Bìznes Inform (Dec 2017)
The Human Capital of Region as One of the Determining Factors for Development of the Knowledge-Based Economy
Abstract
The article is aimed at defining the role of human capital as a factor for economic development and competitiveness of regions in a knowledge-based economy. In the theoretical part of the article, the concept of human capital and the components determining its quality are formulated. The emphasis is placed on the growing importance of human capital in the knowledge economy and on the role of human capital as one of the factors contributing to the development of regions. The analysis and assessment of each of the components of human capital were carried out, and on their basis the integral index of human capital for the regions of Ukraine was calculated, with the help of which the level of their competitiveness was determined. The accomplished analysis provided to conclude that, unfortunately, during the period researched in all regions of Ukraine there was a decrease in the number of students, as well as the number of education workers in terms of the equivalent amount of 10 thousand people, while the first variable decreased faster, indicating the need for rethinking and subsequent innovative changes in the higher education system of the country.
