal" style="text-align: justify; margin: 0in 34.2pt 0pt 0.5in; mso-layout-grid-align: none;"><span style="font-size: 10pt; mso-bidi-font-family: 'Times New Roman';"><span style="font-family: Times New Roman;">The objective of this paper is to empirically examine the determinants of post-unemployment wages and to identify the underlying economic forces triggering the observed wage setting mechanisms. Specifically, the paper focuses on the impact of accumulated human capital on post-unemployment wages and investigates the following issues: (1) Is formal educational attainment a significant determinant of post-unemployment wages? (2) What type of previous labor market experience (general vs. job-specific) is more valued by a new employer? (3) Are workers who find a new job in the same sector, industry or occupation more likely to retain their specific human capital and, thus, earn higher post-unemployment wages? The 1994-2001 Polish Labor Force Surveys are used as the data source for this study. </span></span></p>

scholarly journals SPECIFIC FORMATION OF HUMAN CAPITAL UNDER THE CONDITIONS OF THE LABOR MARKET TRANSITION TO A DIGITAL MODEL OF DEVELOPMENT

2020 ◽  
pp. 117-125
Author(s):  
Светлана Михайловна Ефремова ◽  
Ирина Васильевна Скоблякова
Keyword(s):  
Human Capital ◽  
Labor Market ◽  
Market Transition ◽  
Competitive Advantages ◽  
Economic Stability ◽  
Modern Economy ◽  
Digital Competencies ◽  
Capital Development ◽  
The Impact ◽  
Digital Capital

Цель исследования - оценить влияние цифровой трансформации на уровень развития человеческого капитала как источника обеспечения конкурентных преимуществ индивида на рынке труда. Научная новизна состоит в обосновании необходимости включения нового компонента в человеческий капитал - «цифровой капитал», формировании авторского подхода к определению цифрового капитала и оценке влияния цифровых компетенций на структуру и формы занятости его носителей. В качестве общего итога обоснована необходимость формирования кадрового потенциала, владеющего цифровыми компетенциями, как основы социально-экономической стабильности общества. The purpose of the study is to assess the impact of digital transformation on the level of human capital development as a source of ensuring the competitive advantages of an individual in the labor market. A model for the formation of human capital based on the inclusion of digital capital as a leading component that determines the level of its development in a modern economy is proposed. Scientific novelty consists in highlighting the issues of the influence of carriers of digital competencies on the growth of their employment and income. As a general result, the need for the formation of human resources with digital competencies as the basis for the socio-economic stability of society is substantiated.

Esperienza lavorativa dei fondatori e sopravvivenza delle giovani imprese high-tech in mercati in crisi

2009 ◽  
pp. 41-61
Author(s):  
Luca Grilli
Keyword(s):  
Human Capital ◽  
Work Experience ◽  
Firm Survival ◽  
Jel Classification ◽  
High Tech ◽  
Specific Work ◽  
Alternative Employment ◽  
Start Up ◽  
The One ◽  
The Impact

- This article adds new insights into the relationship between the founders' human capital and the survival prospects of start-up businesses. The impact of founders' human capital on firm survival is controversial. On the one hand, more experienced and skilled individuals are likely to create start-up businesses with a high chance of survival; on the other hand, their opportunity costs to run the firm may be high given the potential returns for investing their efforts in alternative employment opportunities. Analysing a sample of 179 Italian start-up companies created during 1995-early 2000 and operating in the ICT services markets, this study provides evidence that, in intense industry crises (early 2000-2003), highly work-experienced entrepreneurs may pursue an exit strategy, highlighting the importance of distinguishing between different types of work experience and different exit routes. In particular, founding teams with highly specific work experience show higher probability of following the M&A route, while a higher level of generic work experience is more conducive to closure. Keywords: high-tech entrepreneurship; young firm survival; founders' human capital Parole chiave: imprenditorialitŕ high-tech; sopravvivenza di giovani imprese; capitale umano degli imprenditori Jel Classification: L26 - L86

The Factor Productivity in the Pre-crisis Russian Economy

2015 ◽  
Vol 3 (3) ◽  
pp. 19-23 ◽  
Author(s):  
Басовская ◽  
Elena Basovskaya
Keyword(s):  
Human Capital ◽  
Labor Productivity ◽  
New Technologies ◽  
Institutional Environment ◽  
General Level ◽  
Factor Productivity ◽  
Russian Economy ◽  
Production Factors ◽  
Main Production ◽  
The Impact

To evaluate the factor productivity in the pre-crisis economy the econometric models were built. From the general level determination of the labor productivity models of 77.8%, the share of capital is 67%, the share of human capital — 8.4%, the share of new technologies — 1.4%. Effect of changes in the level of human capital on productivity surpasses the effect of changes in capital and the degree of diffusion of new technologies. In the pre-crisis period, the influence of the main production factors on the labor productivity was significantly decreased. The new tecnology have ceased to influence on productivity in general. The recession factor productivity in the country in the period 2010- 2013 may due to the formation under the impact of the adopted laws for the economic growth adverse institutional environment.

Sign in / Sign up

Export Citation Format

Share Document