EVALUATION OF THE EFFECTIVENESS OF INVESTMENTS INTO HUMAN CAPITAL AT THE MACRO LEVEL
Journal Title: Journal of Economic Research & Business Administration - Year 2024, Vol 148, Issue 2
Abstract
This article is devoted to the study of the problem of evaluating the effectiveness of financing the education sector as an important industry that contributes to the creation of conditions for accelerated economic growth. In the context of the formation and development of an innovative economy, investments in education are of a priority nature and provide an important competitive advantage from a strategic point of view - the accumulation and development of the country's intellectual potential. At the same time, an increase in investment in education does not mean an increase in the effect and cannot guarantee an increase in the quality of educational services. Therefore, one of the topical issues in the implementation of investments in the industry is the evaluation of their effectiveness. The formation of a methodology for evaluating the effectiveness of investment in education at the macro level is based on a comparison of changes in national investment in education and changes in the human development index. Approbation of the proposed method is carried out on a specific example. This article analyzes the works of the classics of philosophy and economics, monographs, scientific and technical research, and articles by foreign and domestic scientists on the analysis and evaluation of the effectiveness of investments in human capital. The results of this study raise an important question for theoretical economists: what the mechanism by which human capital is affects economic growth, how to model the relationship between the stock of human capital, capital, and technological progress, as well as the law of accumulation of human capital in the model.
Authors and Affiliations
R. E. Janshanlo, O. Yu. Kogut, E. A. Aktureeva , Zh. K. Kupenova
Keywords
Related Articles
- EP ID EP740528
- DOI 10.26577/be.2024-148-b2-07
- Views 24
- Downloads 1
FINANCIAL FORECASTING USING STOCHASTIC MODELS: REFERENCE FROM MULTI-COMMODITY EXCHANGE OF KAZAKHSTAN
Aimed at studying the Multi-Commodity Exchange of Kazakhstan through the use of stochastic models of financial forecasting in the context of globalization. Today, nonlinear forecasting models, including artificial neural...
GLOBAL TRENDS IN THE BANK DEVELOPMENT
This paper analyses the trends in the banks’ development in the last years, as well as the main factors which influence such a development. Special attention has been paid to the factors leading to a substantial chan...
Methodology for assessing the effectiveness of public administration in the digital economy
The relevance of this article is due to the need to update the criteria for assessing the effectiveness of public administration for the conditions of Kazakhstan and bring them into line with the best world practices in...
EMPIRICAL ANALYSIS OF THE RELATIONSHIP BETWEEN PUBLIC EXPENDITURES AND ECONOMIC GROWTH IN KAZAKHSTAN
The relationship between fiscal policies and economic growth is one of the remarkable issues in the growth literature. In particular, the reasons for increasing public expenditures in countries and the effects of these i...
THE ROLE OF STATE REGULATION OF INCOME OF THE POPULATION IN THE SOCIO-ECONOMIC DEVELOPMENT OF THE COUNTRY
Today, due to the fact that the Republic of Kazakhstan is going through a difficult period due to a global pandemic, a decline in business activity due to the geopolitical situation and national security challenges, the...