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ISSN : 2288-4637(Print)
ISSN : 2288-4645(Online)
The Journal of Asian Finance, Economics and Business Vol.6 No.1 pp.321-328

Methodology for Assessing the State of Human Capital in the Context of Innovative Development of the Economy: A Three-Level Approach

Zaure K. Chulanova1, Azimkhan A. Satybaldin2, Amanzhol K. Koshanov3
2 Professor, Institute of Economics of the Ministry of Education and Science of the Republic of Kazakhstan. E-mail:
3 Professor, Institute of Economics of the Ministry of Education and Science of the Republic of Kazakhstan, E-mail:
1 First Author and Corresponding Author. Chief Researcher, Institute of Economics of the Ministry of Education and Science; Professor, Al-Farabi Kazkh National University, Almaty, Kazakhstan. [Postal Address: 29 Kurmangazy Street, Almaty, 050010, Republic of Kazakhstan] E-mail:
December 1, 2018 January 2, 2019 January 10, 2019


The purpose of the study is to analyze the main approaches to assessing human capital and develop proposals for its most objective assessment of it at the different levels of manifestation - individual, microeconomic and macroeconomic. The article considers the basic approaches to the evaluation of human capital, used in practice: retrospective (costly) and prospective (income based). Cost based methods involve measuring the value of human capital based on the total costs associated with its formation. The proposed additional evaluation criteria, in particular, the use of the expert approach and the developed indicators of a qualitative assessment of the human capital of the enterprise will allow development that is more efficient and use of available human resources. Human capital is becoming a major factor in the formation and development of an innovative economy and knowledge economy. Accordingly, the proposed additions to the assessment of human capital at the country level are aimed at assessing it from a new angle, taking into account the current global trends in the formation of an innovative economy and digitalization. They meet qualitatively new requirements for human capital as the main productive factor in the creation of new highly efficient technologies that promote the active development of the social sphere, science, education, health, etc.

JEL Classification Codes: E24, J24.






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