Оценка эффективности инвестиций в человеческий капитал в современных условиях (Evaluation of the Effectiveness of Investments in Human Capital in Modern Conditions)

56 Pages Posted: 10 Jun 2019

See all articles by Roman Melnikov

Roman Melnikov

RANEPA - Department of State Regulation of Economy

A Margolin

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Public Administration and Management

Viktoria Ustenko

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Public Administration and Management

Argishti Ginoyan

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA); Financial University under the Government of the Russian Federation

Valentina Teslenko

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA)

Ekaterina Turanova

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA)

Date Written: April 5, 2019

Abstract

Russian Abstract: В работе построены количественные оценки частной, бюджетной и общественной эффективности инвестиций в человеческий капитал для различных уровней и профилей образования в современных российских условиях. Оценка эффективности и рисков инвестиций в высшее (включая аспирантуру) и среднее профессиональное образование осуществлена с использованием регрессионного анализа данных Российского мониторинга экономического положения и здоровья населения и финансовых моделей, позволивших сопоставить издержки, выгоды и риски инвестиций в человеческий капитал для различных субъектов. Для оценки влияния человеческого капитала на экономическое развитие на макроуровне проведен регрессионный анализ панельных данных Росстата, позволивший выявить влияние человеческого капитала на динамику экономического роста российских регионов. Сформулированы рекомендации по совершенствованию механизма инвестирования в человеческий капитал на уровнях среднего профессионального и высшего образования с особым акцентом на программы подготовки научно-педагогических кадров высшей квалификации.

English Abstract: The study measures the efficiency of human capital investment at the individual, public, and social levels for different levels of educational attainment and specialist fields in the present-day Russia. The efficiency and risk evaluation of investment in the higher education (including postgraduate studies) and vocational education and training (VET) was based on the regression analysis of the data provided by the Russian Longitudinal Monitoring Survey as well as on financial models, which allowed us to compare costs, benefits, and risks of human capital investment for different stakeholders. To evaluate the impact of human capital on economic growth at the macroeconomic level, we conducted regression analysis of the panel data provided by Rosstat, which was used to assess the effect of human capital development on the growth dynamics of the Russian regions. The present research enabled us to formulate policy recommendations aimed at improving the mechanism of investment in human capital at the level of VET and higher education, with a specific emphasis on the training of academic and teaching staff.

Note: Downloadable document is in Russian.

Suggested Citation

Melnikov, Roman and Margolin, A and Ustenko, Viktoria and Ginoyan, Argishti and Teslenko, Valentina and Turanova, Ekaterina, Оценка эффективности инвестиций в человеческий капитал в современных условиях (Evaluation of the Effectiveness of Investments in Human Capital in Modern Conditions) (April 5, 2019). Available at SSRN: https://ssrn.com/abstract=3387344 or http://dx.doi.org/10.2139/ssrn.3387344

Roman Melnikov (Contact Author)

RANEPA - Department of State Regulation of Economy ( email )

Vernadskogo Prospect 82
Sredny av. V.O., 57/43
Moscow, St. Petersburg 119571
Russia

A Margolin

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Public Administration and Management ( email )

Russia

Viktoria Ustenko

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Public Administration and Management ( email )

Russia

Argishti Ginoyan

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) ( email )

Vernadskogo Prospect 82
Sredny av. V.O., 57/43
Moscow, St. Petersburg 119571
Russia

Financial University under the Government of the Russian Federation ( email )

Moscow
Russia

Valentina Teslenko

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) ( email )

Vernadskogo Prospect 82
Sredny av. V.O., 57/43
Moscow, St. Petersburg 119571
Russia

Ekaterina Turanova

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) ( email )

Vernadskogo Prospect 82
Sredny av. V.O., 57/43
Moscow, St. Petersburg 119571
Russia

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