Evaluation of the effectiveness of investments in human capital in modern conditions

Оценка эффективности инвестиций в человеческий капитал в современных условиях

Roman Melnikov, Andrey Margolin, Ustenko, Viktoria (Устенко, Виктория) (), Ginoyan, Argishti (Гиноян, Аргишти) (), Teslenko, Valentina (Тесленко, Валентина) () and Turanova, Ekaterina (Туранова, Екатерина) ()
Additional contact information
Ustenko, Viktoria (Устенко, Виктория): The Russian Presidential Academy of National Economy and Public Administration
Ginoyan, Argishti (Гиноян, Аргишти): The Russian Presidential Academy of National Economy and Public Administration
Teslenko, Valentina (Тесленко, Валентина): The Russian Presidential Academy of National Economy and Public Administration
Turanova, Ekaterina (Туранова, Екатерина): The Russian Presidential Academy of National Economy and Public Administration

Working Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: The study measures the efficiency of human capital investment at the individual, public, and social levels for different levels of educational attainment and specialist fields in the present-day Russia. The efficiency and risk evaluation of investment in the higher education (including postgraduate studies) and vocational education and training (VET) was based on the regression analysis of the data provided by the Russian Longitudinal Monitoring Survey as well as on financial models, which allowed us to compare costs, benefits, and risks of human capital investment for different stakeholders. To evaluate the impact of human capital on economic growth at the macroeconomic level, we conducted regression analysis of the panel data provided by Rosstat, which was used to assess the effect of human capital development on the growth dynamics of the Russian regions. The present research enabled us to formulate policy recommendations aimed at improving the mechanism of investment in human capital at the level of VET and higher education, with a specific emphasis on the training of academic and teaching staff.

Pages: 56 pages
Date: 2019-04
New Economics Papers: this item is included in nep-cis and nep-tra
References: Add references at CitEc
Citations:

Downloads: (external link)
https://repec.ranepa.ru/rnp/wpaper/041912.pdf
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rnp:wpaper:041912

Access Statistics for this paper

More papers in Working Papers from Russian Presidential Academy of National Economy and Public Administration Contact information at EDIRC.
Bibliographic data for series maintained by RANEPA maintainer ().