Construction of a dynamic input-output model with a human capital block
Baranov A.O. (),
Pavlov V.N. and
Slepenkova Yu. M.
Additional contact information
Baranov A.O.: Новосибирский государственный университет
World of economics and management / Vestnik NSU. Series: Social and Economics Sciences, 2017, vol. 17, issue 1, 14-25
The accumulation of human capital is an important factor of economic growth. It seems to be useful to include «human capital» as a factor of a macroeconomic model, as it helps to take into account the quality differentiation of the workforce. Most of the models usually distinguish labor force by the levels of education, while some of the factors remain unaccounted. Among them are health status and culture development level, which influence productivity level as well as gross product reproduction. Inclusion of the human capital block to the interindustry model can help to make it more reliable for economic development forecasting. The article presents a mathematical description of the extended dynamic input-output model (DIOM) with a human capital block. The extended DIOM is based on the Input-Output Model from The KAMIN system (the System of Integrated Analyses of Interindustrial Information) developed at the Institute of Economics and Industrial Engineering of the Siberian Branch of the Academy of Sciences of the Russian Federation and at the Novosibirsk State University. The extended input-output model can be used to analyze and forecast development of Russian economy.
Keywords: input-output analysis; dynamic input-output model; human capital; national wealth; Russian economy (search for similar items in EconPapers)
JEL-codes: C67 E24 J24 O15 (search for similar items in EconPapers)
References: View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:nos:wjflnh:2017_1_02e
Access Statistics for this article
More articles in World of economics and management / Vestnik NSU. Series: Social and Economics Sciences from Socionet
Bibliographic data for series maintained by Вестник НГУ социально-экономические науки ().