IMPACT OF HUMAN CAPITAL ON INNOVATIVE DEVELOPMENT

Abstract

The purpose of the study is to study the relationship between the level of human capital and innovative development in various countries of the world in the context of the transition to the sixth technological order. When studying the relationship between human capital and innovation development, the authors formulated a hypothesis about a significant difference in the sensitivity and impact of innovation on the level of human capital for different groups of countries. To test the hypothesis, the authors used analytical, statistical, and correlation-regression analysis methods. The combination of these methods allowed us to record a different degree of relationship between the level of human capital and GDP, human capital and innovation, innovation and GDP of Russia. According to this analysis, in Russia there is a close relationship between the level of human capital and GDP, a less close relationship between innovation and human capital, and a very weak relationship between innovation and GDP. The current situation for Russia in the context of changing technological patterns requires special attention from state institutions to solve this problem. For the purpose of innovative development of Russia, the authors proposed measures for six major areas. The results obtained can be used to justify proposals and measures to regulate innovation processes, taking into account the priority of national interests of scientific, technological and economic development of the country.