THE IMPACT OF THE QUALITY OF HUMAN CAPITAL AND STATE EDUCATIONAL POLICY ON THE DEVELOPMENT OF HIGH-TECH COMPANIES IN RUSSIAN REGIONS

Valentina Teslenko

Regional and Sectoral Economic Studies, 2020, vol. 20, issue 2, 51-64

Abstract: This article explores the role of human capital for innovative activity of Russian high-tech companies. Taking into account the weaknesses in educational system and the last reforms, we hypothesize that high-qualified human capital have a positive impact on labor productivity of high-tech firms. At the same time we hypothesize that the last reforms of the Ministry of science and higher education have a positive impact on firms’ innovation activity in Russia. We test our ideas using “TechUspech” rating data for 2017. Our findings indicate a positive significant association between the highly qualified human capital and labour productivity of Russian innovative firms. The empirical analysis also revealed the positive impact of recent reforms of the Ministry of Education and Science on the innovation climate in the regions of the country.

Keywords: Human Capital; State Educational Policy; Russian Regions. (search for similar items in EconPapers)
Date: 2020
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