Social and economic efficiency of investments into a professional training

Vladimir Antropov (), Valentina Parshina () and Aleksandr Kudinov ()

Economy of region, 2009, vol. 1, issue 1, 28 - 41

Abstract: Unlike the contemporary economics' methods that deal with the inner effect (the effect that the learner gets from the education) or the macrolevel’s effect (the effect on the state's level), the authors of the article introduce innovative methods to estimate the economical efficiency of the personnel training investing and the investing payback period from the viewpoint of the organizations that finance the personnel training (the microlevel’s effect). It is based on the discounting conception. An additional point is that the methods take the higher and secondary professional education features into consideration, the organizations and educational institutions integration degrees, and allow estimating the economical efficiency of the specialist training investing at any time of the investment cycle according to actual and forward looking data. Also the article provides the methods' basic and specific features that take place when training expenses taken into account relating to different education levels and organizations and educational institutions integration degrees.

Date: 2009
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