INVESTMENT IN HUMAN CAPITAL AS A FACTOR IN INCREASING THE COMPETITIVE ADVANTAGES OF THE ECONOMY
Abstract
Shevchenko D.V. INVESTMENT IN HUMAN CAPITAL AS A FACTOR IN INCREASING THE COMPETITIVE ADVANTAGES OF THE ECONOMY
Purpose. The aim of the article is to research of methodical bases of formation and develop of qualitative characteristics of human capital in Ukraine and influence of investments on this process.
Methodology of research. The theoretical and methodological basis of the study is the fundamental provisions of modern economic theory, scientific works of scientists. The following methods were used in the process of research, in particular: analysis and synthesis – to study the object and subject of research; abstract and logical – for theoretical generalizations and formulation of conclusions; constructive and experimental – to form a solution with the help of analytical software; tabular – for a visual representation of the dynamics of investing in human capital.
Findings. The main problems and prospects of human capital development are substantiated, the properties inherent in this economic category are determined. The reasons for inefficient reproduction of human capital in Ukraine are identified; the lack of an effective market mechanism in terms of human training is established. It is determined that the surplus of previously prestigious specialists can further create conditions for problems with their employment. It was investigated that there are problems with employment of graduates of higher education institutions in specialties related to economic orientation and law.
Originality. According to the results of the study, it is substantiated that human capital plays an important role in ensuring the effective functioning of the country's economic system. This made it possible to analyse and clarify the importance of the qualitative characteristics of human capital and the impact of investment in human capital as a factor in increasing the competitive advantage of the economy.
Practical value. The scientific substantiation of theoretical positions and practical measures on maintenance of the mechanism of the state regulation of reproduction of human capital according to transformational changes which can be used at development of projects of economic and social development of Ukraine is offered.
Key words: investments, human capital, labour productivity, development, efficiency, education, competitive advantages, reproduction.Keywords
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DOI: https://doi.org/10.37332/2309-1533.2021.5-6.7
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