π-Economy (Aug 2024)
System of indicators for assessing the investment provision of human capital (on the example of territorial-industrial projection of the Republic of Belarus)
Abstract
The in-depth study of the theoretical and methodological foundations and socio-economic nature of human capital formed by the inhabitants of rural areas has allowed us to conceptually justify the allocation of its specific form – agrarian, formed under the influence of the agricultural sector and integrating the rural population into a single community. The objective condition for sustainable development of the latter is the amount of financial resources allocated for the development of social infrastructure of rural areas, provision of social sphere, ecology. Compiling the stated positions of investment with the amount of self-financing and corporate costs for the formation and accumulation of human capital in the agrarian sector, it becomes possible to study the indicators reflecting the stages of its life cycle in correlation with the amount of socio-environmental investment. These circumstances determine the relevance and purpose of the study, which is to develop a methodological toolkit for analyzing the effectiveness of investment support for the formation, development, accumulation and use of human capital in the territorial and sectoral projection. The proposed approach to the analysis of investments in the development of agrarian human capital is based on the study of detailed evaluation markers, focusing the sequential study of all stages of its life cycle, which allows for in-depth analysis and identification of specific aspects affecting the effectiveness of socio-environmental investments. The presented system of indicators takes into account the correlation between the designated markers and investment volumes. A single and reliable source of statistical information, as well as the openness of the data allow minimizing the error of the results obtained. The proposed methodological approach is characterized by accessibility, simplicity and systematic evaluation studies. Its use contributes to the formation of a scientifically sound understanding of the state and dynamics of changes in investment efficiency and allows making timely practice-oriented operational and strategic management decisions. Practical testing of the methodological approach to the analysis and assessment of socio-environmental investments has allowed us to prove empirically that low rates of financing the formation, development, accumulation and use of human capital in the agrarian sphere limit the possibilities of its sustainable increase. This circumstance has a negative impact on the intensity of functioning of the rural economy.
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