Quality Of Human Capital Research Articles

The Role of Quality Human Capital and Planning Strategies in Achieving Event Sustainability in Lombok

Background:
 The success of implementing a sustainable event in a tourist destination cannot be separated from the influence of the quality of human resources (human capital) and planning strategies. However, studies of the interdependence between human capital and planning strategies in achieving successful implementation of sustainable events, especially on the island of Lombok, are still limited
 Methodology: 
 This study aims to examine and analyze the extent to which aspects of human capital and strategic planning play a role in optimizing the implementation of events on the island of Lombok. The method used is a literature review from journals and trusted sources, as well as problem analysis through in-depth interviews with resource persons involved in the implementation of the event. The focus of this study is to compare tourism events, namely the Bali Arts Festival (PKB) in Bali and the Bau Nyale Festival in Lombok
 Findings: 
 The results of in-depth interviews with several sources show that the PKB held on the island of Bali is still superior in the number of enthusiasts and concepts than the implementation of the Bau Nyale Festival on the island of Lombok. This is shown by the length of the PKB implementation and the age of the PKB which has been going on in the past 4 decades ago. In addition, the main factor that affects the sustainability of PKB is the quality of human resources in the tourism sector on the island of Bali, which is superior to the island of Lombok, so as to be able to formulate effective and creative planning in packaging the event. To achieve the sustainability of the event in Lombok, it is necessary to increase human capital and appropriate planning strategies through counselling, training, and the availability of Meeting study programs.
 Conclusion: 
 Human capital and strategic planning play important roles for achieving sustainable event to support the development of tourist destination. The result of comparison study between Bali Arts Festival and Bau Nyale Festival shows that Bali Arts Festival was greater than Bau Nyale festival in terms of numbers of visitors and implementation concepts. This was proved by the length of festival and number of tourists visiting. Bali Arts Festival has been run for about 40 years, while Bau Nyale Festival has been currently occurred in Lombok. In addition, human capital in Bali Arts Festival was greater showing in how well management applied during the event, so that, it is able to plan with a precise strategy in achieving sustainable event.

Influence of Human Capital and Self-Efficacy in Improving Productivity of Power Plant Perators at Jeneponto Power Plant Through Knowledge Sharing

Research related to productivity improvement through the knowledge sharing process is still limited, so this research aims to find a model of productivity improvement through the utilization of knowledge sharing that can provide multi-effects at the organizational level, task level, and individual level of operators as a solution to research problems in terms of improving human capital and self-efficacy. Productivity is a concept related to system theory (input-process-output) that is reflected in the ability of employees in producing a product. This study uses primary data in the form of questionnaires as data collection instruments. Sample withdrawal in this study using Purposive Sampling method is a sampling technique with certain considerations, samples used as many as 110 samples. furthermore, the data of the questionnaire results are processed using Partial Least Square (PLS). The results showed that human capital and Self-efficacy have a positive and significant effect on knowledge sharing and productivity of operators, Knowledge sharing has a positive and significant effect on the productivity of operators, Human capital and self-efficacy has a significant effect on the productivity of operators through knowledge sharing. The implications of the results of the study, the better the quality of human capital and self-efficacy, the ability to do knowledge sharing is also increasing so as to have a postifi impact on the improvement of operator productivity. The practical implications of this research can be used as a model in improving operator productivity through the knowledge sharing process. So there is an accelerated process of knowledge transfer between foreign operators and local operators. The novelty of this research lies in the process of knowledge sharing that is generally done by design through the process of training in door in this research the process of knowledge sharing is done out door through a natural process conducted between foreign operators and local operators. So that the results of this study can add research references in the field of human capital development.

Financial development, ecological transition, and economic growth in Sub-Saharan African countries: the performing role of the quality of institutions and human capital.

Even though the ecological transition is considered the next big challenge for Africa, few studies have examined its scope regardless of the massive financing that is required and the stakes on other sectors. This study analyzes the links between financial development, ecological transition, and economic growth in Sub-Saharan Africa from 1980 to 2019. The Dumitrescu and Hurlin causality tests, Pedroni and Westerlund cointegration, and the Augmented Mean Group algorithm are applied on a sample of forty-eight countries. The findings support that institutional quality and human capital are crucial, but their effects can only be observed in high-income and upper middle-income countries. The level of economic development matters, and there is a threshold beyond which the effects of renewable energies and human capital occur on the performance of the financial system. Trade openness and investments seem also to be positive and significant on ecological transition only in these countries. Furthermore, there is substitutability between non-renewable and renewable energy consumption in these countries, while in lower middle-income and low-income countries, there is complementarity. The study concludes by highlighting key policy recommendations to sustain ecological transition.

Causes of Stunting in Toddlers: Literature Review

Stunting in children is the main indicator in assessing the quality of human capital in the future. Growth disorders are suffered by children early in life, in this case, stunting can cause permanent damage. The nutritional status of under-fives is the cause of 2.2 million of all causes of under-five mortality worldwide. The purpose of writing this literature review is to analyze what factors cause a child to suffer from stunting. The method used in collecting journals uses Science direct, Sci-hub, and Google Scholar published from 2010 to 2020. The results of this literature review are that stunting in children under five is caused by several factors including low birth weight (LBW), breastfeeding exclusive, maternal parenting, economic factors, maternal education, and environmental sanitation including clean water sources.

Показатели человеческого капитала в исследованиях экономического роста: обзор

Quantity and quality of human capital are important components of economic growth. However, assessing the relationship between human capital and growth is complicated both by the multidimensional nature of human capital itself, and by the fact that many of its characteri­stics are difficult to observe and to measure. Economic growth studies use various measures for different aspects of human capital - such as education, experience and health of workers. Choice of a particular measure depends largely on the objectives of the research, available data and established approaches; its motives and implications are often less visible, though.In this paper, I discuss human capital measures that are used in macroeconomic studies. The main ones include quantitative and qualitative characteristics of education, returns to education, cognitive skills test results, work experience and health of workers. Choice of a measure is reflected in differences in estimates of human capital impact on economic growth, ranging from the complete absence of any influence to the fairly high role of human capital as a factor of economic growth. This paper discusses the strengths and weaknes­ses and the peculiarities of the respective measures. Specific research results obtained using various approaches to human capital measurement are presented for illustrative purposes.

СПЕЦИФИКА ОЦЕНКИ ЧЕЛОВЕЧЕСКОГО КАПИТАЛА

The economic and technological development of modern society is directly related to the quantity and quality of human capital in the structure of the national wealth of countries. His assessment is becoming an increasingly relevant area of scientific knowledge. The desire of states to build or strengthen a "new economy" is noticeable, which increases the need for technological breakthroughs that are associated with the study of human capital. The study of the specifics of human capital and its description will make it possible to more effectively plan and control the conduct of theoretical and empirical research. The article describes the distinctive features of human capital from other types of capital. Within the framework of theoretical research, the author's classification of the specifics of human capital assessment has been formed, which consists of three main characteristics. This specificity has been theoretically confirmed on the basis of foreign and domestic studies. Taking into account the identified specifics when conducting theoretical and empirical research in the field of human evaluation will help reduce the error of measurement results and their interpretation. The theoretical and methodological basis of the research consists of: theories of human capital, related theories of labor economics, the history of managerial thought. The study used a set of theoretical methods, such as comparative analysis, synthesis, induction and deduction. The research is based on both classical works of domestic and foreign scientists, as well as modern developments of practitioners and theorists, international standards, World Bank statistics and specialized literature in the field of human capital theory and accounting of intangible assets.

ЛЮДИНО-ОРІЄНТОВАНА КОНЦЕПЦІЯ ЯК УМОВА РОЗВИТКУ УКРАЇНИ

According to Ukrstat, 42.4 million people lived in Ukraine in 2018, but the population is declining every year. Under the current dynamics, by 2050 the population will decrease to 28.0 million people. Under such conditions, in the perspective of 10-20 years in Ukraine there will be a catastrophic shortage of labor resources. However, today the economically active population is 18 million people with an economically inactive population – 18.5 million people. In confirmation of this, the average number of full-time employees in April 2020 decreased by 171 thousand people compared to April 2019. The largest decreases were recorded in industry (-77.9 thousand people), health care (-49.7 thousand people) and agriculture, forestry and fisheries (-40.0 thousand people). In the Global Competitiveness Rating according to the World Economic Forum, Ukraine in 2019 ranked 85th out of 141 economies in the world. However, the best results of the Forum were recorded in the categories “Qualification of the population” (44th place, 69.9 points out of 100) and “Infrastructure” (57th place, 70.3 points out of 100), which were significantly higher than the average values of countries with below average income. Particularly noteworthy are the results of the subcategory “Qualification of the future workforce” – 26th place, 72.6 points out of 100. According to the Human Development Index, Ukraine in 2019 ranked 88th with an average index of 0.750. Over the last ten years, the increase in this index has been minimal. At the same time, research by the Finnish Economic Research Institute (ETLA) suggests that innovation or new marketing strategies can be used to continuously increase national competitiveness. In Finland, the main method of increasing competitiveness is investment in the quality of human capital, investment in education, which provides an opportunity to train qualified personnel and develop quality production. Therefore, the task of preserving and developing human capital becomes the main condition for further development of the country. But in the conditions of full-scale aggression of the Russian Federation in Ukraine, partial destruction of its economy and mass displacement of the population this task becomes vital.

North African countries in XXI century: the processes of formation of a new social appearance. Part 1

The countries of North Africa, which are currently at different stages of social transit, have been undergoing significant, qualitative changes in recent decades, mainly in the 2000s. The evolution of the social image of the Arab States has become one of the most important consequences of the ongoing large-scale transformations in this region and, more broadly, in the globalized world. Geopolitical and geoeconomic parameters/features of the object of the study - the North African countries with their hundreds of tribes and clans predetermine significant differences in the nature and dynamics of transformation and development of selected states. This is due to significant differences in historical-cultural development, ethnic and confessional composition within a large group of countries, and their population. This group includes numerous states that differ in natural and geographic environment and have a rich historic background with its particular case in each country. Today there exists a rather mixed picture of positions that selected countries of the region hold in the “world ranking” of the level and dynamics of economic development, quality of human capital, scale of poverty, framework conditions for investment, demographic factor, urbanization, environmental protection, etc. All of this directly affects implementation of renovation/modernization concept - the key mega trend of social development of the region in recent decades. On the whole, for the past 50 years the shifts have been limited (but anyone could say that this is just the beginning). This article is devoted mainly to the analysis of the factors influencing the formation of a new social image of the North African countries.

СПЕЦИФІКА ВИКОРИСТАННЯ ЛЮДСЬКОГО КАПІТАЛУ СІЛЬСЬКИХ ТЕРИТОРІЙ В УМОВАХ ЄВРОІНТЕГРАЦІЇ

Human capital is a necessary condition for maintaining the competitiveness of the economy of the country and the state on world markets in the conditions of globalization, as well as the most important characteristic of the activity of the legislative and executive authorities in the country. This article examines the essence and main problems of human capital development. Issues and problems related to the assessment of the quality of human capital, factors contributing to its development are also considered. The development of human capital is associated with limiting factors in various areas of formation and application of human capital. Practically each of them is a consequence and cause of not one, but a whole series of restrictions. The dualism of human capital is manifested in the fact that it becomes, on the one hand, the goal of socio-economic development, on the other hand, the main tool of progress, the most important factors of transformation and modernization of the economy. The human potential of rural areas, embodied in the totality of knowledge, skills, abilities, including the physical of the rural population, becomes capital if it gives an economic effect, that is, if there is a conversion of human capital into economic capital. Human capital is a factor of long-term use, but at the same time it has a limited period of validity. Over time, knowledge and skills wear out. The rapid development of technology does not allow all employees to improve their professional skills or change the field of activity. Human capital is an exhaustible resource and requires some cost to maintain effective performance, as it ages quite quickly and its value can rise and fall. Limiters to the development of human capital determine not only the obstacles and restraining factors of increasing the indicator, but also provide an opportunity to manage development. Thus, by developing or restraining the development of certain spheres of life and industries, it is possible to increase the speed of development of human capital. Improving the quality of human capital has a huge impact on the socio-economic, innovation-investment, cultural development of the state, determines its competitiveness among other countries of the world, acts as a prerequisite for the transition to the information society and improving the quality of life.

Человеческий капитал как национальное богатство

The subjects of the research are the retrospective and the modern approaches to the definition of human capital. The purpose of the work is to prove the need to include more indicators of human capital in the system of national accounts, as well as characteristics of human capital that are not directly related to its role in economic production. Thanks to the analysis of various approaches of international organizations to the definition of human capital, it has been established that despite the numerous difficulties in assessing human capital as an intangible asset, in the future there will be an expansion of the positions by which human capital will be included in the central structure of the System of National Accounts. It is noted that in domestic studies little attention is paid to the role of households as cells of society in which the production of human capital begins and new generations are socialized. Attention is drawn to the need for wider use of the concept of "human capital reserves", which allows for a more correct comparison of both the characteristics of human capital of different regions and to take into account the impact of migration on human capital. In this regard, the approach of a number of researchers to the assessment of human capital on the basis of its depreciation has been subjected to reasoned criticism. In modern conditions, the quality of human capital in the country is also determined by the policy pursued to identify talents, in which STEM talents occupy a special place. It is concluded that for the Russian society and economy, the formation of human capital and improving its quality should become long-term goals, the achievement of which will help to reduce differences in the level of development of territories.

Human Capital Quality and the Regional Economic Growth Disparity: Evidence from China

Human Capital Quality and the Regional Economic Growth Disparity: Evidence from China

Экономическая оценка человеческого капитала региона

Sustainable regional development should consider the state and improvement of the quality of regional human capital. To this end, the present study focuses on economic assessment of human capital. Additionally, the research analyses the definitions of the “human capital” category, as well as approaches to identifying its composition and structure. After examining various economic assessment techniques, a definition of regional human capital was proposed. The cost approach was chosen as the most suitable tool for the economic assessment of human capital at the regional level. For economic valuation, the study uses a method developed by Chigoryaev and co-authors, including a number of theoretical and methodological modifications that take into account regional specificities. According to the assessment results, the total human capital in Kamchatka krai exceeded 191 billion roubles, of which more than 104 billion accounted for the fixed human capital. The constant growth of human capital in the period 2011–2018 was noted. Simultaneously, the share of the fixed human capital in the overall structure has been steadily increasing. The values of the chain growth rate of the operating human capital ranged from 1.0 to 1.06, while the values of this rate of the fixed human capital ranged from 1.14 to 2.05. A comparative analysis of the ratio of the total human and physical capital showed the presence of an imbalance: the share of human capital was gradually increasing and reached 37.5 % in 2018. The obtained results can be used to create strategic and programme documents in the field of regional socio-economic development. The modified method of Chigoryaev and co-authors can be applied for the valuation of regional human capital in other studies.

Labor migration and human capital in the context of globalization: problems of constitutional and legal policy

This article discusses the features of modern migration processes, the preservation and development of human capital in the context of globalization and the relationship between them. Improving the legal regulation of labor migration and the preservation and development of national human capital is considered as the main strategic directions of the constitutional and legal policy of the Russian Federation. The relevance of the topic is justified by the fact that the solution of problematic issues related to migration processes and the preservation and development of human capital in the context of globalization is the key not only to economic stability, but also to the security of the state. The effectiveness of their legal regulation depends, first of all, on the presence in the state a competent constitutional and legal policy in this area. The purpose of this study is to develop, based on the analysis of the provisions of the Constitution of the Russian Federation, other normative legal acts, statistical data, the works of legal scholars, economists and sociologists, proposals for improving constitutional and legal policy in the field of migration, taking into account the trends of the globalization process and the need to preserve and develop human capital in Russia. As a result of the study, the relationship between external labor migration and the need to preserve and develop human capital in the country was revealed, which consists in the fact that migrants and their qualifications affect the quality of national human capital in the state in which they carry out their labor activity. Proposed new for the science of constitutional law was given – “national human capital”. It is proposed to introduce amendments and additions to documents of a strategic nature, which should contribute to the improvement of the constitutional and legal policy of the Russian Federation in the migration sphere. The main directions of development of the constitutional and legal policy on the issue under consideration are identified; proposals were formulated to improve Russia’s international cooperation in the migration sphere; proposed measures to improve international cooperation of the Russian Federation on migration issues within the framework of the EAEU and the CIS.

РОЗВИТОК ЛЮДСЬКОГО КАПІТАЛУ ЯК ОСНОВА СОЦІАЛЬНО-ЕКОНОМІЧНОГО ВІДНОВЛЕННЯ УКРАЇНИ

The current stage of development of the world economy, based on advanced digital technologies, increases the relevance of education, professionalism, and creative abilities of participants in the production process. The article is aimed at substantiating the determining role of human capital development in the economic recovery of Ukraine in the post-pandemic and post-war periods. One of the comprehensive indicators for assessing the quality of human capital is the Human Development Index. This indicator measures the country's average achievements in the following aspects of human development: long and healthy life, knowledge and a decent standard of living. A review of the values of the Human Development Index and gross national income per capita of the world revealed a correlation between the two indicators. This is confirmed in the article by a graphical representation of positions of countries in the coordinate system "HDI-GNI per capita", as well as the high value of the coefficient of determination of the constructed correlation model. The mutual nature of the dependence between these indicators is formulated and substantiated. A schematic model of the relationship between human development and the economic growth of the country is proposed. The crucial role in human development of the factor of providing conditions for equal access to quality education for all segments of the population in all corners of the world is described. The article highlights targets in the field of education, the achievement of which is a benchmark of activities of the world community until 2030 according to the Sustainable Development Goals. The achievements of Ukraine in the sphere of education over the years of independence are assessed, and gaps and main directions of further work on providing the population with access to quality education are identified. The conclusion about the exceptional importance of human capital in the process of reconstruction of Ukraine is formulated.

Population migration in the supporting regions of the Russian Arctic to improve international competitiveness of the Northern Sea Route

Abstract The Russian Arctic regions have a significant geographical, historical, and economic connection with the Northern Sea Route (NSR); the successful implementation of Russia’s geo-political and geo-economic strategies in the Arctic is mainly dependent upon the socio-economic situation in these regions. Population migration is a determinant of the current and future labour potential of the supporting regions; compared to natural growth, it has been a key driver of population and an indicator of the quality of human resources. The research herein considered the factors and impacts of migration on the quality of human resources in the Arctic Zone of the Russian Federation (AZRF). Russian population census data for 2002 and 2010, and statistical materials were analysed by age and migrant education to characterise the quality of human resources. To identify the causes of migration, the quantitative data analyses were supplemented with results from sociological studies and expert assessments. An index methodology was used to compare the quality of life and human capital development of the Arctic regions. Accordingly, most of the analysed Arctic regions showed high indicators of human development, which were higher than the national average in education, but significantly lower in longevity. Further, most of the Arctic regions occupied lower positions in Russian regional quality of life. It was concluded that the AZRF regions hold high quality of human capital; however, since high-quality living conditions are lacking, they serve as donors of human capital to other parts of the country. These regions would require external labour resources in the near future due to the planned large-scale projects for the development of the NSR, concurrent reduction and ageing of labour resources, and demand changes in the labour market. The government’s socio-economic policies would determine the scale, dynamics, and direction of migration, as well as their impact on the demographics and labour potential of the supporting regions of the NSR.

ТЕОРЕТИЧЕСКИЕ АСПЕКТЫ УПРАВЛЕНИЯ ЧЕЛОВЕЧЕСКИМ КАПИТАЛОМ В ИНТЕРЕСАХ ИННОВАЦИОННОГО РАЗВИТИЯ

The article is devoted to the theoretical study of effective human capital management tools in order to expand and supplement the theoretical apparatus. Over the past decade, the economy and social structure have been undergoing global changes due to the geopolitical situation, the imposition of incessant sanctions on the Russian Federation, in connection with which the rapid restructuring of the Russian economy, the search for new, more effective management methods, production processes, etc. come to the fore. All this cannot be achieved without rapid change, improvement of the quality of human capital, more effective management of human capital. Human capital management in modern conditions, taking into account the geopolitical situation, is entering a new, more complex level of its development, taking into account a large number of elements of the human capital management system interconnected in a single chain. In the presented work, a theoretical study was conducted, during which the works of modern Russian researchers of human capital, considering human capital management from various sides, were studied, systematized and analyzed. The authors analyzed in the article use in their classifications a lot of author's non-standard approaches that give enterprises a wide variety of tools that allow them to effectively manage human capital. As a result of the conducted research, theoretical issues of human capital management, provisions on human capital are analyzed. The author's definition, which forms the basis of the study – the trajectory of human capital management, is given. The above definition takes into account a system of balanced indicators, which, in turn, allows you to visualize the studied trajectories of human capital management. The characteristics of the studied and systematized trajectories of human capital management are presented.

On the question of the development of rural areas in Ukraine

The article explores the development of rural areas in Ukraine. In particular, the existing general problems of rural development were identified, the ways and prospects of their solution were outlined. It is determined that the key components of rural development are production (agricultural activities and other activities not related to agriculture), social (welfare, improving the quality of human capital in rural areas, preservation of traditions, moral and spiritual values), environmental conservation of natural resources of rural areas, environmentally friendly land use). It is substantiated that the interaction of these components will allow to form a social and economic environment for sustainable development of rural areas. The article states that the successful development of rural areas is to use an integrated approach to solving problems and conscientious fulfillment of obligations, which will increase the efficiency of community budgets and stabilize the social and economic situation of communities, regions and the country as a whole.

Assessment of the level of human capital development in the agricultural sector: indicators and their systematization

The paper presents a systematization of indicators of human capital development in the agrarian sector. Three groups of indicators have been identified that allow a comprehensive approach to the analysis of quantitative reproduction of human capital, i.e. social indicators, socio-economic indicators and indicators of development of migration processes. The authors consider human development index (HDI) as a tool for assessing the quality of human capital that characterizes the level of human capital development in different countries and regions of the world, as well as determine the peculiarities of its application, as well as limitations and assumptions of research results obtained with this tool. The criteria have been determined for evaluating the efficiency of strategy being implemented in the agrarian sector. They make it possible to assess the relationship, interdependence and impact of the strategy both on the development of individual components of human capital system and the economy of the Agro-Industrial Complex as a whole. It has been established that state development strategies should be assessed according to their social and economic efficiency.

ANALYSIS OF THE FACTORS OF INFLUENCE IS ON MANAGEMENT OF ENTERPRISE HUMAN CAPITAL

The article examines the theoretical approaches to the definition of human capital and theoretical approaches to human capital management. The process of identifying the abilities, knowledge and skills of individuals is one of the central tasks of human capital management. It is established that traditional management methods, including the processes of planning, hiring, evaluating, developing and motivating staff, aimed at its effective use and achieving the goals of the enterprise and employees, must meet modern trends in digital transformation. The article analyzes the influence of external (demographic situation, level of education, level of health care, cultural development) and internal factors (information development, personal investment in education) on the formation of human capital. The special influence of “artificial intelligence” on the formation of approaches to human capital management is revealed. There is an introduction of a new quality model of the current system of training and development of national culture, corporate culture, personal culture, in order to create a favorable economic climate. The control function should include determining the degree of efficiency of human capital use. It is determined that enterprises do not have a single system of indicators for assessing the quality of human capital, because it is impossible to give an objective assessment of the category of human capital. The individual is a rather complex central element of the economic population, so it is possible to analyze the deviation of the goals of the industry, enterprise, department, manager from the development strategy, goals, management. If raising the level of human capital helps to increase its capacity, it will undoubtedly affect the performance of delegated responsibilities and the effectiveness of the organization. Recommendations have been developed that will allow in the current conditions of human capital management to have a qualitative impact on increasing the competitiveness of enterprises, regardless of the size and volume of production.

CREATIVE ECONOMY AS THE MAIN DIRECTION OF FORMING A SOCIALLY ORIENTED ECONOMY

The new economy is based on the sphere of services, which are created by intellectual creative work. Key factors in this are knowledge, innovation, scientific achievements and technologies based on modern progressive post-industrial society. In this way, intellectual and creative work turns into the leading driving force of the new economy. The purpose of the work is to determine the key areas of development of the creative economy. As a result of the research, it was established that the creative economy includes hundreds of spheres of activity. Among them, in particular: television, fine arts, design, cinema, music, architecture, education, fashion, etc. This list can be continued endlessly, because human imagination has no limits. The creative economy depends on the creative activity of people and the innovativeness of their works, and not on natural resources, such as land, water, and subsoil. Thus, this industry does not cause such damage to the environment as it is caused by industrial enterprises or agricultural production. It is these sectors that primarily deplete renewable and non-renewable natural resources massively, and also pollute the environment. In Ukraine, the process of investing in creative industries is still far from the indicators of developed countries and is implemented through separate programs that stimulate people, mainly young people, to earn, activating intellectual potential (Start-up Fund, Diya City, loans 5-7-9, etc). The largest producer of added value in the creative economy sector in Ukraine is the IT sector, which accounts for 25% of the total added value. The largest share of IT technology exports is accounted for by computer services – almost 37%. In 2020, their income was 5 billion dollars, and in 2021 – 6.8 billion US dollars. Recently, the creative economy is closely intertwined with all areas of our life. It affects education, science, technical progress, determines the attractiveness of regions. In the processes of formation of the creative economy, the main resource is information, and the key assets are personnel and their non-standard, creative ideas. Thus, the main direction is to increase the quality of human capital. However, the development of this area also requires appropriate capital investments. Creative industries develop best in large cities, megacities, and highly developed countries. Therefore, in order to catch up with Germany or Great Britain, Ukraine needs to increase investments in this area. The scientific provisions regarding the systematization of the directions of the creative economy were further developed, and the volumes of the creative economy by sectors of the national economy were substantiated.