scholarly journals Education and Economic Growth: Case of Kyrgyzstan

2017 ◽  
Author(s):  
Raziya Abdiyeva ◽  
Damira Baigonushova
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Government Spending ◽  
Public Spending ◽  
Kyrgyz Republic ◽  
Education And Health ◽  
Labor Resources ◽  
Economic Ties

Human capital is the main source of the country's economic development. The quality of human capital is determined by the level of public health and education. Expenditures on education and health care allow increasing the stock of human capital and the productivity of labor resources thereby accelerates the process of economic development in the long term. In this regard, public spending on education plays an important role in the formation of human capital. After the collapse of the USSR, the Kyrgyz Republic experienced serious economic crises. Public spending declined sharply, as transfers from the budget of the USSR to budget of Kyrgyz Sovyet Republic was 8 to 14% of the state revenues. The loss of economic ties and the market with other republics led to the reduced output significantly. Despite crises, Kyrgyzstan is one of the post-Soviet countries that was able to preserve the educational system. The purpose of this study is analyzing the causal relationship between government spending on education and the gross domestic product in Kyrgyzstan. In the empirical analysis, monthly data on government spending on education and GDP will be used from 2000: 1 to 2015: 8, using a cointegration test for the existence of a long-term relationship, built on the basis of autoregression with distributed lags as known the ARDL model.

scholarly journals Features of the Influence of Human Capital on Economic Development: The Case of Ukraine

2021 ◽  
Vol 8 (3) ◽  
pp. 425-437
Author(s):  
Andrii Zolkover ◽  
Аnastasiіa Kaplina ◽  
Olena Loboda ◽  
Natalia Kyrychenko ◽  
Nataliia Chopko
Keyword(s):  
Health Care ◽  
Human Capital ◽  
Economic Development ◽  
Cognitive Modeling ◽  
Positive Impact ◽  
Education And Health ◽  
Factors Influencing ◽  
Low Efficiency ◽  
The Relationship

The purpose of this article is to substantiate the nature of the relationship between the development of human capital (HC) and the development of the economy of Ukraine. Using the Granger test and cognitive modeling, the features of the development of HC in modern conditions and its influence on the country's economic development have been determined, and the dominant factors influencing the development and quality of HC have been empirically substantiated. The ambiguous nature of the influence of HC on the country's economy due to the inefficiency of spending in the field of education and health care has been established using the impulse modeling method. The positive impact of the development of HC on the development of the economy is leveled with the growth of investment in education and health care, which is due to the low efficiency of expenditures and the insufficient level of competence of state bodies.

The Construction Sector in Mozambique

2020 ◽  
pp. 183-208
Author(s):  
António S. Cruz ◽  
Francisco Fernandes ◽  
Fausto J. Mafambissa ◽  
Francisco Pereira
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Debt Crisis ◽  
Construction Sector ◽  
Construction Costs ◽  
Construction Companies ◽  
Long Run ◽  
Policy Measures

Mozambique’s construction sector has long played an important role in the economy. However, this sector has proven to be vulnerable to economic fluctuations, such as those which emerged after 2014 with the macroeconomic and debt crisis, and faces challenges which need to be addressed through long-term sector policies. International experience shows that investment in infrastructure and human capital can play a key role in economic development by enabling expansion in activities, deeper intersectoral integration, and structural transformation in the long run. However, when countries face high construction costs, this can negatively affect the quality of public infrastructures. Moreover, bottlenecks affecting construction companies prevent them from expanding, which leads to an increase in costs and prices when there is a surge in demand. This chapter aims both to identify the main bottlenecks affecting the sector and to present some policy measures.

scholarly journals Human capital and economic development: The axiological perspective

2017 ◽  
Vol 20 (5) ◽  
pp. 83-93
Author(s):  
Michał Gabriel Woźniak
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Human Life ◽  
Future Generations ◽  
Anglo Saxon ◽  
Knowledge Assets ◽  
Personal Benefit ◽  
Market Values

Global capitalism is both an outcome and a stimulant of spreading not only the same market economy standards and lifestyles but moral relativism as well. Its origin goes back to Anglo-Saxon liberalism that limits the individuals to maximize their personal benefits that are measured according to the market values. The perception of human nature adopted in this ideology determines solutions as for how to achieve individual and communitarian goals and meet criteria of their validation. As a result, the development of human capital understood as the knowledge necessary to act, is focused on its subjective functions. Thus, human capital plays a more important role in the multiplication of individual benefit than in the improvement of the value of human life. Such developed human capital results in growing disparities in the knowledge assets enabling the harmonization of personal benefit with the responsibility for the valuable life of present and future generations. These disparities lead to an increase in risk of global threats to humanity. The reaction to these threats cannot be based on the development of globalization. The concept that respects the multi-faceted nature of a human being seems to be an appropriate alternative. Due to these efforts, new economics might be developed that may provide applicable educational and institutional tools for long-term sustained economic development and improve the quality of life of an individual.

scholarly journals Analysis and Modeling of Uneven Economic Growth of the Regions of the Kyrgyz Republic in the New Conditions

2019 ◽  
Author(s):  
Kalybek Choroev
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Climatic Conditions ◽  
Density Level ◽  
Kyrgyz Republic ◽  
Size Population ◽  
Level Of Economic Development ◽  
Labor Resources ◽  
Working Out

During the years of independence, the unevenness (asymmetry) of the economic development of the regions of the Kyrgyz Republic sharply increased, the multiple gap between the regions increased according to the most important indicators of regional production, income level and poverty, the quality of life of the population. Regions of the country vary significantly in size, population size and density, level of economic development, natural and climatic conditions, national and historical features. All this causes significant differences in the needs of budget financing and tax bases of individual regions. Smoothing economic asymmetry is one of the most important issues of public administration. The core of the research toolkit should be the economic and mathematical model of economic growth in the region. In regional studies, the following factors of economic growth can be identified: natural resources; labor resources; main capital; volume of investment. In addition, new methods of overcoming socio-economic asymmetry include working out the mechanism of effective public-private partnership and everywhere to introduce long-term planning for the development of the region's economy. The preservation and development of the country as a state largely depends on the effective regional policy implemented in the country.

SYRIA: THE POTENTIAL FOR ECONOMIC DEVELOPMENT

2021 ◽  
Vol 1 (10) ◽  
pp. 182-189
Author(s):  
Konstantin I. Kozhevnikov ◽  
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Natural Resources ◽  
Resource Potential ◽  
Social Sphere ◽  
Digital Era ◽  
Post Conflict ◽  
Socio Economic Development ◽  
Hydrocarbon Reserves

The article considers the territorial and natural resource potential of Syria, which can ensure the development of the country's economy and social sphere in the XXI century. In post-conflict conditions. This potential is very diverse and includes, among other things, a strategic aspect - hydrocarbon reserves that have ensured the socio-economic development of the country for several decades. The author comes to the conclusion that at present it is important for Syria not so much to develop and restore the extraction of natural resources, as to improve the quality of human capital, which, in the digital era, has, according to the author, much higher efficiency as a factor of production.

scholarly journals Fiskalni multiplikatori i tranzicijske zemlje

2017 ◽  
Vol 7 (2) ◽  
pp. 83
Author(s):  
Željko Marić
Keyword(s):  
Economic Development ◽  
Bosnia And Herzegovina ◽  
Free Market ◽  
Public Spending ◽  
The State ◽  
Fiscal Multipliers ◽  
The Public ◽  
Main Driver ◽  
Keynesian Economic

Bosnia and Herzegovina is in a state of long-term recession. Under these conditions, the State would have to apply the Keynesian economic policy instead of the neoclassical free market policy. This means that the State should take on the role of the main driver of economic development by increasing public spending and the fiscal consolidation. In doing so, it is very important to understand and evaluate the fiscal multipliers, as the successful application of the Keynesian policy depends exclusively on them. The aim of this paper is, after conducting an analysis of determinants and limitations of the fiscal multipliers within the conditions present in transition countries, to provide guidance on how to conduct the public spending policy, together with the monetary policy and structural reforms which would reduce the possible limitations regarding the effect of fiscal multipliers, thus increasing their impact on economic development. The analysis will be conducted on the example of Bosnia and Herzegovina.

scholarly journals TRENDS OF HUMAN CAPITAL ACCUMULATION IN UKRAINE DURING THE PERIOD OF INDEPENDENCE

2020 ◽  
pp. 85-97
Author(s):  
Oksana Zakharova
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Capital Accumulation ◽  
Population Decline ◽  
Business Environment ◽  
Fertility Rate ◽  
Human Capital Accumulation ◽  
Life Expectancy At Birth ◽  
Socio Economic Development

The article is devoted to the characteristics of trends in the accumulation of human capital in Ukraine over the period of independence. The purpose of the article is to study the key factors that caused the existing trends in the accumulation of human capital during the period of independence of Ukraine. The novelty of the study lies in the application of a systematic approach to establishing the influence of the main factors on the accumulation of human capital in the country over the past twenty years.The expediency of the study of factors that directly affect the course of the processes of accumulating human capital at regional and national levels has been substantiated. The relationship between the quality of life of the population, the socio-economic development of the country and the volume of human capital has been established.The conditions (the number and structure of the current population; the number of live births and deaths per year and per 1000 people of the population; natural population decline, the number of marriages registered per year; total annual fertility rate, average life expectancy at birth), typical for Ukraine at the time of its independence in 1991, in the dynamics of demographic and socio-economic processes in Ukraine during the period of its independence have been analyzed.The tendencies that have been achieved by Ukraine in the nineteen years of independence in the field of socio-economic development, such as: the annual decline in the population and the total fertility rate; an increase in the mortality rate of the population; drop in GDP per capita and human development index are established. The key aspects of stabilizing the situation in the field of human capital accumulation in Ukraine, which should be based on the intensive development of the business environment, improving the quality of education, and comprehensive social protection of the population, have been substantiated.

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