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.

CONCEPTUAL PRINCIPLES OF ACHIEVING INTELLECTUAL LEADERSHIP

2021 ◽  
Vol 6 (2) ◽  
pp. 100-104
Author(s):  
Liudmyla Tsymbal
Keyword(s):  
Economic Development ◽  
Intellectual Capital ◽  
Global Economy ◽  
Physical Capital ◽  
Developed Countries ◽  
Educational Process ◽  
High Tech ◽  
The Impact ◽  
Intellectual Leadership

The article identifies the key conceptual foundations for the formation of intellectual leadership of economic entities, including countries as specific actors in the global economy. Thorough preconditions for increasing the level of economic development and the impact of education have been identified. It is determined that historical concepts and modern realities of economic activity only actualize the role of education and enlightenment in the economic development of the national economy and ensuring its competitiveness. The strategies of increasing the competitiveness of individual countries of the world are analyzed, their key priorities in the conditions of formation of the knowledge economy are determined. The evolution of views on the role of human and intellectual capital in increasing the welfare of countries, the impact on GDP and other macroeconomic indicators is described. The ratings of countries are analyzed, in particular by the level of investment in intellectual capital and the structure of their GDP, which confirms the dominance of science-intensive economic activities. In addition, it was determined that the leading countries are characterized by increasing the role of knowledge-intensive activities, increasing the share of intangible assets, redistribution of capital of leading international companies and increasing research spending, increasing investment in human and intellectual capital, increasing exports of high-tech products. Analytical assessment confirms the advanced development of science-intensive industries in countries with developed economies, which creates the need for training and retraining of specialists needed for such industries. In modern conditions, the educational process ceases to be predominantly the prerogative of young people, and becomes a lifelong process, which increases spending on education in developed countries, but without denying the significant asymmetries on this indicator. Research confirms the direct relationship between the quality of human and physical capital and economic development, which is typical of highly developed countries, one of the main reasons for the development lag of the poorest countries. In addition, the article substantiates the key factors of intellectual leadership and their impact on the development of economic development strategies.

scholarly journals INTELLECTUAL CONTENT OF GREEN GROWTH IN CONDITIONS OF SUSTAINABLE DEVELOPMENT

2021 ◽  
Author(s):  
Kristina Dryhola ◽  
◽  
Alona Khlivitskaya ◽  
Daria Vydai ◽  
◽  
...  
Keyword(s):  
Sustainable Development ◽  
Human Capital ◽  
Intellectual Capital ◽  
Gradual Transition ◽  
Relational Capital ◽  
Organizational Capital ◽  
Green Growth ◽  
Intellectual Activity ◽  
Intellectual Content ◽  
Stage Of Development

The article is devoted to the analysis of the essence of the intellectual content of green growth in the framework of the global course of mankind for sustainable development. The gradual transition in scientific works from information economy and knowledge economy to intellectual economy, which is characterized by directing human intellectual activity to environmentally friendly activities aimed at achieving global goals of sustainable development, has been analyzed. It has been noted that the intellectual economy is the foundation of green growth and the importance of knowledge, skills, theoretical and practical competencies, creativity, which act as a driver of development of green sectors of the economy has been highlighted. It has been determined that there are nine types of human capital, of which the intellectual plays a leading role at the present stage of development of socio-economic processes. In the conditions of building a green economy, capital acquires green features, which is manifested through green intellectual capital, the main components of which are green human capital, green organizational capital and green relational capital. The interaction of green human and green organizational capital forms green relational capital, which is expressed in the form of green jobs, inclusiveness and gender equality. It has been noted that in the long run the development of green intellectual capital leads to the effect of decoupling, which is manifested in the gap between indicators of economic prosperity and environmental degradation. That is why strategies for the development of green intellectual capital should be the basis for the development of countries around the world to achieve global goals of sustainable development in terms of green growth.

scholarly journals Legal regulation of the use of technical means for copyright protection in international law

2018 ◽  
pp. 64-71
Author(s):  
A. N. Kirsanov ◽  
A. A. Popovich
Keyword(s):  
Intellectual Property ◽  
International Law ◽  
Copyright Protection ◽  
Information Technologies ◽  
Rapid Development ◽  
National Level ◽  
Legal Regulation ◽  
General Nature ◽  
Digital Information ◽  
Intellectual Activity

Introduction. The use of technical means for copyright protection is regulated not only in Russian legislation, but also in foreign and international law. It means that the international concept of intellectual property protection could be perceived differently by foreign jurisdictions, which, in turn, is of special scientific interest. The foundations of legal regulation are laid down in international treaties, which in the intellectual property law are tools that contain substantive rules of law. The provisions of such treaties are implemented in the national (supranational) legislation, and, therefore, become part of them and subject to additions.. The article is devoted to the study of international legal regulation of the use of technical means for copyright protection.Materials and methods. The methodological basis of the research consists of the following general scientific and special methods of cognition of legal phenomena and processes: dialectical, formal-legal, comparative-legal, formal-logical, structural-functional.Results of the study. The authors found that attempts to protect copyright using technology available at every stage of history were undertaken by individual countries, beginning from the second half of the 19th century. However technical means of protection received legal regulation at the international level relatively recently, the prerequisite for that was the rapid development of digital information technologies. Analysis of international legal norms in the field of legal regulation of technical means of copyright protection has shown that at present international legal regulation is of a general nature, providing each of the states at the national level with ample opportunities for legal concretization of gen-eral norms. However, recently the Internet treaties of WIPO recognized for the first time not only the advisability of the use of technical means of protection, but also the obligation prohibiting circumvention of such protection technologies, and therefore national legislations should contain provisions regulating the circumvention of such protection technologies.Discussion and Conclusions. The introduction of international law with regard to the use of the protection technologies, despite their general and abstract nature, has given a serious impetus to the establishment of legal regulation of this institution at the national level. At the same time, the rules governing the use of the protection technologies in the near future will require greater unification and concretization due to the rapid development of digital information technologies, blurring the borders between states in terms of disseminating the results of intellectual activity, and also in order to avoid a multiplicity of interpretation of law and to ensure effective legal regulation and protection of copyright.

scholarly journals Intangible Assets and Economic Growth in Nigeria: An Empirical Investigation

2021 ◽  
pp. 74-84
Author(s):  
Okumoko Tubo Pearce ◽  
Cookey Ibeinmo Friday ◽  
Question Emomotimi Mcdonald
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Intellectual Property ◽  
Intellectual Capital ◽  
Significant Relationship ◽  
Service Sector ◽  
Intangible Assets ◽  
Government Expenditure ◽  
Series Data ◽  
The Impact

This work examines the impact of intangible assets on economic growth in Nigeria, using time series data from 1990 to 2019. Relevant theoretical and empirical literatures were reviewed. Government expenditure on research and development, intellectual capital proxied by human capital stock, intellectual property and service sector employment were regressed as independent variables against the real GDP (proxy for economic growth) as the dependent variable. Secondary data were used for this work. The ARDL bound test was adopted in estimating the model. We discovered that government expenditure on R&D, intellectual capital and intellectual property do not have significant relationship with economic growth proxied by RGDP; meanwhile service sector employment had a significant relationship with economic growth in Nigeria. Also, government expenditure on R&D; and service sector employment were rightly signed; while intellectual capital and intellectual property were not rightly signed. This implies that when government increases its expenditure on R&D, it will result to economic growth, so also service sector employment in the long-run. Meanwhile, an increase in intellectual capital and intellectual property will reduce RGDP. We therefore propose that government should upgrade its spending on R&D so as to boost intellectual capital and property. The government should also create employment for the stock of human capital. Finally, government institutions such as producers’ protection agencies should be empowered to protect intellectual properties in Nigeria.

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.

A People-centred Approach to Economic Development (PCED): Brokering Economic Inclusion as a Route Way to Improving Competitiveness

2009 ◽  
Vol 24 (6-7) ◽  
pp. 473-486 ◽  
Author(s):  
Mandy Crawford-Lee ◽  
Phillip Hunter
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Workforce Development ◽  
Global Economy ◽  
Knowledge And Skills ◽  
Industrial Economy ◽  
Know How ◽  
Goods And Services ◽  
The Past ◽  
Local Areas

This paper outlines support for adopting a people-centred approach to economic development that has been taken forward in West Yorkshire — an approach that recognises that prosperity in a global economy is driven by ideas, information and knowledge. This is very different to the industrial economy of the past. It presents both a model for an integrated workforce development system and a framework for improving linkages between human capital and economic development. Indeed, it is understood that it is those local areas with a strong, adequately skilled, human capital base that are best placed to utilise knowledge and to transfer this know-how into cutting-edge techniques for the production of goods and services. As such, investment in people's knowledge and skills is a crucial aspect of achieving sustained economic growth in a networked, knowledge-driven, global economy.

scholarly journals THE ROLE OF THE INTELLECTUAL CAPITAL IN ACHIEVING COMPETITIVE ADVANTAGE: A COMPARATIVE STUDY BETWEEN PRIVATE UNIVERSITIES OF TURKEY AND UAE

2019 ◽  
pp. 1-16
Author(s):  
NIMA ALFARRA NIMA ALFARRA
Keyword(s):  
Human Capital ◽  
Statistical Analysis ◽  
Competitive Advantage ◽  
Intellectual Capital ◽  
Private Universities ◽  
Relational Capital ◽  
Structural Capital ◽  
Years Of Service ◽  
Definition Of

This study aims to examine the reality of intellectual capital in the private universities of Turkey and UAE and the role of intellectual capital in enhancing their competitive advantage. In this regard, the study explores the extent to which each element of intellectual capital influences the competitive advantage of the universities under the study and whether there is a difference between universities in how to manage the intellectual capital that they own. Accordingly, the study first explains the definition of intellectual capital and its elements (human capital, structural capital, relational capital), as well as the definition of the competitive advantage and its dimensions and fields of achievement in the universities under the study. Besides, it also investigates the relationship between the administrative procedures followed by these universities in the management of intellectual capital and in enhancing their competitive advantage from several aspects (innovation, quality, flexibility, development, and quality of service). The study relied on the selection of a simple convenience sampling method of the population of private universities in Turkey and UAE by a descriptive analytical approach, so a survey was made to verify the approaches in the theoretical frameworks of the intellectual capital and its relation to the dependent variables, which is the competitive advantage. The hypotheses were tested based on statistical analysis programs. The statistical analysis points to several important results and implications. Findings of the study reveal that there is a statistically significant relationship between the ability of the private universities in Turkey and UAE to manage their intellectual capital and enhance their competitive advantage, while the management of human capital, structural capital, and relational capital seem to have a similar impact rate on the Turkish and UAE private universities in enhancing their competitive advantage. Findings of the study further indicates that there is no statistically significant difference in the average responses of sample members on the level of the availability of intellectual capital requirements and achievement of competitive advantage in the private universities in Turkey and UAE due to some variables like gender, age, qualifications, years of service, years of service in the current position, job title.

scholarly journals THE NOTION AND INNOVATION FOUNDATIONS OF TECHNICAL AND CRIMINALISTIC SUPPORT FOR INVESTIGATION OF CRIMES

2016 ◽  
Vol 15 ◽  
pp. 96-104
Author(s):  
N. V. Pavliuk
Keyword(s):  
Crime Prevention ◽  
Computer System ◽  
Information Technologies ◽  
Background Information ◽  
Intellectual Activity ◽  
Optimal Organization ◽  
New Information ◽  
Definition Of

The article deals with scientific approaches to understanding the notion of «technical and criminalistic support for investigation of crimes», and offers its own definition of this notion. It focuses on the fact that the introduction of new information technologies in pre-trial investigation practices is a contributor to the improved investigation efficiency and crime prevention. The article suggests developing an automated computer system called «Counteracting corruption» as one of the ways to improve technical and criminalistic supportfor investigation of crimes as well as the introduction of the latest information technologies, it can be used as a means to boost the investigator’s intellectual activity in planning, suggesting investigation versions, choosing the optimal systems of investigation (search) actions. The structure of the abovementioned software includes two blocs: resource bloc and consultation bloc. The former bloc consists of general background information represented with respect to corruption crime categories, the latter can include data on the optimal organization of investigating into such crimes.

Reshaping Human Capital Formation Through Digitalization

2018 ◽  
pp. 52-73 ◽  
Author(s):  
Sulaiman Olusegun Atiku
Keyword(s):  
Human Capital ◽  
Intellectual Capital ◽  
Teaching And Learning ◽  
Information Technologies ◽  
Capital Formation ◽  
Critical Examination ◽  
Intellectual Assets ◽  
Learning Platforms ◽  
Teaching Learning ◽  
Capital Development

This chapter focuses on reshaping intellectual capital formation via electronic-based learning platforms. A critical examination of the literature on human capital development through e-learning was conducted and it was found that digitalization enhances teaching / learning processes and activities, rather than rendering the traditional methods obsolete. The commonly used learning management systems are Blackboard, Class-Front and WebCT. With various virtual learning platforms such as game-based learning, mobile learning, social learning, and virtual world learning, the teaching and learning environments are being extended. The evolution of high levels of sophisticated information technologies across the globe has tremendously improved intellectual capital formation through digital collaboration, and interactions. Therefore, it takes continuous update of intellectual assets through digitized processes to keep abreast of vast innovations and technical know-how.

scholarly journals A Study on the Impacts of Intellectual Capitals on Organizational Performance: The Intellectual Property Office in Korea

2008 ◽  
Vol 22 (2) ◽  
pp. 89-108
Author(s):  
Jeon Byul ◽  
Moon Kwang Min ◽  
Jeong Youn Baek ◽  
Sohn Ho Sung
Keyword(s):  
Human Capital ◽  
Knowledge Management ◽  
Intellectual Property ◽  
Organizational Performance ◽  
Empirical Research ◽  
Intellectual Capital ◽  
Relational Capital ◽  
Structural Capital ◽  
Intellectual Capital Management ◽  
Operational Methods

This study analyzes the impacts of the intellectual capitals of the Korea Intellectual Property Office (KIPO) on organizational performance. In particular, the following have been analyzed: how KIPO's human capital, structural capital, and relational capital affect the activities of the organization's knowledge management; to what degree the levels of knowledge management activities affect the organization's performance; and to what extent the organization's performance varies in accordance with KIPO's intellectual capital levels. This study conducted empirical research and analysis of how the intellectual capitals that KIPO possesses activate knowledge management activities, and which intellectual capitals influence knowledge management and organizational performance. Furthermore, it derived strategic suggestions that can be used for making successful policy on intellectual capital management. The results of the study revealed that in order to enhance organizational performance, KIPO needs to make efforts to promote cognition on the importance of intellectual capitals that it holds, and adopt operational methods to raise the level of relational capitals.

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