Modeling the development of human capital in the institutional environment for ensuring the competitiveness of the national economy

Kolomiiets Victoriia
Candidate of Еconomic Sciences, Assistant Professor, Dnipro national university of Railway Transport. E-mail:vik2005vik@meta.ua

Cite this article:

Kolomiiets V., (2019) Modeling the development of human capital in the institutional environment for ensuring the competitiveness of the national economy. Ed.: М.D. Baldzhy (ed.-in-ch.) and others [Systema pensiinoho zabezpechennia Ukrainy ta yevrointehratsiini protsesy; za red.: М. D. Baldzhy (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 2(265), pp. 99-113.

Abstract

The training of highly developed human capital is becoming increasingly urgent as it is an objective condition for the development of the national economy by providing additional competitive advantages to it. The processes of active institutionalization of all spheres of society, institutional transformations that determine the development of Ukraine at the present stage, determine the vector of change in the country. One of the means of ensuring the competitiveness of the national economy can be the development of a new direction - modeling the development of human capital in the institutional environment. The objectives of the study were modeling the development of human capital in the institutional environment of the national economy, and, in particular, developing a model for choosing a strategy for human capital development based on the formation of a system of conditions and features of human capital training. The modeling of human capital development in the institutional environment was carried out; the model of the choice of the strategy of human capital development was developed, which included the definition of a competitive strategy, analysis of key factors in choosing a strategy for human capital development, the choice of the strategy for human capital development, and the establishment of a list of measures based on the results of the impact on the object. The model proposes a selection of the list of current measures for the development of human capital and the improvement of their application indicators, depending on two groups of factors: the level of economic development and the level of competitiveness of human capital. The proposed model of choosing a strategy for the development of human capital in the institutional environment will allow us to choose the right strategy for the development of human capital, to take into account the features and conditions of its preparation. The multitude of ways of developing human capital involves the development of other models, which focuses on further author research.

Keywords

human capital, institutional environment, national economy, modeling of development, model of choice, development strategies.

JEL classification: E 100, E 140, E 240; DOI: 10.32680/2409-9260-2019-2-265-99-113

UD classification: 330.341.2:331.101.262

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