Научная статья на тему 'Human capital quality and its impact on economic growth of Russian regions'

Human capital quality and its impact on economic growth of Russian regions Текст научной статьи по специальности «Экономика и бизнес»

CC BY
24
7
i Надоели баннеры? Вы всегда можете отключить рекламу.
Ключевые слова
human potential / labor factor / cognitive and non-cognitive parameters / HCQ-index / human development index / regional disparity / innovation / economic growth / человеческий потенциал / трудовой фактор / когнитивный и некогнитивный человеческий капитал / HCQ-индекс / индекс человеческого развития / региональные различия / инновации / экономический рост

Аннотация научной статьи по экономике и бизнесу, автор научной работы — Gilbert Mabiala, Dmitriy V. Linskiy, Elmira F. Amirova, Margarita A. Afonasova, Alena V. Bogomolova

Purpose: is to empirically substantiate the impact of human capital quality on the economic growth of the regions of Russia on the basis of theoretical and methodological generalization of its main aspects. Methods: along with traditional methods, specific methods were used, such as content analysis, methods of expert assessments and comparative analysis, and the calculation and graphic technique of Xiang-Yeaple, which allowed to identify the state of human capital quality, as well as establish its optimal structure suitable for dynamic economic development. Results: the cognitive and non-cognitive parameters of human potential are established as a realistic factor in the dynamics of gross regional product that determines the future pace of economic development. A comparative analysis of the labor demand and supply elasticity coefficients has revealed the degree of impact of its quality in ensuring the corresponding trends of economic growth. It was proven that significant investments in human capital and high levels of its development represent only a factor of ensuring economic growth and don’t guarantee its achievement. Recommendations for ensuring the development of labor potential as determinant of economic development, the growth rates of which largely depends on the human capital quality. Conclusions and Relevance: the Russian economy should focus on the formation and development of high-quality human capital through talent-fueled innovation by reforming the existing education system and assessing scientific potential in order to optimize the labor and branch structure suitable for high-quality economic growth. Human capital should be structured considering the parameters of its quality, the level of available labor potential, and the types of activities that require advanced knowledge for systemic economic growth.

i Надоели баннеры? Вы всегда можете отключить рекламу.
iНе можете найти то, что вам нужно? Попробуйте сервис подбора литературы.
i Надоели баннеры? Вы всегда можете отключить рекламу.

Качество человеческого капитала и его влияние на экономический рост регионов России

Цель статьи состоит в эмпирическом обосновании влияния качества человеческого капитала на экономический рост регионов России на основе теоретико-методического обобщения его основных аспектов. Методы. Наряду с традиционными, в процессе работы использованы специфические методы исследования – контент-анализ, методы экспертных оценок, компаративного анализа и расчетно-графический прием Сяна-Йипла, которые позволили выявить состояние показателей качества человеческого капитала, а также установить его оптимальную структуру, подходящую для динамического экономического развития. Результаты работы. Установлены параметры когнитивного и некогнитивного человеческого потенциала как реалистичного фактора динамики валового регионального продукта, определяющего будущие темпы экономического развития. Сравнительный анализ коэффициентов эластичности спроса и предложения рабочей силы позволил выявить степень влияния ее качества на обеспечение соответствующих тенденций экономического роста. Доказано, что значительные инвестиции в человеческий капитал и высокий уровень его развития представляют собой фактор, лишь содействующий экономическому росту, но не гарантирующий его достижения. Даны рекомендации по обеспечению формирования трудового потенциала как фактора развития экономики, темпы роста которой во многом зависит от качества человеческого капитала. Выводы. Российская экономика должна быть ориентирована на формирование и развитие высококачественного человеческого капитала. Достижение этого возможно посредством кадровых инноваций, путем реформирования существующей системы образования и оценки научного потенциала с целью оптимизации трудовой и отраслевой структуры, необходимой для экономического развития. Человеческий капитал должен быть структурирован с учетом его качественных параметров, уровня имеющегося трудового потенциала и видов деятельности, требующих передовых знаний для системного экономического роста.

Текст научной работы на тему «Human capital quality and its impact on economic growth of Russian regions»

Р А З В И Т И Е

ISSN 2079-4665, E-ISSN 2411-796X https://www.mir-nayka.com

Original article

УДК 331.100:330.35

JEL: F16, I21, J11, J24, J41, M54, M59

https://doi.Org/10.18184/2079-4665.2023.14.4.654-679

Human capital quality and its impact on economic growth of Russian regions

Gilbert Mabiala 1, Dmitriy V. Linskiy2, Elmira F. Amirova 3, Margarita A. Afonasova 4, Alena V. Bogomolova 5

2 V. I. Vernadsky Crimean Federal University; Simferopol, Russia

3 Kazan Federal University, Kazan State Agrarian University; Kazan, Russia

4 5 Tomsk State University of Control Systems and Radioelectronics; Tomsk, Russia

1 gilmabiala@mail.ru, https://orcid.org/0000-0002-5310-2399

2 linskydv@rambler.ru, https://orcid.org/0000-0003-1267-4697

3 elmira_amirova@mail.ru, https://orcid.org/0000-0002-1528-5219

4 afonasova@tusur.ru, https://orcid.org/0000-0002-3891-644X

5 bogomolova@tusur.ru, https://orcid.org/0000-0001-7369-6406

Abstract

Purpose: is to empirically substantiate the impact of human capital quality on the economic growth of the regions of Russia on the basis of theoretical and methodological generalization of its main aspects. Methods: along with traditional methods, specific methods were used, such as content analysis, methods of expert assessments and comparative analysis, and the calculation and graphic technique of Xiang-Yeaple, which allowed to identify the state of human capital quality, as well as establish its optimal structure suitable for dynamic economic development.

Results: the cognitive and non-cognitive parameters of human potential are established as a realistic factor in the dynamics of gross regional product that determines the future pace of economic development. A comparative analysis of the labor demand and supply elasticity coefficients has revealed the degree of impact of its quality in ensuring the corresponding trends of economic growth. It was proven that significant investments in human capital and high levels of its development represent only a factor of ensuring economic growth and don't guarantee its achievement. Recommendations for ensuring the development of labor potential as determinant of economic development, the growth rates of which largely depends on the human capital quality. Conclusions and Relevance: the Russian economy should focus on the formation and development of high-quality human capital through talent-fueled innovation by reforming the existing education system and assessing scientific potential in order to optimize the labor and branch structure suitable for high-quality economic growth. Human capital should be structured considering the parameters of its quality, the level of available labor potential, and the types of activities that require advanced knowledge for systemic economic growth.

Keywords: human potential, labor factor, cognitive and non-cognitive parameters, HCQ-index, human development index, regional disparity, innovation, economic growth Conflict of Interest. The authors declare that there is no Conflict of Interest.

For citation: Mabiala G., Linskiy D. V., Amirova E. F., Afonasova M. A., Bogomolova A. V. Human capital quality and its impact on economic growth of Russian regions. MIR (Modernizatsiia. Innovatsii. Razvitie) = MIR (Modernization. Innovation. Research). 2023; 14(4):654-679. (In Eng.)

EDN: https://elibrary.ru/zxzhrg. https://doi.org/10.18184/2079-4665.2023.14A654-679

© Mabiala G., Linskiy D. V., Amirova E. F., Afonasova M. A., Bogomolova A. V., 2023

Контент доступен под лицензией Creative Commons Attribution 4.0 License. The content is available under Creative Commons Attribution 4.0 License.

с

развитие

Научная статья

Качество человеческого капитала и его влияние на экономический рост регионов России

Мабиала жильберт 1, Линский Дмитрий Бикторович 2, Амирова Эльмира фаиловна 3, Афонасова Маргарита Алексеевна 4, Богомолова Алена Владимировна 5

2 Крымский федеральный университет имени В. И. Вернадского, Институт экономики и управления; Симферополь, Россия

3 Казанский (Приволжский) федеральный университет, Казанский государственный аграрный университет; Казань, Россия

4 5 Томский государственный университет систем управления и радиоэлектроники; Томск, Россия

1 gilmabiala@mail.ru, https://orcid.org/0000-0002-5310-2399

2 linskydv@rambler.ru, https://orcid.org/0000-0003-1267-4697

3 elmira_amirova@mail.ru, https://orcid.org/0000-0002-1528-5219

4 afonasova@tusur.ru, https://orcid.org/0000-0002-3891-644X

5 bogomolova@tusur.ru, https://orcid.org/0000-0001-7369-6406

Аннотация

Цель статьи состоит в эмпирическом обосновании влияния качества человеческого капитала на экономический рост регионов России на основе теоретико-методического обобщения его основных аспектов.

Методы. Наряду с традиционными, в процессе работы использованы специфические методы исследования - контент-анализ, методы экспертных оценок, компаративного анализа и расчетно-графический прием Сяна-Йипла, которые позволили выявить состояние показателей качества человеческого капитала, а также установить его оптимальную структуру, подходящую для динамического экономического развития.

Результаты работы. Установлены параметры когнитивного и некогнитивного человеческого потенциала как реалистичного фактора динамики валового регионального продукта, определяющего будущие темпы экономического развития. Сравнительный анализ коэффициентов эластичности спроса и предложения рабочей силы позволил выявить степень влияния ее качества на обеспечение соответствующих тенденций экономического роста. Доказано, что значительные инвестиции в человеческий капитал и высокий уровень его развития представляют собой фактор, лишь содействующий экономическому росту, но не гарантирующий его достижения. Даны рекомендации по обеспечению формирования трудового потенциала как фактора развития экономики, темпы роста которой во многом зависит от качества человеческого капитала.

Выводы. Российская экономика должна быть ориентирована на формирование и развитие высококачественного человеческого капитала. Достижение этого возможно посредством кадровых инноваций, путем реформирования существующей системы образования и оценки научного потенциала с целью оптимизации трудовой и отраслевой структуры, необходимой для экономического развития. Человеческий капитал должен быть структурирован с учетом его качественных параметров, уровня имеющегося трудового потенциала и видов деятельности, требующих передовых знаний для системного экономического роста.

Ключевые слова: человеческий потенциал, трудовой фактор, когнитивный и некогнитивный человеческий капитал, HCQ-индекс, индекс человеческого развития, региональные различия, инновации, экономический рост

Конфликт интересов. Авторы заявляют об отсутствии конфликта интересов.

Для цитирования: Мабиала Ж., Линский Д. В., Амирова Э. Ф., Афонасова М. А., Богомолова А. В. Качество человеческого капитала и его влияние на экономический рост регионов России // МИР (Модернизация. Инновации. Развитие). 2023. Т. 14. № 4. С. 654-679

EDN: https://elibrary.ru/zxzhrg. https://doi.Org/10.18184/2079-4665.2023.14.4.654-679

© Мабиала Ж., Линский Д. В., Амирова Э.Ф., Афонасова М.А., Богомолова А.В., 2023

Introduction

The size of the cross-border flow of production elements such as material capital, human capital, and technology has increased as a result of globalization. Global factor endowment, human capital structure, trade and investment structure, economic reforms, and productivity growth have all been impacted as a result. Russian economic development has shifted from a high-speed to a high-quality mode in recent

years. This transformation necessitates a shift from a factor- and investment-scale-driven economy to an innovation-driven economy. Human talent drives an innovative economy. The new development mode requires Russia to allocate strategic and innovative resources for recruitment, development, upgrading economic growth, and promoting innovation.

Many domestic representatives of the scientific community state, "We should consider innovation as

the first driving force of development, talent as the first resource to support development, and innovation as a key position in the overall development of the country". Talent plays a vital role in scientific and technological innovation, and countries are creating competitive advantages based on talent [1]. Transforming and upgrading a country's industrial structure to ensure high-quality economic development requires high-quality human capital. For future growth and competitiveness, Russia must adopt policies aimed at transforming the "demographic dividend" into a "talent dividend".

The relationship between human capital and economic growth has attracted the attention of the economics research community. Due to the lack of comprehensive indicators to measure human capital, research in related fields is severely limited. In this article, we empirically study the impact of Russian human capital quality (HCQ) on the economic growth of the country and its regions. We rely on the general equilibrium model of Xiang and Yeaple [2] to classify human capital as cognitive or non-cognitive based on job characteristics. Human capital must be multidimensional; the non-cognitive aspect is very important. This classification helps calculate the cognitive and non-cognitive productivity of human capital using macro data at the regional level and microdata of individual workers in countries. In addition, we obtained the regional Human Capital Quality Index (HCQI).

The main points of this article are as follows.

First, despite its interest and importance, progress in human capital research has been hampered by the difficulty of developing indicators that comprehensively measure human capital 1. Moreover, the existing literature treats human capital as a single entity, often measured by years of education. Ignoring non-cognitive abilities and considering only cognitive abilities developed through education fails to capture the connotations of human capital and may lead to biased and distorted estimates of the impact of human capital [3]. Contrary to the position of the existing current literature, we consider cognitive and non-cognitive human capital (CoHC and nCoHC) individually in different regions and new entities of the country, thereby enriching the paradigm and theoretical framework of human capital research.

Second, human capital can provide services as a content factor of trade, and factors of production such as capital and labor have higher mobility within the country than outside the country. Therefore, we calculate the HCQI of an open economy by

considering both domestic and international trade flows. This process results in realistic measures of the quality of human capital in different regions and entities of Russia.

Third, we empirically analyze the impact of human capital quality on economic growth and its regions. The results show that differences in HCQI can help explain differences in economic growth across different regions and entities of Russia. We compare the results for different regions to provide region-specific policy recommendations.

This study examines the impact of the HCQ on economic growth in different regions of the country. The results have implications for public policy and governance. Our model and results can help in developing policies of central and regional institutions to create a human capital structure suitable for quality economic growth in Russia 2. Regional disparities in economic development can also be addressed by improving the HCQ. Our study emphasizes the need to reform the country's education system. It provides recommendations for regional authorities to establish a system of scientific classification and talent assessment, which can contribute to the formation of a human and industrial structure suitable for high-quality growth [3].

To achieve our research objectives, we conducted a corresponding literature review, considered the characteristics of using the empirical general equilibrium model to assess the HCQ in Russia, evaluated its parameters, and identified the main socioeconomic consequences of the HCQ decline in Russia.

Literature Review

We established in previous research that the concept of "human capital" arose as a result of a greater understanding of people's roles and the activities that determine the dynamics and qualitative characteristics of economic growth. The interpretation of the basic concept, around which it is built, has undergone significant transformation during the evolution of this concept [3]. In solving the problem under consideration, C. Xiang and S. Yeaple made a special contribution by offering their research approaches [2].

T.W. Schultz defined human capital as knowledge, skills and health that are built and acquired through investment. Human resource quality is difficult to accurately quantify. Human capital, according to him, can be quantified by looking at activities that can help strengthen various human abilities [4].

1 Mabiala G., Linskiy D.V., Maslich E.A., Bairakova I.V., Romaniuk E.V. The Socio-spatial stratagems of human capital development in the Southern Federal Districts of Russia. MIR (Modernization. Innovation. Research). 2023; 14(2): 294-315. EDN: https://www.elibrary.ru/

mpdoah. https://doi.Org/10.18184/2079-4665.2023.14.2.294-315

2 Ibid.

Several studies use the average duration of education as a proxy for measuring human capital. As human capital theories evolved, several researchers pointed out flaws in evaluating human capital solely by education level while ignoring other non-school-related HCQs. Education level alone can't accurately measure human capital. A variety of factors, such as economic branch structure, may influence the optimal type and level of human capital in different areas and countries [3, 4].

Compared to the traditional theory of human capital, the new approaches to its definition refute the premise of homogeneity among workers, while questioning the hypotheses of labor market equilibrium and full contract in traditional models of human capital. Numerous studies of labor market models have shown that the production skills of cognitive abilities (CoA) and the economic value of non-cognitive abilities (nCoA) should be distinguished in the connotation of human capital [5, 6]. CoA and nCoA have been shown to influence schooling, employment, work experience, occupational choice, and risk-taking behavior. Several papers emphasize the role of non-cognitive abilities in the labor market and consider their influence on some behavioral outcomes to be stronger than cognitive abilities [7, 8].

Recent theories of human capital study the mechanisms of the formation and cultivation of CoA and nCoA. They also examine the impact of different abilities on economic and social behavior and performance. Therefore, new theories of human capital are based on different "abilities", while traditional theories of human capital often emphasize education and health [5, 9].

Previously, those who studied this issue were unable to reach an agreement on how to assess cognitive abilities. Cognitive abilities are classified by psychologists into two types: fluid intelligence and crystallized intelligence. Fluid intelligence is concerned with solving new problems and can be measured by IQ. Crystal intelligence primarily reflects current knowledge and grows with education and age. Non-cognitive abilities, in their opinion, encompass psychological factors such as personality traits, which are difficult to quantify. While psychologists commonly use personality traits to assess cognitive abilities, they use non-cognitive skills or abilities as an umbrella term to express abilities not covered by cognitive abilities [8, 9].

The impact of CoA and nCoA on human capital accumulation and productivity is the focus of this research. We do not separate diverse parts of nCoA such as leadership, communication, and social skills, which are not reflected in tests and will not increase with time. The personal contributions of parents, as well as some social influence, play an important role in the development of a person's non-cognitive talents

[8]. In comparison to classic human capital theory, innovations and methods challenge the premise of worker homogeneity. Bowles et al. questioned the classic human capital model hypotheses of labor market equilibrium and complete contract. They claimed that employees hold "disequilibrium rent" and "incentive-enhancing preferences". These traits contribute to understanding the role of non-cognitive abilities (nCoA) in gaining economic gains. According to the reconstruction of the labor market model, the connotations of human capital should stress CoA-producing skills and the economic value of nCoA [5].

Human capital is undeniably important for economic and social development. Comprehensive human capital metrics, however, are difficult to establish due to the complex and diverse factors affecting human capital and the difficulties in gathering relevant data [10].

Therefore, as in many scientific works on this topic, to assess the degree of quality and development of human capital, we will use such determinants and parameters as years of education, health levels, etc. Scientists suggested a metric based on total human capital development investment. However, such information is uncommon in Russia, with only a few studies employing the investing strategy [8]. Understanding and measuring human capital scientifically, as well as studying its impact on Russian economic development are of practical importance. This study employs a general equilibrium model for CoHC and nCoHC in Russia, using provincial macro-level and individual micro-level data, based on recent advances in human capital theory [9]. Using the model and data, we assessed the productivity of CoHC and nCoHC, as well as HCQI for some regions and districts of the Russian Federation.

Materials and methods

The methodological basis of our research was the use of a parametric apparatus for calculating and evaluating HCQ. The production model proposed by S. Xiang and S. Yeaple was reflected in the calculation of general equilibrium in the labor market, which allows us to establish various categories of human capital [3].

J.J. Heckman, T. Kautz [8] and G. Wang [5] investigated the terms for cognitive and non-cognitive productivities, combining them to define HCQI. The model identifies human capital supply using optimal labor choices and calculates demand based on enterprise production behavior, establishing equilibrium through clearing the global factor market. The execution of a parametric analysis of human capital quality necessitates the systematic application of the algorithm of all the formulas presented below (1-9).

Statistical data sources and parametric calculations. Our research consists of various Russian regions, based on statistical data and parametric models [4, 11-13].

CoHC and nCoHC productivity Education investment primarily focus on exam performance. Education prioritizes cognitive abilities over developing non-cognitive qualities, unlike in developed countries. The average schooling period can indicate cognitive human capital (CoHC) creation in different regions of the country. It should be noted that CoHC is directly proportional to the number of years of education [11, 14]:

jks

Sk = t> —

Vе'

SK * (), h > 0 . (1)

Where: Sk is the average level of CoHC for a group of regions (k), LCks is the total supply of CoHC; Lk is the total labor supply for the corresponding regions k.

Such scores do not accurately reflect the amount of CoHC in different parts of Russia. CoA develops with education, however, non-cognitive qualities such as personality traits are essentially unaffected by education length [12, 15].

The related method analyzes and compares HCQ trends across Russia, addresses the scarcity of micro-survey data, and examines the relationship between HCQ and regional economic growth (REG). Equation 2 permits to establish the dependence of education average term on the resources expended [2, 11, 14].

7-7 W ТГ77 7777 (2)

Where: So specify a base region to which all

y~o Yk

other regions can be compared; -jo and -jr are respectively the per capita income level for a base and corresponding regions; n is the elasticity coefficient of human capital production; P° and Pck are is share of the cognitive employment occupation for a base and given regions; Q is the labor supply elasticity; h° and hck is CoHC productivity, respectively for a base and corresponding regions.

The comparative advantage of CoHC and nCoHC productivity is expressed as follows [2, 10, 11]:

(3)

Where: x° and xck are respectively the net export rate of the type i e (c,n) labor force in the base region and given regions k; a and Q are labor demand and supply elasticity coefficients.

Xiang and Yeaple established, h° = h° =1 as a benchmark region for two types of human capital productivities. Different regions may have different labor supply and demand. The following conditions must be met for the factor market in k regions [2]:

g ¿ff/l-x*

(4)

Were: L kD and L kD are the total demand of CoHC

c n

and nCoHC; LkS and LnkS are the total supply of CoHC and nCoHC respectively.

Migration flows and the costs related to this phenomenon of human movement have a substantial impact on the parameters of the human capital quality of the country and its regions. Therefore, finding solutions to balance the local labor market is one of the most crucial points. To balance the local input (factors) market, it is necessary to achieve the following conditions [12, 13]:

(5)

iНе можете найти то, что вам нужно? Попробуйте сервис подбора литературы.

kEMr

kEXr

Where: Mc and Xc respectively, are regions that import and export cognitive labor; dk is the migration costs for workers moving to another region.

We compute the factor content of trade flows in the same way used by C. Xiang and S. Yeaple [2], D. Ivanov [12], and X. Zhao [15]. The share of CoHC and nCoHC occupations (pk andpk) was determined using the regional intersectoral input-output, and the net export ratio of CoHC and nCoHC for a period from 2018 to 2022. With the given values a and 0, the regional nCoHC productivity hk is calculated [7, 14].

Human Capital Quality Index (HCQI). Per capita output differences can be categorized into HCQ and output total factor productivity (TFP), with cognitive and non-cognitive factors influencing HCQI [4, 9]:

(6)

Where; 0o and 0k are respectively the output TFP of a base and given regions k, which reflects the influence of the human capital factor on the level of total output; Hk is the HCQI for the given region k.

Human capital out-put elasticity coefficient (n). This coefficient (n) represents the proportion of education expenditure to aggregate human capital output. About P3.8 trillion will be allocated from the Russian budget for education in 2022-2024. More than P1.23 trillion will be allocated in 2022, more than

P1.27 trillion in 2023 and P1.31 trillion in 2024 3, with an estimated elasticity coefficient of 0.0046770.004153.

Estimation of labor supply elasticity coefficient (0). This elasticity coefficient (0) measures the degree of dispersion of workers with cognitive and non-cognitive abilities. The expression for the calculation is:

(7)

Where: Sk is the average years of schooling, yk is output per worker in given regions k; n is human capital output elasticity coefficient; pck is the share of cognitive occupation employment; hk is the share of noncognitive occupation employment; C is a fixed value [13].

Estimation of labor demand elasticity coefficient. The labor demand elasticity coefficient reflects the substitution elasticity of workers with different CoA and nCoA. The indices for the net export rate of CoHC (xck) and of nCoHC (xk) are included in the expression for the labor demand elasticity coefficient:

1 +

+

Pia-4)

pK i-*?).

+ ln®k + D ,

(8)

Where: a is the labor demand elasticity coefficient; 0k denotes region k's output TFP; D is a constant parameter.

We assume that the labor force quantity and total factor productivity (TFP) in region k remain constant. The benchmark region can be used as the starting point.

?k = [p№)+P№Y]

10(1-7,)

(9)

Where: 0 is the labor supply elasticity coefficient; hck and hnk are CoHC and nCoHC production.

Equation (9) shows that both CoHC and nCoHC productivity hk impact total output by influencing HCQI. Improvements in CoHC and nCoHC productivity (hnk) can boost regional total output. Better education encourages workers to choose cognitive occupations, resulting in a low proportion of non-cognitive occupations [16, 17]. By increasing

the average number of years of schooling, workers' preferences for cognitive occupations would encourage people to accumulate CoHC.

A similar bias would result in a decrease in nCoHC. This inference is supported by Equations (8) and (9) [18]. It is possible to justify some indicators of human capital quality, the potential of the labor market, the regional differences in the supply and demand of labor, etc.

Results

Human capital is increasingly becoming a factor that enables the effective and sustainable operation of economic entities at the current stage of socioeconomic development. It is human capital that is the basis, and thanks to its presence, economic entities gain the opportunity to function with the fullest return.

Based on this, we can conclude that the organization of a well-functioning human capital is the key to solving a large set of strategic tasks for the economic growth of the country and its regions. It is necessary to accept the formulation of the concept of human capital as a set of qualitative competencies possessed by individuals living in the desired region and implement them in the economic sphere. This definition emphasizes the category of competence or the concept of the need to ensure human capital quality and improve its properties. According to this concept, labor force consumers are guided by a product that best corresponds to the highest level in technical, operational, and quality terms, thereby providing the greatest benefit to organizations [18, 19].

Our research was carried out in the context of the Russian Federation entities, which are listed in Article 65 of its modern Constitution: a total of 89 constituent regions and new entities of Russia, of which 24 are republics, 9 territories, 48 regions, 3 federal cities, 1 autonomous region, and 4 autonomous districts. Data on the population and relative numbers that make up the supply potential in the country's labor market are presented in Table 1.

The data given in Table 1 show that, on average, for 2018-2022, the human capital potential of Russia (PHC) is 57.0%, which is the working-age population of the country. In general, almost all Russian Federal Districts have PHC above the national average. The Chukotka Autonomous District (64.2%), the Republic of Ingushetia (62.4%), and the Magadan Region (61.8%) have the greatest PHC. It must be said that the success of the formation of human capital is determined by a

3 About 3.8 trillion rubles will be allocated from the Russian budget for education in 2022-2024. TASS. https://tass.ru/ekonomika/12549109 (Accessed: 08.08.2023 r.) (In Russ.); Education in numbers. Brief statistical Bulletin. https://issek.hse.ru/mirror/pubs/share/749756927. pdf?ysclid=lm4|dce25i263660993 (Accessed: 10.08.2023) (In Russ.)

The formation of human capital potential by regions of the Russian Federation, on average for 201 8-2022

Формирование потенциального человеческого капитала по субъектам Российской федерации,

в среднем за 201 8-2022 гг.

Subject of lite Ktbhian kllL'nilillll I'opiilHun, lhou*ind puof (o indadin i Potential hum.hi capital. % SubjrtJ ill' LIil" HiiHHi.m Federation Population, thousand ]4"ople illdudillC Pttlenlial human e;ipil;il. %

younger Lilian ublc-hjdieil ahle-kulied younger III л: able-tunned able-bodied

(1) 12) (3) [4) (5) {6} (7) (8) (9) m

HIISMHH FdiTilign UM47,4 271Ы1.1 8.1440.4 57jO Kii»iiiu Kcilrnilitin 146447.4 27160,2 83440,4 57.0

Central F'crirr.il »ktriel 402-UU 6(19 0,4 12901.9 56.4

Ui'fconul region 1514,5 252,8 854,2 56,4 KepuH k of Nonli (jiitl in Л l-.n: ы 680,7 135,9 392,6 57,7

n«^ an^lL region 1152,5 196.9 646.7 56.1 Chechen Reptiblic 1533,2 495.9 879.1 57 J

Vladimir repon 1325.5 215,1 736.1 55.5 Stavropol Teirhory 2891,2 530.7 ш 58.4

Vai№h region эгиз 366,3 1289,2 56,4 V'iil|jj Kedcrjl DLslriel M1J 52SI.6 1Й029,* 55,9

IViJIOYit region 914,7 147,5 509,0 55,6 Republic of lluahliorloslan 4077,6 В 10,6 2296 J8 56J

KalufJ region 1070.9 179,9 610,7 57.0 Republic ofMiri HI 672,3 131.3 370.2 55,1

EnslHHiia region 5? 106,0 301,9 52.S Republic of Moncfrn ia 771,4 112.7 438,1 56.«

Ktmfc region 1067,0 IS),7 588,9 55,2 Republic Of" iarsreUn 4001,6 775,5 2254,5 56,5

LiptMsk region 1126.3 190,9 631.2 56.0 Udmurt Kcpublic 1442.2 293.7 796.3 55 2

Moscow region Я591.7 I5R9.2 5045.7 5Я.7 Churash Rcptilhlic 11Ш 22Я.9 649.7 55,4

Orel region 700J 114,4 38K,2 55.4 iVnn region 2508,4 507,9 1393.8 55j6

Kyiizun region 1088,9 J 72,1 603,0 55.4 kiruv n^iwl 1138.1 195,7 605.9 53,2

Smolensk region 873,0 137,9 4159.7 56.1 Ni/Jiny Novgorod region 3081,8 537.2 1713,9 55.6

Tambov region 966,3 137,0 538.6 55,7 OentwiTi riijiicm 1941,4 356.8 1021,5 55,5

Tvlt region 1211.2 201,2 666,6 55,0 Penra region 1246,6 196,5 691,7 55.5

Tula rv.cn»! 1481,5 216,5 829.2 56.0 Samara region 3142.7 547.2 1773,8 56.4

V jmwlnv I fcjjiwi 1194.6 21M 660.3 55.3 Saratov ^ion 2404.9 388.0 1371,6 57.0

Moscow 131114.2 2073,6 7512,7 57.3 [ j lyjinnYsk region list 1,0 200,1 647,0 54 Jt

Nnrlli-WiMci ii Kftleral District 1.467,3 2167,0 8059,7 58,1 ■ 1"м 1 Federal |}1ч1НеГ 12259,1 2FI3.4 64*7,9 56,6

Rje public of Karelia 527,9 90.7 289.5 54.8 Кидрп region 761^6 150.9 390.4 3U

Konii Kt|nihiic 726^ 136,3 417.5 57.5 Svenllovjilt ntgion 4239,1 837.3 236Я.6 55,9

A rlih an gelslt region 1005,7 192,0 556,1 55.3 Tyumen legion 385U 858,9 2275.5 59.1

NcDeIs AuIoiKiDIdiis dislrirt 41,4 9,3 24,3 58.7 Kltiui[y-M;inbi>sk julll. district Vuunt 1730.4 390,8 1053,1 60,9

A rthan^Llsk region wttbm autonomy 961,3 172,7 531.8 55.1 Yamalo-Nenets aiitli. district 512,4 ПЙ.9 326.7 63 Jt

Volojtda region 1126.7 216.8 621.7 55.1 Tyumen report without autonomous rcjiioni 1608.5 349.2 895.7 55,7

Kaliningrad region 1032.3 1Ш 600.2 58.1 Chelyabinsk reakm 3407,1 666.3 1903,4 55,9

Leningrad region 2023.S 284,7 1222.4 60/4 Siberia it Federal Dkiiitt ЭНМ 9371,2 56J

MannwiHl; region 658,7 125,7 391,6 59,5 Republ ie of Л llay 210,S 57,2 115,9 55.0

Subjccl of Ute Russian Federailon Рорщ laliuii, thouwmd pmc indudin £ Putential human capital. % Subject ol'Uni Russian Federation I'opuljlion. thousand peoptk including Potential human capital, *

younger IlKin gile-bodied нЫе-bodietl younger than able-bodied able- Iwlied

<1) <2> f3) (4) (51 tq (7) (в) m (1С)

Nm gunx! n-ginn 575.9 LOJjO 314,0 54,5 Republic ofTyva 337,3 113,3 18&,2 55,8

Pskot region S87.S 9ifi 322,J 54,9 Republic uf Khakassiii 530,2 11W 294,6 5S,6

Saint l\4trsln>ry 5600,0 145,1 3124.2 59.4 Altai Territory 2130.9 417,9 1142.1 54.S

Snullif! i] F«dtJ-al Oisir-icl 16(42,1 94W,J krasnoyarskiy kfjy 2345.5 S68.I 1642,0 57.7

Republic ofAd; ¡¡lm 498,0 2S3,S 57,0 Ir^uLnk region 2344,4 513,7 ШЭ.1 5fi,0

Repuhlie of Kalmykin 264,5 57.2 143,4 56,1 Kemerovo region - Kuzbass 2568.2 486,7 1447,2 56.4

Kcpvntilic of Crimea 3?S,6 1061.1 ii.i NovosiNrsk region 2794.3 537,1 I5S5.3 56.7

К raMiodarKkiy kray 5ft 19,3 (107,3 321», 1 5M Omsk reniur 1832,1 3S0,ft 1011.5 55,2

Astrakhan nigion 950.6 201,1! 535,3 56,3 '['Omsk rrgion 1052.1 тл 6IU 58,1

Volgograd region 24T0.1 402 2 1430,8 57,9 F'jtr k astern Federal District 7943,9 1607,2 463S2 58.6

Kftstov region 4H>4,S 703,5 23ЯЧ.7 57.4 Republic of Rnfvaiia 974,Л 232/. 1IU 56.6

Stveslopol 55ftJ 94.3 334,3 59,9 Republic (if Sakha {Yakutia) 947,6 23ft.9 595.6 59.7

/apoir/Jiye region X X X X TfW - Haikil Territory 992,4 217,5 580,7 58,5

Donetsk Pteple'i Rjtpuhlit X X X X Kamchatka result 28S.7 56,3 175,0 60,6

l.uhansk People's Republic X X X X Priuiorsty Kraf 1820.1 320,0 1067.7 58.7

К heran го^нпп X X к X Khahanivst inrriKH}' 1234.1 242,1 754.6 5S,8

Norlh Oiiej^u^ H'idcral District W20S.7 24I2A 6041J 59,2 Amur ricgian 756,2 152,0 442,0 58,5

Republic of [ li^iBstin 3209,8 an 1952,1 60,8 M;igadni< jvgiun 134,3 24,7 83.0 61,8

Republic ol'ln^uilicua SI 9,1 N4J6 323,9 «2.4 Sakhalin Region 460.6 8 2.6 269,7 58.6

К м.Ъап!| noltulkarian Republic 903J 532J 5&9 Jewish Autonomous region 147,5 29,9 &4.7 57.4

К ami: h J> -Cherlü."üH Riipublto 46S.4 9S,5 273,1 5S,3 Chuktrtla Autonomous «JiriCricI 47,8 10.6 30.7 64,2

Compiled by the authors based on materials: Population of Russian Federation by sex and age. Federal State Statistics Service. URL: https://rosstat.gov.ru/compendium/document/l3284 (accessed: 20.08.2023) (In Russ.) Составлено авторами no материалам: Численность населения Российской Федерации по полу и возрасту //Федеральная служба государственной статистики. URL: https://rosstat.gov.ru/compendium/document/13284 (дата обращения: 20.08.2023)

large set of factors affecting its quality, systematizing the parameters of supply and demand in the labor market. Therefore, an interesting point is to analyze the state of the labor market by comparatively assessing the number of vacancies and resumes, as well as calculating the hh-index, which reflects the number of resumes compared to the number of vacancies on the market in the selected professional field [18]. The analysis base was chosen based on the availability and access to statistical information (Table 2).

Table 2 shows that the final data set contains 62435 observations of a vacancy shortage in the country as a whole and in nearly all of its regions. There were 404124 vacancies (demand for labor) and 556255 applicants, indicating that the supply of labor (number of applicants) exceeded the number of vacancies in some instances. According to this analysis, the labor supply per applicant exceeds the demand for jobs by coefficients of 1.376 and 1.268, respectively, when assessing the weight of labor supply (applicants) over the number of vacancies and based on the number of applications per vacancy.

There is an absolute surplus of resumes in Moscow - 103,911, but there are 1.95 resumes for every vacancy. The largest number of identified labor shortages was noted in the major cities of the country: Krasnodarskiy kray (-19398 people, or 1.826 resumes per vacancy), Nizhny Novgorod region (-7183 people, or 0.676 resumes per vacancy), Ryazan region (-6671 people, or 0.303 resumes per vacancy), Kirov region (-5598 people, or 0.351 resumes per vacancy), Samara region (-4980 people, or 1.370 resumes per vacancy), Rostov region (-4890 people, or 1.386 resumes per vacancy), etc. Moscow region (-3753 people, or 0.925 resumes per vacancy), Leningrad region (-2319 people, or 0.691 resumes per vacancy). As for the parameters of the vacancy shortage, the same trend is observed in all regions of the country. In almost half of the Russian regions, there is a shortage of personnel.

Based on the hh-index by regions of the country, it is possible to establish the leading regions both in terms of the number of resumes and the number of vacancies in terms of surplus or shortage of personnel. According to Table 2, of the regions considered, only one of them, the Chechen Republic, has a high level of competition among job seekers for jobs (8.0<hh<11.9); 4 regions, the Kaliningrad Region, Moscow city, the Republic of North Ossetia-Alania, and St. Petersburg, have a moderate level of competition for jobs, a healthy ratio between employers and applicants (4.0<hh<7.9). The rest of the studied regions have a shortage of applicants (2.0<hh<3.9).

We must agree that the excess of the number of resumes over the number of vacancies presented in Table 1, both in the country as a whole as well as in its regions, may be the result of subjective factors in the behavior of job seekers and does not reflect the actual state of the labor market. The indicated parameters of deficit and/or surplus do not show the number of unemployed labor forces, which exceeds the number of subjects of the Russian Federation employed in the economy [20, 21].

iНе можете найти то, что вам нужно? Попробуйте сервис подбора литературы.

Using the test results on CoA and schooling average years, we estimate the labor supply elasticity coefficient in Russia. The relevant data are taken from the data of our previous studies, which present the results of the analysis of general trends in the age composition of the population and its active part (from 16 to 65 years old)4 [16]. The database contains pertinent information such as the regions in which the investigated individuals live, education levels, cognitive test scores, and occupation codes. The Russian Family Panel Studies 2018-2022 (RFPS-2018-2022) data was cleaned by removing data points with missing, unknown, or ineffective memory or sequence test scores. The total number of observations in the final data set was 404124 [13]. Gruzina confirmed that Barro and Lee's method, which involves a weighted average of the education level and population proportion of employees in different regions, could also be used to calculate the index. The index S = 1.5 (the illiterate and semi-illiterate population share) +7.5 (the primary education population share) + 10.5 (the junior high school education population share) + 13.5 (the senior high school education population share) + 17 (the population share of those receiving tertiary education or above) and 50.0 (other factor parameters) [16].

The method for calculating the employment shares of cognitive and non-cognitive occupations is now described. Leadership ability can be used to categorize occupations as cognitive or non-cognitive. Other research takes a more nuanced approach, considering dimensions such as leadership, communication, and social skills [11, 16].

We distinguish between cognitive and non-cognitive occupations using a variety of parameters. Relevant information, such as regions where individual interviewees were located and current working status occupation codes, was extracted from the RFPS-2018-2022 database. Individuals with unemployed status, withdrawal from the labor market, inability to judge, and inapplicability are excluded [2, 22].

The least squares regression results for the Russian labor supply elasticity coefficient are shown in Table 3. A

4 Mabiala G., Linskiy D.V., Maslich E.A., Bairakova I.V., Romaniuk E.V. The Socio-spatial stratagems of human capital development in the Southern Federal Districts of Russia. MIR (Modernization. Innovation. Research). 2023; 14(2): 294-315. EDN: https://www.elibrary.ru/ mpdoah. https://doi.org/10.18184/2079-4665.2023.14.2.294-315

01 01 o

CN I

00 o

CN

a ro

¡3 >

o £ o

u £

¡5

J3

£

u

3

az

-a £

u

"5 £

¡3 13 CL

U £

13

IX CL

гм гм

Ш 3

о тз

I

J>N

и а.

I

тз

fs <Ч

о

fN fN

3

CP

о

fNI

о

fN

£ О с a ш a.

a S

с I

I

с о

£ -О

¡В i о о. z а

measure of cognitive capital is regressed on the average level of cognitive employment share in Equation 7. We employ R. Barro and J.-W. Lee's numerous measures of cognitive capital in this manner [23].

The significance of the calculations is presented in Table 3. Column (6) has the best goodness of fit, with R2 « 0.673 and an estimated labor supply elasticity coefficient of 0.538. Using (1 - 1/Q) « 0.538, the labor supply elasticity coefficient in Russia is Q « 2.1645. Our estimate of Q is consistent with previous research.

Hsieh et al. (2013) proposed that innate abilities follow the Frechet distribution. They used a different method to show that Q = 2 and concluded that the real value is (1.5<Q<2.5). Hendricks et al. [17] estimated Q in the (1.78<Q<2.62) and (1.48<Q<2.5) ranges, respectively.

Xiang and Yeaple [2] used data from high-income developed countries and estimated Q = 1.578, concluding that Q was between 1.746 and 3.014. Our estimates in Table 3 for 1.568<Q<2.886. Therefore, we estimate that for regions in Russia, the elasticity coefficient of labor supply is equal to 2. Multiple estimation methods and validity from the literature strengthen our estimate of Q [2]. Based on formula 8, we estimated the coefficient of labor demand elasticity (Table 4).

As a result, the labor demand elasticity coefficient should be calculated using enterprise-related data. To calculate Q, we use employee structure data from listed companies from 2018 to 2022 from the statistical database. Sk was expressed using the average years of schooling obtained by the Barro-Lee calculation method [23].

Table 4 reports the least squares regression results for the Russian labor demand elasticity coefficient settings and trade or migration conditions across regions. The regression model applied relative data from the studied regions of Russia for the period from 2018 to 2022. The findings show that the labor demand elasticity is 1.57 and 1.65 under closed and open economic conditions, respectively. They calculated a = 1.78 using the CES total production function, such as wages and employment, in many countries [10]. The regression coefficient calculated by many authors is around a = 1.68 (with the cross-sectional data from G7 high-income countries) [2, 9].

Regional HCQ and per capita output. Regional differences exist in how education policy is oriented. The orientation of education policy results in differences in CoHC and nCoHC production. A high employment proportion in non-cognitive occupations may indicate comparative advantages in the formation of nCoHC, resulting in high nCoHC productivity. HCQI is calculated using Equations (1) and (2). According

Table 3

Estimated labor supply elasticity coefficient in Russia, on average for 2018-2022

Таблица 3

Расчетный коэффициент эластичности предложения рабочей силы в России, в среднем за 2018-2022 гг.

Parameters Cognitive ability lust score Memory lost sc ort Sequence lost »сип: Average years of schooling, RFPS-201S-2022 Average years of schooling: ßarru & Lcc

(1) <31 (4) Ш ¡61

Шf 0347 0,425 0.346 0.666 0.53S

Conslanl 6.460 1.605 6.450 2.364 2.663

N 30 30 30 30 30

0,546 0.4% 0.546 0.626 0.673

в estimate 1,578 1.774 1.576 2 88<j 2.165

Compiled by the authors based on formula (7) Составлено авторами на основе формулы (7)

Estimated labor demand elasticity in Russia, on average for 2018-2022 Расчетная эластичность спроса на рабочую силу в России, в среднем за 2018-2022 гг.

Table 4 Таблица 4

Parameters Cognitive ability lest score Memory lest score

(1) (2) (3)

In Gjj 1-**) 2.6SI37S542 X

in L Щ0-4)1 pfOSOJ X 2,90606215

Cotislanl 8.256202462 8,299414891

N 372 372

R: 0.124064882 109.3453195

Compiled by the authors based on formula (8) Составлено авторами на основе формулы (8)

to the HCQI expressions, per capita output consists of HCQ and output TFP. The human capital output elasticity coefficient impacts how HCQI and output TFP contribute to per capita output [8, 9]. We calculate the impact of provincial HCQ and output TFP on Russian per capita output using relative data from all studied regions from 2018 to 2022 (Table 5-7).

We report the relevant parameters for Russia. The table's first column shows the average GDP per capita of various regions from 2018 to 2022. The GDP of 18 regions of the Central Federal District, 10 regions of the North-western District, 8 regions of the Southern Federal District, 6 regions of the North Caucasus Federal District, 14 regions of the Volga Federal District, 4 regions of the Urals Federal District, 8 regions of the Siberian Federal District, and 9 regions and territories of the Far East Federal District is P823527.433, P777399.917, P394682.200, P228252.900, P459497.733, P1018359.083, P513127.183, and P695661.813 respectively.

Tyumen's regional per capita GDP is higher than other Russian regions; it is higher than Moscow's and St. Petersburg's GDP (Table 5-7).

The relative per capita output index in Russia reveals a significant income disparity between regions. Is the income disparity in Russia explained by the HCQ and output TFP. Columns (4) and (6) show the contribution rates of HCQ and output TFP, respectively. We elaborate on the values of Belgorod Oblast Province. Belgorod Oblast Province has a lower per capita output than Tyumen. This disparity is caused by two factors. First, Belgorod Oblast Province's overall HCQ (Column 4) is only 69.6% that of Tyumen Oblast. Second, Belgorod Oblast Province's TFP is 40.6% of Tyumen Oblast's per capita output. The two effects combine to produce the Belgorod region's output per capita of 0.283= (0.696x0.406), which is 28.3% of the Tyumen region's level.

Human capital Quality and the total output in the Central, North-Western and Southern Federal districts of Russia, in 201 8-2022

Качество человеческого капитала и совокупный выпуск в Центральном, Северо-Западном и Южном Федеральном округах России в 201 8-2022 гг.

Districts t regions The average value of GDP per capita Output per capita Average J JCQI The contribution rate ot HCQ1 Average of relative output TFP The contribution rale ot output TFP

0) i2) (3) (4) <51 t6) (7)

GDP by entities of the Russian Federation, Total 630975.467 0.284 0.735 0.698 0.424 0.407

Central Federal District 823527.433 0.371 0.959 0.911 0.553 0.531

Belgorod region 628998.500 0.283 0.733 0,69(j 0.423 0.406

Bryansk region 320819.700 0.144 0.374 0,355 0216 0.207

Voronezh region 428839,933 0.193 0.500 0.474 0.288 0.276

Ivanovo region 245326,183 0.110 0.286 0.271 0.165 0.158

Kaluga region 520794.517 0.234 0.607 0,576 0.350 0.336

Kostroma region 311495.400 0.140 0.363 0,344 0.209 0.201

Kursk region 442791.717 0.199 0.516 0.490 0 297 0.285

Lipetsk region 535140,333 0.241 0.623 0.592 0.359 0.345

Moscow region 670870.700 0.302 0.78 J 0.742 0.451 0.433

Ore! region 360014.000 0.162 0.419 0,398 0.242 0.232

iНе можете найти то, что вам нужно? Попробуйте сервис подбора литературы.

Tula region 460831.650 0.207 0.537 0.510 0310 0.297

Moscow 1524669.767 0,686 1.776 1.686 1.024 0.983

North-Western Federal District 777399.917 0,350 0.9« Ь 0.860 0.522 0.501

Republic of Karelia 516166.100 0.232 0.601 0,571 0.347 0.333

Komi Republic 818558.283 0.369 0.954 0,905 0.550 0.528

Arkhangelsk region 738305.300 0,332 0.860 0.816 0 496 0.476

Vologda region 563450,367 0,254 0.656 0.623 0.379 0.363

Kaliningrad region 514646,683 0.232 0.599 0,569 0.346 0.332

Leningrad region 635058.383 0.286 0.740 0,702 0.427 0.409

St. Petersburg 1030494.850 0,464 1.200 1.140 0 692 0.664

Districts I regions The average value of GDP per capita Output per capita Average HCQI The contribution rate of HCQI Average of relative output Tf-'P Tbc contribution rate of output TFP

(1) (2) (3) (4) (5) (6) (7)

Southern Federal District 394682.200 0.178 0.460 0.436 0.26S 0.254

Republic of Adygea 281779.850 0.127 0.328 0.312 0.189 0.182

Republic of Kalmykia 316776.650 0.143 0.369 0.350 0.213 0.204

Republic of Crimea 241425.867 0.109 0.281 0.267 0.162 0.156

Krasnodarskv krav 462156.417 0.208 0,538 0.511 0.310 0.298

Astrakhan region 525018.067 0.236 0,612 0,581 0.353 0.338

Volgograd region 372754.667 0.168 0,434 0,412 0.250 0.240

Rostov region 386054.317 0.174 0,450 0.427 0.259 0.249

Sevastopol 275087.700 0.124 0.321 0.305 0.185 0.178

North Caucasus Federal District 228252.900 0.103 0.266 0.252 0.153 0.147

Republic of Dagestan 226656.700 0.102 0.264 0.251 0.152 0.146

Kabardino-Balkarian Republic 196233.433 0.088 0.229 0.217 0.132 0.127

Karachay-Cherkess Republic 194345.317 0.087 0.226 0.215 0.131 0.125

Republic of North Ossetia-Alania 243043.650 0.109 0.283 0.269 0.163 0.157

Chechen Republic 160240.850 0.072 0,187 0,177 0J0S 0.103

Stavropolsky kruy 293914.350 0.132 0,342 0,325 0.197 0.189

Compiled by the authors based on materials: National Accounts of Russia. Bulletins 2018-2022. Federal State Statistics Service. URL: https://rosstat.gov.ru/folder/210/document/13221 (accessed: 20.08.2023) (In Russ.) Составлено авторами no материалам: Национальные счета России. Сборники 2018-2022 гг. //Федеральная служба государственной статистики. URL: https://rosstat.gov.rU/folder/210/document/13221 (дата обращения: 20.08.2023 г.)

Human capital Quality and the total output indicators in the North Caucasus, Volga and Ural Federal Districts of Russia, in 201 8-2022

Качество человеческого капитала и показатели совокупного выпуска в Северокавказском, Приволжском и Уральском Федеральном округах России в 201 8-2022 гг.

Districts/ regions The average value of GDP per capita Output per capita Average 1 IC'0[ The contribution rate of H®| Average of relative output TFP The contribution rate of output TFP

m (2) 13) (41 (5) 16)

North Cmcmui Federal District 228252.900 n.103 0,266 0.25Z 0.153 0.147

Republic of Dagestan 226656.700 0.102 0,264 0.251 0.152 0.146

Kabardino-Balkarian Republic 196233.433 0.088 0.229 0.217 0.132 0 127

Karcichav-Cherkess Republic 194345.317 0.087 0,226 0.215 0.131 0.125

Republic of North Ossetia-Alania 243043.650 0.109 0.283 0.269 0.163 0.157

Chechen Republic 160240.850 0.072 0.187 0.177 0.108 0 103

Stavrooolskv krav 293914.350 0.132 0,342 0.325 0.107 0.189

Volga federal District 459497.733 0 207 0.535 S3 508 0.309 0.296

Republic of Bashkortostan 418300.350 0.188 0,487 0.463 0.281 0.270

Republic of Mari El 285626.650 0.129 0.333 0.316 0.192 0.184

Republic of Mordovia 321024.817 0.145 0.375 0.356 0.216 0.208

Republic of Tatars!an 678204.400 0.305 0,790 0.750 0.456 0.437

Udmurt Republic 453354.050 0.204 0,528 0.501 0.305 0.292

Chuvash Republic 269781.683 0.121 0.314 0.298 0.181 0.174

Perm Territory 540137.667 0.243 0.629 0.597 0.363 0.348

Kirov region 295355.083 0 133 0.344 0.327 0.198 0.190

Nizhfly Novgorod region 481895.233 0.217 0,561 0.533 0.324 0.311

Orenburg region 534756.717 0.24J 0.623 0.591 0.359 0.345

Penza region 332036.517 0.149 0.387 0.367 0.223 0.214

Sauiani region 518073.300 0.233 0,603 0.573 0.348 0.334

Saratov region 334077.133 0.150 0,389 0-369 0.224 0.2! 5

Ulyanovsk region 336382.100 0.151 0.392 0.372 0.226 0.217

Urals Federal District Ш18359,083 0.458 1.186 1.126 0.684 0.657

Di st tie Is / regions The average value of ÜDP per capita Output per capita Average HCQI The contribution rale of HCQJ Average of relative output TFP The contribution rale of output TFP

(!) (2) 0) (4) (5) 16) (7)

Kurgan region 274467.417 0.124 0.320 0.304 0.184 0.177

Sverdlovsk region 575471.717 0.259 0,670 0.636 0.387 0.37!

Tyumen region 2221130.917 L000 2.5B7 2,-156 [,492 L432

Chelyabinsk region 454569.133 0.205 0.530 0.503 0.305 0.293

Compiled by the authors based on materials: National Accounts of Russia. Bulletins 2018-2022. Federal State Statistics Service. URL: https://rosstat.gov.rU/folder/210/document/13221 (accessed: 20.08.2023) (In Russ.) Составлено авторами no материалам: Национальные счета России. Сборники 2018-2022 гг. // Федеральная служба государственной статистики. URL: https://rosstat.gov.ru/folder/210/document/13221 (дата обращения: 20.08.2023 г.)

Human capital Quality and the total output indicators in the Siberian and Far Eastern federal districts of Russia, in 201 8-2022

Таблица 7

Качество человеческого капитала и показатели совокупного выпуска в Сибирском и Дальневосточном федеральном округах России, 201 8-2022 гг.

Districts / regions The average value of GDP per capila Output per capita Average 1ICQI The contribution rate of HCQI Average of relative output TFP The contribution rate of output TFP

(1) (2) (3) (4) (5) (6) (7)

Siberian Federal District 513127.183 0.231 0,5 5Ж 0.567 0.345 0.331

Altai Republic 259481.283 0.117 0.302 0,287 0 174 0.167

Republic of Tyva 229226.667 0.103 0.267 0.253 0.154 0.148

Republic of Khakassia 467026.467 0.210 0.544 0,516 0,314 0.301

Altai Territory 271984.433 0.122 0.317 0.301 0.183 0.175

Krasnoyarsky kray 852376.183 0.384 0.993 0.943 0.573 0.550

Irkutsk region 615244.183 0.277 0.717 0.680 0.413 0.397

Omsk region 387407.333 0.174 0.451 0.428 0,260 0.250

Tomsk region 552320.950 0.249 0-643 0-611 0.371 0.356

Far Eastern Federal District 695661.N33 0.313 0.N 11) 0.769 0,467 0.448

о О

1

_ a-

i H

'S ■-» « ■-а с тГ 5 о

1 a 1- ¿IT -— о 1-1 IT. о

Ö Ö ö го о d о d d

S б

Î О

u

F

a с S

й, с 9 « О <ч г^ чС i

Oij w t—. Ï£Ë gj ^ Г4 «■ о* О W ■J'I

4D Ö f4 О Г-1 о о т О S о П ГЧ d

< 1

4)

h

S

о _

1 R

M s ■о fj О' » X <N

iНе можете найти то, что вам нужно? Попробуйте сервис подбора литературы.

la MU о fH » г r-i э n —

h «g V\ с ■se Vi T

о c 4) Ë о — О о d d r-i d

5

и

X ГЧ Vi PI чг ■ч- \D fl ТГ

■—- fi ой о о чО vC m

ob ■Л г- -T

2 Ö —' d о d d IN d

и

>

<

Я

'S.

eu u 1

trt Vi sO ^ (Ч Э; (N oû

& CN T-г G" VC

m — — r-i i^f ■o C-

цз О ö ö Ö о d О d d

t.

В

С

Си

Ö

% 2 1 & Cil о 1П г- r^, О о IJ-L r— о и-, о ОС ■i * Ts Vi m X QC «

S ь •4 г » _î fi Vi d -T

□Л у 2 il g (X s О r«, ■U W rt г— « г- Г-1 о о kn Tiro Р <j*> 1Л s ■j; î oc Tf f4 vC & fM r- ГЛ

i

■гг Ç

С

л в 'зь ï3 ъ IS > tii Ci (2

s 3 1 s с с с = < 1

» Z 'й Й а 1 Republic of В игу s (Л £ =1 & OL â ъ 1 •jTj 1 1 Primorsky Kray i » > В 1 ■JL h Ел s 1-f £ < | Magadan region R S f kd

<ч о <ч

s

с

Ö

35

Е

О

а

сс о

си VO

а: с I

1 §

■si IB £ © S3

гч

Й § (~\| о i-s ^

О "

3

2 iE s> ^

<N с s

vo

3 о

£ л

ос = U 'О

0> 'о

■s

Ä о;, N

3

<N I

00 5

<4 to С

3

ce

с

s

с о ■о

си

to

с -о

to

з с и

■с £

■о

си

з —

KJ (~\| О го

С с Е g си с

» 3

и и си „О

S ^ § §

§

ï 5

is

is

S S

с ^

S jais ?

а s

с =

СО 3

° Е

0 о

1 3

Й Е

1 с

2 Е Е ^

iНе можете найти то, что вам нужно? Попробуйте сервис подбора литературы.

CJ >3

о о О I

The calculation formulas for the contribution rate of HCQ and the contribution rate of output TFP are l

(W

i

and

0*41-4

r)

, respectively [4].

And, the findings show that the contribution rate of HCQ is higher than the output TFP in all Russian regions.

Thus, HCQ has a significant impact on per capita output, economic growth, and regional income disparities. Compared to the Central and Northwestern regions, the share of TFP output is higher in the Ural federal region. The Tyumen region has higher per capita production than the other two regions. The share of HCQ in output per capita is also higher than the TFP. Now we look at how changes in CoHC and nCoHC productivity, as well as HCQI, affect per capita output growth. We investigate how changes in CoHC and nCoHC productivity affect average years of schooling and total output in a region to draw conclusions that could aid government policymaking. Many authors stated that the ratio of the subsequent equilibrium state to the initial equilibrium state can be used to express the change in human capital productivity, i.e.,

tk hi'

hi — , where k and k' represent the

prior and subsequent equilibrium states, respectively [6].

We will investigate the impact (/¿t

filc) of

changes in the productivity of CoHC and nCoHC, as well as the trend of the human capital quality index, on the increase in total output (GDP production) per capita. Our research contributes to a better understanding of CoA and nCoA, as well as HCQI in Russia, which could help guide education investment policy in Russia and its regions.

It is demonstrated that indicators of human capital quality have improved in several territories, with HCQI indices approaching 1.000 (that is, closer to the leading region - Tyumen) - the Central Federal District (0.959 and 0.911), the Northwestern Federal District (0.906 and 0.860) (Table 5), and the Far Eastern Federal District (0.810 and 0.769) (Table 6). However, despite increasing educational expenditure in these places, improved human capital

metrics do not contribute to higher economic growth because all graduation rates are less than 1.000 (Tables 5-7).

The reason could be a disproportionate emphasis on CoA. A balanced focus on CoHC and nCoHC development based on economic sectors' needs and demand may be most beneficial in driving the region's economic growth. It is necessary to implement a calculation using the parameters of the empirical model (10). Scholars have widely used Barro and Sala-i-Martin's economic growth model to understand the relationship between human capital and REG [24, 25].

lin(ykt) - ln(ykt-!) = I,

_ ffic kt

Ikt = «1 Un(yk

a2ln{HCQlkt) + fik + fit 4- Ekt,

+ axXkt 4-(10)

Where: ykt is the per capita output of region k in period t; lin(ykt) - ln(y(kt 1)) is per capita output change from period (t-1) to (t); HCQI is the core variable under investigation; Xkt is a set of control variables. jk and jiare fixed effects controlling for regions and years, respectively; £kt is a random perturbation term [16].

However, the sample size for cross-sectional regression estimation is frequently insufficient and may result in bias due to variable omissions. In recent years, research has successfully used panel data to estimate growth models to overcome such issues. The method, first proposed by Wang X. et al., has gained popularity. We estimate the equation using the two-step GMM system, as described in many studies [3, 14].

Variable selection and data description. In this paper, the primary response variable of interest is the growth rate of output per capita, which we use in the

logarithmic form, lin(ykt ) - ln(y[kt_]] ). The HCQI is the main explanatory variable, and it is calculated using data from studied regions. Estimated HCQI values are reflected in Table 8.

The factors are specified in the above model. The investment rate (Investkt) is the share of GDP in gross fixed capital formation. The proportion of total imports and exports to GDP is used to calculate the degree of economic openness (Openkt). The trade unit is around P934.000. Before calculating the ratios, USD figures are converted to RMB using the current exchange rate. The labor force participation rate (Laborkt ) is defined as the proportion of employers to the total population. Technical innovation level, patent applications per million people (Techkt ).

The panel data for the studied Russian regions ranges from 2018 to 2022, and Table 8 summarizes the statistics for various variables. Economic growth is a dynamic process, with changes in growth influenced by growth levels from previous periods. Equation (10) includes autoregressive terms to account for this. We employ a dynamic panel data model. For calculation, the GMM system is used, and the estimated results are represented in Table 9. The system's GMM estimation results are consistent and correct.

Table 9 contains columns that report regression results with a different set of control variables. Column (1) considers a model with HCQI as the sole explanatory variable. At a 1% level of confidence, the HCQI coefficient is positive and significant. Additional control variables are added to the models in Columns (2-4). In all models, the HCQI coefficient is positive and significant, indicating that HCQ promotes growth in Russian regions. According to the regression results in Column (4), improvements in HCQI, employment rate, and economic openness all

Indicators for assessing the impact of human capital on economic growth, in 2018-2022 Показатели оценки влияния человеческого капитала на экономический рост в 2018-2022 гг.

Table 8

Таблица 8

Variable üescription Observation, S Mean StJ Mirt Max

(1) (2) {3) (4) (5) (6) <7>

Ун per eapila ODP 89 573028,74 3W844.59 1150309 16«! 6^4,70

HCQI ! iuinan capital qualiiy index 89 0.373 0.104 0.237 !,276

h( CoHK produetivity 89 0.362 0,027 0.233 0.412

К nt'oHK produetivity 89 0.355 0.45« 0.016 4.068

(fenf^) Investment raic 89 0,253 0.0790 0.132 0.611

Etnploymeül rate 89 0.239 0,026 0.166 0.316

(OpiFIfjJ Lconomio openntss 89 0.146 0.142 0.007 0.742

(ГяАд J Technical Innovation level 89 2.020 2.274 0.004 13.719

Compiled by the authors based on formula (10) Составлено авторами на основе формулы (10)

Table 9

The impact of various human capital parameters on economic growth, in 2018-2022

Таблица 9

Влияние различных видов параметров человеческого капитала на экономический рост в 2018-2022 гг.

[isplanalury variables Explained variable: in(yt£ -

Oiie-slep system GMM Twu-slep sYKlem GMM

(П (2) (3) (4) (5)

(л СУП-i) -0.039 -0.029 -0.039

-2.SI -2.367 -5.92 -5.109

ltihr 0.022 0.04 0.02 0.036

0.308 0.257 0,869 [>.656

in Art 0.01S 0.016 0.018 0,016

2.90R 2.486 7.970 5.975

(fiCinvejffcj) X 0.004 0.000 0.003

X 0.142 0.000 0.277

iítOúínjtfct) X -0,007 0.000 -0.011

X -0.119 0.000 -0.419

inCOjjCTiti) X 0.006 0.000 0.006

X 0.775 0.000 2.122

X 0.002 0.000 0.002

X 0.261 0.000 0.778

Cunstanl 0.353 0.4Í.9 0.361 0.466

Щ ¿738 7.081 S.987

AR(1) test value -0.S44 -0.S65 -0.У88 -0.905

p -value 0.012 0.014 0.011 0014

AR(2) tesl value 0,538 0.706 0,59 0.727

t? -value 0.109 0.098 0.094 0.073

Hansen tcsl value 12.001 12032 12,001 12.032

p -value 0.392 0.386 0.392 0.3S6

N 89 89 89 89

Compiled by the authors based on formula (10) and data from Table 8. Составлено авторами на основе формулы (10) и данных таблицы 8.

contribute to economic growth. The coefficients for fixed capital investment and level of innovation are positive but not statistically significant.

The Russian per capita output growth rate increases by 0.19%-0.22% for every 1% increase in the HCQI. Similarly, a 1% increase in economic openness increases the rate of per capita output growth by 0.02%. The increase in employment rates raises the per capita growth rate by 0.05%-0.06%, which is significant at the 10% confidence level. The outcomes are comparable to those of the one-step GMM system. The estimated coefficients, on the other hand, have a higher level of significance. The estimated coefficients of HCQ, employment rate and economic openness are significant at the 1% confidence level. If the HCQI rises by 1%, per capita output rises by 0.176 percentage points. A 1% increase in the employment rate boosts economic growth by 0.047 percentage points. A one-point increase in economic openness raises per capita output by 0.019 percentage points.

Many studies indicate the importance of the HCQI per capita coefficient in ensuring the economic growth of the country and its regions. For initial per capita output, both the one-step and the two-step GMM systems produce negative and significant coefficients. This suggests that different Russian regions have experienced rapid conditional convergence in economic growth over the last decade [26].

According to the regression results, the estimated coefficients of prior per capita GDP range between 7.0 and 9.7%. In all models, the HCQI coefficient is positive and highly significant. This highlights the significance of HCQI in promoting economic growth. A section of the literature restricts human capital to cognitive capital only, which is frequently measured by school years. We can say that for every year increase in average years of schooling, the average annual economic growth rate increases by 1.4-1.7%, and the convergence rate of economic growth is between 6.9-7.5%. Our metric for human capital, both CoHC

and nCoHC are included in HCQI. Then, it's good to demonstrate that increasing the level of human capital structure by 1% increases the economic growth rate by 0.16-0.34%. Increasing the quality level of human capital by 1% increases the economic growth rate by only 0.18-0.20%. Human capital is diverse, and different types of human capital may have varying effects on economic growth.

The calculated and tabular justifications carried out in this way made it possible to construct a model of the influence of various types of human capital on economic growth (Table 9). The model contains no second-order autocorrelation because the p-value for AR(2) is insignificant. The AR(1) p-value is significant. Hansen's test also indicates that the instrument variables chosen are valid. The tests show that the system GMM model is accurate and consistent in its estimation. Columns (1) and (2) in Table 8 show the estimation result of a one-step system GMM, while Columns (3) and (4) show the estimation result of a two-step system GMM [27].

The table clearly shows that nCoHC productivity coefficients are positive and significant at 1% in all four columns. The CoHC productivity coefficient is positive in all four columns, but only in the two-step GMM is it significant. When nCoHC productivity rises by 1%, the rate of per capita output growth rises by 0.04-0.05%. When control variables are included, the cognitive human capita productivity coefficient rises from 0.05 to 0.09%, in columns (3) and (4).

Our findings suggest that both CoHC and nCoHC productivity promote economic growth. When the coefficients are considered, CoHC has a larger effect on economic growth in terms of magnitude. Various regions could expand based on their cognitive and non-cognitive human productivity levels. In Column 4, the coefficients of economic openness and technological innovation are both positive and significant.

A negative and significant coefficient of the AR(1) variable in Figure 1 indicates economic growth convergence. The regional differences in economic sectors focus, government intervention, and economic development levels exist within Russia. The influence of explanatory and control variables may differ across regions. Furthermore, any policy recommendation made by the government must be based on a regional analysis. For the analysis of the impact of HCQ on REG the federal sample was subdivided into 8 major regions. This study examined the impact of HCQ on economic growth in Russia's Eastern, Central and Western districts.

Table 7 and Figure 1 show the extent to which HCQ influences the rate of per capita output growth in different regions. The effect of three regional factors

on economic growth: human capital, labor force, and technological innovation. Improving regional HCQ in the Central, Far Eastern, and Southern Federal Districts has a significant economic impact. The extrapolation of the mentioned results explains the extent to which HCQ influences the per capita output growth rate in different regions. Improving the HCQ in the Central and Far Eastern Federal Districts has a significant impact on economic growth.

The rate of per capita output growth in the Far Eastern and Southern Federal Districts and regions of the Northwestern Federal Districts is significantly influenced by CoHC. When the productivity of CoHC increases by 1% in the western region, the economic growth rate increases by 0.1266%. The CoHC coefficient, on the other hand, is not significant in the Central Federal District. Only in the Central Federal District is the nCoHC coefficient significant. When nCoHC productivity rises by 1%, the Central Federal District's per capita output growth rate rises by 0.0153%. In the Far Eastern Federal District, the investment coefficients, CoHC, employment rate and level of technical innovation have the greatest impact on per capita output. The most important factor influencing economic growth in the Western region is CoHC, followed by an increased investment rate [28].

Despite controlling for a variety of economic variables, our general findings on the impact of CoHC and nCoHC are consistent across the three Russian regions. Against the background of all this, one of the most important conclusions follows that the parameter human capital quality acts as a factor determinant of economic growth in Russia as a whole and its regions in particular (Fig. 1).

Figure 1 systematically reflects the direct dependence of the economic growth of Russia and its regions on the dynamic trend in human capital quality. The disparity in economic growth across the country can be explained by the different levels and disproportionality of human capital. The 6th-degree polynomial equation clearly shows this relationship (y = 0.0035x6 - 0.0877x5 + 0.837x4 - 3.837x3 + 8.7784x2 - 9.6057x + 4.873) with a reliable Fit Ratio (R2 = 0.9721) (high dependency).

The disparity in the magnitude and significance levels of variables may be attributed to the regions' vastly different sectorial, economic and social structures. Russia has an uneven spatial distribution of industries and uneven regional development after more than a decade of rapid economic growth. The levels of economic development in the Central Federal District and the Northwestern Federal District differ significantly. The region generates more than 65% of the national GDP. These factors could explain the high impact and significance of the investment rate and CoHC coefficients [27, 28].

Compiled by the authors based on Table 5.

Fig. 1. Factor trend of dependence of economic growth on human capital quality index Составлено авторами на основе таблицы 5.

Рис. 1. Факторный тренд зависимости экономического роста от индекса качества человеческого капитала

From an economic point of view, the Central, Northwestern and Far Eastern Federal Districts create prerequisites for the development of the human capital of the country and its regions. The region's economic development is constrained by a lack of access to natural resources and rural poverty problems. This explains why the CoHC coefficient for most regions is insignificant. Many regions do not have the same quality of human capital, and sectoral and economic advantages as the advanced regions of the country. The CoHC coefficient has the greatest impact on per capita growth in many regions.

It should be noted that additional research is needed on a few of issues covered in the context of the challenges we have researched. As the foundation for managing the risk of labor productivity decline in the country, the objectives should be the development of a system of criteria and indicators of human capital quality, the management of cognitive and non-cognitive parameters of human potential, and the assessment of its optimal structure. First Simultaneously, it will be critical to determine how

variables that restrict labor market disproportions operate, encouraging creative approaches to the creation and evaluation of the effects of human capital quality on the overall trend of economic development of the country and its regions.

Conclusions and Relevance

Human capital in Russia has switched to the mode of qualitative development. At the same time, the economy of the country and its regions is driven by innovations supported by human talent. To develop talents, modernize the structure of economic sectors and create a new impetus for economic growth, the new development regime requires a strategic allocation of resources, which gave rise to a study of the relationship between human capital and the economic growth of Russia and its regions.

iНе можете найти то, что вам нужно? Попробуйте сервис подбора литературы.

Based on the results of the study, the approach to calculating human capital has been refined, based on years of education, and includes both cognitive and non-cognitive components, measuring CoHC and a realistic HCQI indicator based on a weighted value of cognitive and non-cognitive productivity.

Disproportionate investments in the development of cognitive abilities lead to a proportional return on production per capita.

In Russia, significant regional differences in HCQ are observed in many investigated Russian regions and new entities. This is primarily reflected in sparsely populated (in terms of population density) regions of Russia - Chukotka Autonomous region (0.07 persons/km), Nenets Autonomous region (0.25 persons/km) and Magadan region (0.30 persons/ km), etc.

In Russia, CoHC productivity has a greater impact on output per capita than nCoHC productivity. The coordinated development of CoHC and nCoHC determines the future pace of economic development. The disparity in human capital productivity in 89 Russian regions and news entities cannot be explained solely by the average number of years of education. Regions with more training time may not have higher CoHC abilities. In many regions, the HCQI level is higher than that measured by the average education. This is because the average schooling and academic periods reflect only CoHC, while HCQI reflects the quality of human capital from both cognitive and non-cognitive points of view. It also demonstrates the importance of cultivating nCoHC to improve the quality of life in various Russian provinces and cities.

The Russian educational system is primarily engaged in the development and research of CoA. While

academic performance reflects students' cognitive abilities, many important nCoHC are overlooked. Rethink the country's education system and talent selection methods, as well as create a comprehensive assessment system to promote the accumulation of nCoHC. Local authorities should prioritize personal development and the cultivation of CoA and nCoA. At the same time, investments in non-cognitive skills should be rewarded with better non-cognitive activities.

This limits the scope of this study to analysis at the provincial level. The availability of data at the city level can expand and enrich the model and empirical analysis. Education policy should improve exam results, the number of graduates and the average length of schooling, considering whether the supply of human capital corresponds to the demand in the economic structure. By leveraging different types of human capital parameters, this initiative could help meet economic development needs while reducing inconsistency and improving the efficiency of human capital distribution across the country. The sectoral structure of the economy has been transformed from traditional to modern with an emphasis on the development of high-tech sectors with high added value. Economic development requires both CoHC and nCoHC, and balanced development can contribute to overall production growth in various regions of Russia.

References

1. Rabbi F., Ahad N., Kousar T., Ali T. Talent Management as a Source of Competitive Advantage. Journal of Asian Business Strategy. 2015; 5(9):208-214. https://doi.org/10.18488/journal.1006/2015.5.9/1006.9.208.214 (In Eng.)

2. Xiang C., Yeaple S. The Production of Cognitive and Non-cognitive Human Capital in the Global Economy. In: NBER Working Paper Series. NBER, W24524, 2018. 66 p. https://doi.org/10.3386/w24524 (In Eng.)

3. Wang X., Ma Y., Li H., Xue C. The Effect of Non-Cognitive Ability on Farmer's Ecological Protection of Farmland: Evidence from Major Tea Producing Areas in China. International Journal of Environmental Research and Public Health. 2022; 19(13):7598. https://doi.org/10.3390/ijerph19137598 (In Eng.)

4. Kelchevskaya N.R., Shirinkina E.V. Regional Determinants of Effective Use of Human Capital in the Digital Economy. Economy of regions. 2019; 15(2):465-482. EDN: https://elibrary.ru/yqsoyh. https://doi. org/10.17059/2019-2-12 (In Russ.)

5. Wang G., Xiang X. Human Capital Cultivation System and Modular Production Network in the Evolution of Division of Labor. Journal of Humanities, Arts and Social Science. 2022; 6(3):303-313. https://doi. org/10.26855/jhass.2022.09.003 (In Eng.)

6. Shirinkina E.V. Evaluation of the effectiveness of the use of educational capital as the dominant element of human capital in the knowledge economy. Journal of Economy and entrepreneurship. 2017; (4-2(81)):854-861. EDN: https://elibrary.ru/ypkbln (In Russ.)

7. Zhang Y., Kumar S., Huang X., Yuan Y. Human capital quality and the regional economic growth: Evidence from China. Journal of Asian Economics. 2023; 86: 101593. https://doi.org/10.1016Zj.asieco.2023.101593 (In Eng.)

8. Heckman J.J., Kautz T. Hard evidence on soft skills. Labour Economics. 2012; 19(4):451-464. https://doi. org/10.1016/j.labeco.2012.05.014 (In Eng.)

9. Yu F., Wang C., Shen J., Shi Y., Li T. Effect of cognitive abilities and non-cognitive abilities on labour wages: empirical evidence from the Chinese Employer-Employee Survey. China Economic Journal. 2017; 10(1):76-89. https://doi.org/10.1080/17538963.2016.1274005 (In Eng.)

10. Asghar N., Danish M.H., Rehman H.U. Human Capital and Labour Productivity. A Case Study of District Lahore. Journal of the Punjab University Historical Society. 2017; 30(1):147-163. URL: https://www.prdb.pk/ article/human-capital-and-labour-productivity-a-case-study-of-distri-1073 (In Eng.)

11. Ma Y., Shang M., Yang F., Li C. Exploration of the Role of Human Capital in China's High-Quality Economic Development and Analysis of Its Spatial Characteristics. Sustainability. 2023; 15(5):3900. https://doi. org/10.3390/su15053900 (In Eng.)

12. Ivanov D. Human Capital and Knowledge-Intensive Industries Location: Evidence from Soviet Legacy in Russia. The Journal of Economic History. 2016; 76(3):736-768. EDN: https://www.elibrary.ru/xfktll. https://doi. org/10.1017/S0022050716000802 (In Eng.)

13. Nosulenko V.N., Samoylenko E.S. Cognitive experience as part of human capital. In: System research. Methodological problems. Yearbook, 2021-2022. Vol. 40. Moscow: Federal Research Center "Informatics and Control" RAS, 2022. P. 272-295. END: https://elibrary.ru/jocbkt. https://doi.org/10.14357/ SRMP202120224013 (In Russ.)

14. Tverdola N.M. Let evaluate human capital and the effectiveness of investments invested in it. Proactive leadership. Management of the Personnel and Intellectual Resources in Russia. 2022; 11(6):67—71. EDN: https://www.elibrary.ru/oeosdd. https://doi.org/10.12737/2305-7807-2022-11-6-67-71 (In Russ.)

15. Zhao X. The Influence of Shadow Education on Cognitive Ability and Non-Cognitive Ability. Modern Economy. 2019; 10(3):945-961. https://doi.org/10.4236/me.2019.103063 (In Eng.)

16. Gruzina Y., Firsova I., Strielkowski W. Dynamics of Human Capital Development in Economic Development Cycles. Economies. 2021; 9(2):67. https://doi.org/10.3390/economies9020067 (In Eng.)

17. Hendricks L., Schoellman T. Human Capital and Development Accounting: New Evidence from Wage Gains at Migration. The Quarterly Journal of Economics. 2018; 133(2):665-700. https://doi.org/10.1093/ qje/qjx047 (In Eng.)

18. Ershova I., Belyaeva O., Obukhova A. Investment in human capital education under the digital economy. Economic Annals-XXI. 2019; (11-12):69-77. EDN: https://www.elibrary.ru/hqwtdf. https://doi.org/10.21003/ ea.V180-08 (In Eng.)

19. Mal'tseva A.V., Maiorova A.V., Safonova E.A. Features and trends of the Russian labour market development in the sphere of demand and labour supply. Social and labor research. 2020; (4(41)):40-49. EDN: https://www. elibrary.ru/iqynzw. https://doi.org/10.34022/2658-3712-2020-41-4-40-49 (In Russ.)

20. Obukhova A.S., Piyaltsev A.I. The state and trends of the labor market in the Russian Federation. Newsletter of North-Caucasus Federal University. 2023; (3(96)):117-123. EDN: https://www.elibrary.ru/wvvfqm. https:// doi.org/10.37493/2307-907X.2023.3.12 (In Russ.)

21. Inozemtseva A.S., Semina L.A. The current state of the labour market in Russia. Internauka. 2022. (14-4(237)):18-21. EDN: https://www.elibrary.ru/kuqccv (In Russ.)

22. Deming D. The Growing Importance of Social Skills in the Labour Market. In: NBER Working Paper Series. NBER, WP21473, 2015. 49 p. https://doi.org/10.3386/w21473 (In Eng.)

23. Barro R., Lee J.-W. A New Data Set of Educational Attainment in the World. In: NBER Working Paper Series. NBER, WP15902, 2010. 49 p. https://doi.org/10.3386/w15902 (In Eng.)

24. Zhang X., Yu L., Liu Y., Du T., Li X. Construction of Safety Evaluation Model for Distribution Network with Distributed Generation. Journal of Physics: Conference Series. 2022; 2384:012055. https://doi. org/10.1088/1742-6596/2384/1/012055 (In Eng.)

25. Alatas S., ak r M. The Effect of Human Capital on Economic Growth: A Panel Data Analysis. Journal of Administrative Sciences. 2016; 14(27):539-555. URL: https://publications.hse.ru/en/articles/776389505 (In Eng.)

26. Shulgin S.G., Zinkina Yu.V. Assessment of Human Capital in Russian Macroregions. Economy of Regions. 2021; 17(3):888-901. EDN: https://elibrary.ru/kwmguq. https://doi.org/10.17059/ekon.reg.2021-3-12 (In Russ.)

27. Liu Y., Granet D., Lin H., Baxter S., Ouyang H., Zhu J. et al. Liu et al. reply. Nature. 2018; 556:E3-E4. https:// doi.org/10.1038/nature26150 (In Eng.)

28. Tumarov T.F. Trends in the human capital, resources and potential development in Russia. Human Progress. 2023; 9(1):1 —15. EDN: https://www.elibrary.ru/oxexvn. https://doi.org/https://doi.org/10.34709/IM.191.15 (In Russ.)

The article was submitted 29.08.2023; approved after reviewing 27.10.2023; accepted for publication 22.1 1.2023

About the authors:

Gilbert Mabiala, Ph.D. in Economics, Associate Professor; Associate Professor of the Department of Economic Theory; Researcher ID: Q-2108-2017

Dmitriy V. Linskiy, Candidate of Economic Sciences, Associate Professor; Associate Professor of the Department of Economic Theory; Researcher ID: GQP-4386-2022

Elmira F. Amirova, Candidate of Economic Sciences, Associate Professor; Associate Professor of the Department of Production Economics; Associate Professor of the Department of Digital Technologies and Applied Computer Science; Researcher ID: AAD-2904-2021 Margarita a. Afonasova, Doctor of Economic Sciences, Professor; Professor of the Department of Management; Researcher ID: AAB-4694-2020

Alena V. Bogomolova, Candidate of Economic Sciences, Associate Professor; Associate Professor of the Department of Management Contribution of the authors:

Mabiala G. - substantial contribution to the conception and content of the study; scientific guidance; and final approval of the version of the article for publication.

Linskiy D. V. - substantial contribution to the conception and content of the study; critical revision in terms of significant intellectual content. Amirova E. F. - developing methodology; data analysis and interpretation. Afonasova M. A. - article preparation; data analysis and interpretation. Bogomolova A. V. - data collection; conducting experiments analysis.

All authors have read and approved the final manuscript.

Список источников

1. Rabbi F, AhadN, Kousar T, Ali T. Talent Management as a Source of Competitive Advantage // Journal of Asian Business Strategy. 2015. Vol. 5. Iss. 9. P. 208-214. https://doi.org/10.18488/journal.1006/2015.5.9/1006.9.208.214

2. Xiang C, Yeaple S. The Production of Cognitive and Non-cognitive Human Capital in the Global Economy // NBER Working Paper. W24524. NBER, 2018. 66 p. https://doi.org/10.3386/w24524

3. WangX., Ma Y, LiH,Xue C. The Effect of Non-Cognitive Ability on Farmer's Ecological Protection of Farmland: Evidence from Major Tea Producing Areas in China // International Journal of Environmental Research and Public Health. 2022. Vol. 19. Iss. 13. P. 7598. https://doi.org/10.3390/ijerph19137598

4. Кельчевская Н.Р., Ширинкина Е.В. Региональные детерминанты эффективного использования человеческого капитала в цифровой экономике // Экономика региона. 2019. Т. 15. № 2. С. 465-482.

EDN: https://elibrary.ru/yqsoyh. https://doi.org/10.17059/2019-2-12

5. Wang G, Xiang X. Human Capital Cultivation System and Modular Production Network in the Evolution of Division of Labor // Journal of Humanities, Arts and Social Science. 2022. Vol. 6. Iss. 3. P. 303-313. https://doi.org/10.26855/jhass.2022.09.003

6. Ширинкина Е.В. Оценка эффективности использования образовательного капитала как доминирующего элемента человеческого капитала в экономике знаний // Экономика и предпринимательство. 2017. № 4-2(81). С. 854-861. EDN: https://elibrary.ru/ypkbln

7. Zhang Y., KumarS, HuangX, Yuan Y. Human capital quality and the regional economic growth: Evidence from China // Journal of Asian Economics. 2023. Vol. 86. P. 101593. https://doi.org/10.1016Zj.asieco.2023.101593

8. Heckman J.J., Kautz T. Hard evidence on soft skills // Labour Economics. 2012. Vol. 19. Iss. 4. P. 451-464. https://doi.org/10.1016/jJabeco.2012.05.014

9. Yu F, Wang C, Shen J., Shi Y, Li T. Effect of cognitive abilities and non-cognitive abilities on labour wages: empirical evidence from the Chinese Employer-Employee Survey // China Economic Journal. 2017. Vol. 10. Iss. 1. P. 76-89. https://doi.org/10.1080/17538963.2016.1274005

10. Asghar N, Danish M.H., Rehman H.U. Human Capital and Labour Productivity. A Case Study of District Lahore // Journal of the Punjab University Historical Society. 2017. Vol. 30. Iss. 1. P. 147-163. URL: https:// www.prdb.pk/article/human-capital-and-labour-productivity-a-case-study-of-distri-1073

11. Ma Y, Shang M, Yang F, Li C. Exploration of the Role of Human Capital in China's High-Quality Economic Development and Analysis of Its Spatial Characteristics // Sustainability. 2023. Vol. 15. Iss. 5. P. 3900. https://doi.org/10.3390/su15053900

12. Ivanov D. Human Capital and Knowledge-Intensive Industries Location: Evidence from Soviet Legacy in Russia // The Journal of Economic History. 2016. Vol. 76. Iss. 3. P. 736-768.

EDN: https://www.elibrary.ru/xfktll. https://doi.org/10.1017/S0022050716000802

13. Носуленко В.Н., Самойленко Е.С. Когнитивный опыт в составе человеческого капитала // В сб.: Системные исследования. Методологические проблемы: Ежегодник, 2021-2022. Вып. 40. М.: Федеральный исследовательский центр «Информатика и управление» РАН, 2022. С. 272-295.

EDN: https://elibrary.ru/jocbkt. https://doi.org/10.14357/SRMP202120224013

14. Твердола Н.М. Оцениваем человеческий капитал и эффективность вложенных в него инвестиций. Про-активное лидерство // Управление персоналом и интеллектуальными ресурсами в России. 2022. Т. 11. № 6. С. 67-71. EDN: https://www.elibrary.ru/oeosdd. https://doi.org/10.12737/2305-7807-2022-11-6-67-71

15. Zhao X. The Influence of Shadow Education on Cognitive Ability and Non-Cognitive Ability // Modern Economy. 2019. Vol. 10. Iss. 3. P. 945-961. https://doi.org/10.4236/me.2019.103063

16. Gruzina Y, Firsova I, Strielkowski W. Dynamics of Human Capital Development in Economic Development Cycles // Economies. 2021. Vol. 9. Iss. 2. P. 67. https://doi.org/10.3390/economies9020067

17. Hendricks L, Schoellman T. Human Capital and Development Accounting: New Evidence from Wage Gains at Migration // The Quarterly Journal of Economics. 2018. Vol. 133. Iss. 2. P. 665-700. https://doi.org/10.1093/qje/qjx047

18. Ершова И.Г., Беляева O.B., Обухова A.O. Инвестиции в образование человеческого капитала в условиях цифровой экономики // Економiчний часопис-XXI. 2019. № 11-12. С. 69-77.

EDN: https://www.elibrary.ru/hqwtdf. https://doi.org/10.21003/ea.V180-08

19. Мальцева А.В., Майорова А.В., Сафонова Е.А. Особенности и тенденции развития российского рынка труда в сфере спроса и предложения рабочей силы // Социально-трудовые исследования. 2020. № 4(41). C. 40-49. EDN: https://www.elibrary.ru/iqynzw. https://doi.org/10.34022/2658-3712-2020-41-4-40-49

20. Обухова А.С., Пияльцев А.И. Состояние и тенденции развития рынка труда в Российской Федерации // Вестник Северо-Кавказского федерального университета. 2023. № 3(96). С. 117-123.

EDN: https://www.elibrary.ru/wvvfqm. https://doi.org/10.37493/2307-907X.2023.3.12

21. Иноземцева А.С., Семина Л.А. Состояние рынка труда в России в настоящее время // Интернаука. 2022. № 14-4(237). С. 18-21. EDN: https://www.elibrary.ru/kuqccv

22. Deming D. The Growing Importance of Social Skills in the Labour Market // NBER Working Paper. WP21473. NBER, 2015. 49 p. https://doi.org/10.3386/w21473

23. Barro R, Lee J.-W. A New Data Set of Educational Attainment in the World, 1950-2010 // NBER Working Paper. WP15902. NBER, 2010. 49 p. https://doi.org/10.3386/w15902

24. Zhang X, Yu L, Liu Y, Du T, Li X. Construction of Safety Evaluation Model for Distribution Network with Distributed Generation // Journal of Physics: Conference Series. 2022. Vol. 2384. P. 012055. https://doi.org/10.1088/1742-6596/2384/1Z012055

25. Alatas S, Qakir M. The Effect of Human Capital on Economic Growth: A Panel Data Analysis // Journal of Administrative Sciences. 2016. Vol. 14. Iss. 27. P. 539-555. URL: https://publications.hse.ru/en/ articles/776389505

26. Шульгин С.Г., Зинькина Ю.В. Оценка человеческого капитала в макрорегионах России // Экономика региона. 2021. Т. 17. № 3. С. 888-901. EDN: https://elibrary.ru/kwmguq. https://doi.org/10.17059/ekon.reg.2021-3-12

27. Liu Y, Granet D, Lin H, Baxter S, Ouyang H, Zhu J. et al. Liu et al. reply // Nature. 2018. Iss. 556. P. E3-E4. https://doi.org/10.1038/nature26150

28. Тумаров ТФ. Тенденции развития человеческого капитала, ресурсов и потенциала в России // Human Progress. 2023. Т. 9. № 1. С. 1-15. EDN: https://www.elibrary.ru/oxexvn. https://doi.Org/https://doi.org/10.34709/IM.191.15

Статья поступила в редакцию 29.08.2023; одобрена после рецензирования 27.10.2023; принята к публикации 22.1 1.2023 Об авторах:

Мабиала жильберт, Ph.D. (экономика), доцент; доцент кафедры экономической теории; Researcher ID: Q-2108-2017 Линский Дмитрий Бикторович, кандидат экономических наук, доцент; доцент кафедры экономической теории; Researcher ID: GQP-4386-2022

Амирова Эльмира фаиловна, кандидат экономических наук, доцент; доцент кафедры экономики производства; доцент кафедры цифровых технологий и прикладной информатики; Researcher ID: AAD-2904-2021

Афонасова Маргарита Алексеевна, доктор экономических наук, профессор; профессор кафедры менеджмента; Researcher ID: AAB-4694-2020

Богомолова Алена Владимировна, кандидат экономических наук, доцент; доцент кафедры менеджмента Вклад соавторов:

Мабиала Ж. - существенный вклад в замысел и содержание исследования; научное руководство; окончательное одобрение варианта статьи для опубликования.

Линский Д. В. - существенный вклад в замысел и содержание исследования; критический пересмотр в части значимого интеллектуального содержания.

Амирова Э. Ф. - развитие методологии; анализ и интерпретация данных. Афонасова М. А. - подготовка статьи; анализ и интерпретация данных. Богомолова А. В. - сбор и анализ данных; проведение экспериментов.

Авторы прочитали и одобрили окончательный вариант рукописи.

i Надоели баннеры? Вы всегда можете отключить рекламу.