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December 2018 (published: 27.12.2018)
Number 4(35)
Home > Issue > Investment in human capital as a priority
of the neo-industrial economy
Ermoshina T.V.
With the development of civilization increases the role of human capital, which is growing faster than gross domestic product and occupies a dominant position in developed countries. The organic relationship between investment in fixed capital and investment in human capital makes the knowledge economy – the neo-industrial economy-effective. Investment in human capital is an important source of economic growth along with investment in fixed assets. The article analyzes investments in human capital from the point of view of the priority direction of the neo-industrial economy. The subject of this study is investment in human capital.. Objective: to analyze and justify the need to increase investment as a key factor in GDP growth and the formation of the neo-industrial economy. Research methods: the study is based on the correlation analysis of investments in human capital and GDP growth. General scientific research methods were used. In this regard, the article analyzes the dynamics of investment in human capital and GDP growth in Russia, which allows us to consider the development of human capital as the basis of the neo-industrial economy, as a priority area of investment. As a result of the analysis, it was concluded that investment in human capital is associated with GDP growth, in addition, the study showed that there is a close dependence of GDP on investment in education, and on investment in fixed capital aimed at the environment and rational use of natural resources. The author provides a set of economic approaches to the question of the need for human capital development, defines the theoretical and practical basis of the need for investment support of human capital. The practical significance of the work is determined by the possibility of using this study in the investment policy of the neo-industrial economy.
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Keywords: investments, innovations, human capital, neo-industrial economy.
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
UDC 330.14
Investment in human capital as a priority
of the neo-industrial economy
With the development of civilization increases the role of human capital, which is growing faster than gross domestic product and occupies a dominant position in developed countries. The organic relationship between investment in fixed capital and investment in human capital makes the knowledge economy – the neo-industrial economy-effective. Investment in human capital is an important source of economic growth along with investment in fixed assets. The article analyzes investments in human capital from the point of view of the priority direction of the neo-industrial economy. The subject of this study is investment in human capital.. Objective: to analyze and justify the need to increase investment as a key factor in GDP growth and the formation of the neo-industrial economy. Research methods: the study is based on the correlation analysis of investments in human capital and GDP growth. General scientific research methods were used. In this regard, the article analyzes the dynamics of investment in human capital and GDP growth in Russia, which allows us to consider the development of human capital as the basis of the neo-industrial economy, as a priority area of investment. As a result of the analysis, it was concluded that investment in human capital is associated with GDP growth, in addition, the study showed that there is a close dependence of GDP on investment in education, and on investment in fixed capital aimed at the environment and rational use of natural resources. The author provides a set of economic approaches to the question of the need for human capital development, defines the theoretical and practical basis of the need for investment support of human capital. The practical significance of the work is determined by the possibility of using this study in the investment policy of the neo-industrial economy.
Read the full article
Keywords: investments, innovations, human capital, neo-industrial economy.
DOI 10.17586/2310-1172-2018-11-4-3-10