Abstract
This article is to discuss the state of scholarly research on the influence of human capital on the economic growth and the development of regions. We hereby review the relevant literature published over the past 30 years, and we integrate the various trends and factors into a preliminary and multi-dimensional framework of human capital development. Through this methodologically systematic review and framework development, we provide a more comprehensive and deeper understanding of the connection between human capital development, world technological trends and economic growth. In so doing, we consequently identify various research gaps and prescribe effective ways for future works in this research stream. Conclusively, we discuss the problem of a lack of the demand for human capital (as well as knowledge) in Russian regions that is the main reason for weak economic situation in them. Here is suggested to restructure current regional economy in order to consolidate high qualified human capital in regions and stipulate economic growth in regions.
Highlights
The development of human capital is currently becoming relevant in Russia in connection with the need to ensure a qualitative technological breakthrough in the development of the country as a whole
Far from everytime the regional authorities and regional business are sufficiently aware of the need for a structure of human capital, namely, what human skills and competencies can ensure the economic growth of the territory
Many works of Russian and foreign scientists are devoted to the problems of the development of human capital and its impact on economic growth
Summary
The development of human capital is currently becoming relevant in Russia in connection with the need to ensure a qualitative technological breakthrough in the development of the country as a whole. In conditions of high speed of changes, global instability, as well as complicating international processes, the need for effective use of human capital to ensure the economic development of both the country as a whole and the regions in increasing way. Far from everytime the regional authorities and regional business are sufficiently aware of the need for a structure of human capital, namely, what human skills and competencies can ensure the economic growth of the territory. The main hypothesis of this study follows from the assertion that the accumulation of human capital and the need for it currently exist simultaneously at the regional level. The structure of the regional economy is such that it does not require significant participation of human capital. It becomes necessary to study the process of the influence of human capital on the economic development of the territory and its theoretical justification
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