ENSURING THE PRODUCTIVITY OF HUMAN RESOURCES: EVALUATION OF FINANCING AND PARTNERSHIP MODELS BETWEEN HOUSEHOLDS, STATE AND BUSINESS

Abstract

Abstract. The article evaluates the funding structure and partnership models in ensuring human resource productivity. The government’s main task is to implement the economic policy that would stimulate the growth of the country’s economy, which is achieved through the active participation of human resources in social production and can be identified by their productivity. Increasing labor productivity requires both fundings for human resources development programs, namely education and health care, and the formation of models of partnerships between the subjects of its provision (government, business, and households). Revitalization of human resources involves meeting the essential human needs, which are defined in the concept of human development, the highest priority of which is education and health. Each country forms its own partnership model of subjects for financing to ensure economic growth and productivity of human resources. The object of the study is the model of partnership in providing the growth of productivity of human resources in the economies of countries that have excellent tools for financing human development programs, namely the United States, Great Britain, Germany, Sweden, and Ukraine. In this study, we used correlation regression analysis to evaluate the models of a partnership between households, government, and businesses in financing education and health to ensure increasing productivity of human resources. We proved the crucial role of public funding of health care systems in ensuring the growth of human productivity in Germany, the United States, Britain, and Ukraine, and in Sweden — socially responsible business. With regard to education, the priority in the partnership model in the United States belongs to the business, in Germany to the state, and in other countries, the participation of all partners is equal. Ukraine has relatively low productivity of human resources. Therefore, it is essential to implement measures to improve it and transform the existing funding structure for human development programs and partnership models to ensure its growth. Keywords: management, financing, education, health, social policy, economic growth. JEL Classification E22, I18, I22, J24, O15 Formulas: 0; fig.: 1; tabl.: 1; bibl.: 32.