Human Capital for Sustainable Regional Development

Alexei O. Verenikin, Anna Y. Verenikina, John T. Finley, Khanifa V. Tyrkba and Maria V. Melanina

Economic Studies journal, 2023, issue 4, 54-69

Abstract: The research aimed at the construction of the ranking of the human capital index in the regions of the Russian Federation based on the available data on the significant factors of sustainable development. Based on the premise that the components of the Human Capital Index calculated by the World Bank coincide with the Sustainable Development Goals from Agenda 2030 “Transforming our world”, the authors construct a Regional Rating of Human Capital Development in Russia using measurable indicators for 85 Russian regions for Targets 3 and 4 from National Sustainable Development Goals Indicator Set. The indicators were grouped into three pillars (subsets): Health, Education and Living standard, each pillar consisting of 2-4 sub-pillars and 2-6 indicators. All data for the indicator’s calculation is taken from official statistics. No expert assessment is used. The research methodology is based on generalized modified principal component analysis (GMPCA), verified by the authors' previous research. The study reflects an integrated approach to assessing the efforts of Russian regional authorities in human capital development. The research lays the foundation for regular analysis of the rating and dynamics of its components in the Russian regions, which will allow for an assessment of the current state and potential of human capital development in Russian regions and can serve to improve regional socio-economic policy.

JEL-codes: C38 E24 Q01 R11 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2023:i:4:p:54-69

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