Journal Search Engine
Search Advanced Search Adode Reader(link)
Download PDF Export Citaion korean bibliography PMC previewer
ISSN : 2288-4637(Print)
ISSN : 2288-4645(Online)
The Journal of Asian Finance, Economics and Business Vol.6 No.1 pp.321-328
DOI : http://doi.org/10.13106/jafeb.2019.vol6.no1.321

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: ieconomkz@gmail.com
3 Professor, Institute of Economics of the Ministry of Education and Science of the Republic of Kazakhstan, E-mail: ieconomkz@gmail.com
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: zaure.ch@mail.ru
December 1, 2018 January 2, 2019 January 10, 2019

Abstract

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.

초록


 

Figure

Table

Reference

  1. Armstrong, M. (2011). Armstrong’s handbook of human resource management practice. London, England: Kogan Page.
  2. Becker, G. S. (1993). Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education. Chicago, IL: University of Chicago Press.
  3. Becker, G. S. (1980). Investment in Human Capital: Effects on Earnings. New York, NY: Colombia University Press.
  4. Charlwood, A., Stuart, M., & Trusson, C. (2017). Human capital metrics and analytics: assessing the evidence of the value and impact of people data. London, England: Chartered Institute of Personnel and Development.
  5. Chulanova, Z. (2008). The role of human capital as a tool to ensure a country competitiveness in the context of globalization. Analytic, 6(54), 18-32.
  6. Chulanova, Z., & Ussenova, A. (2015). Human Capital and Methodic of Determination of Its Cost: A Case of Kazakhstan. Journal of Asian Finance, Economics and Business, 2(2), 19-25.
  7. Dnishev, F. M., Alzhanova, F. G., & Alibekova, G. Z. (2015). Innovative Development of Kazakhstan on the Basis of Triple Helix and Cluster Approach, Economy of Region, 1(2), 160-171.
  8. Engel, E. (1881). Des Rechnungsbuch der Hausfrau und seine Bedeutung im Wirtschaftsleben der Nation. Retrieved May 29, 2018, from http://www.litigationanalytics.com/history.html.
  9. Houghton, E. (2017). Human capital analytics and reporting: exploring theory and evidence. London, England: Chartered Institute of Personnel and Development.
  10. Farr, W. (1853). Equitable Taxation of Property. A Brief History of Human Capital. Retrieved July 12, 2017, from http://www.litigationanalytics.com/history.html
  11. Gonin, D. V. (2017). A Modern Approach to Assessing Human Capital in the Public Service. Management Consulting, 5(20), 20-29.
  12. Friedman, M. (1999). Two Lucky People: Memoirs. Chicago, IL: University of Chicago Press.
  13. Kapelyushnikov, R. I. (2012). How much is the human capital of Russia? Moscow, Russia: Higher school of Economics.
  14. Kassaeva T., & Bondarskaya T. (2014). Creative human capital as the driving force of the modern economy. Bulletin of the Tambov University. Series: Humanities, 2(130), 51-56.
  15. Kendrick, J. W. (1974). The accounting treatment of human investment and capital. Income and Wealth, 20(4), 439-468.
  16. Kireyeva, A. A., Abilkayir, N. A., & Tsoy, A. A. (2018), A Study on the Distribution of Information and High Technology Clusters: Kazakhstan’s Experience. Journal of Distribution Science, 16(4), 5-15.
  17. Kireyeva, A. A, Mussabalina, D. S., & Tolysbaev, B. S. (2018). Assessment and Identification of the Possibility for Creating IT Clusters in Kazakhstan regions. Economy of Region, 14(2), 463-473.
  18. Klugman, J., Rodríguez, F., & Choi, H.-J. (2011). The HDI 2010: new controversies, old critiques. Economic Inequality, 9(2), 249–288.
  19. Le, T., Gibson, J., & Oxley, L. A. (2002). Forward Looking Measure of the Stock of Human Capital in New Zealand. Paper presented at the NZAE conference. Retrieved July 15, 2017, from www.econorus.org/publication/228272757.
  20. Mayo, A. (2016). Human resources or human capital: managing people as assets. New York, NY: Routledge.
  21. Milner, B. (1958). Investment in Human Capital and Personal Income Distribution. The book on demand. Retrieved May 29, 2018, from https://www.researchgate.net/publication/228272397.
  22. Petty, U. (1691). Economic and statistical work. The book on demand. Retrieved May 29, 2015, from https://www.researchgate.net/publication/228272397.
  23. Putens, K. (2012). Human resources and human capital: the differences and interdependencies (and why companies need both). Retrieved July 18, 2016, from, http://www.informationexperts.com/human-resources-human-capital-the-differences-andinterdependencies-and-why-companies-need-both/
  24. Sen, A. (2016). The idea of justice. Moscow, Russia: Publishing house of the Gaidar Institute.
  25. Schultz, T. W. (1971). Investment in Human Capital: The Role of Education and of Research, New York, NY: Free Press.
  26. Shishkov, Y. (2002). Demographic perspectives of the world community. Reflections on the future. Moscow. Global World.
  27. Stiglitz, J. (2004). The human face of globalization. Scientific digital library Portalus. Retrieved October 28, 2015, from http://portalus.ru/modules/ruseconomics/rus_readme.php?subaction=showfull&id=1130509724&archive=1254312998&start_from=&ucat=&
  28. World Bank (2006). Where is the Wealth of nations? Measuring capital for the 21st Century. Washington, DC: World Bank.
  29. Thurow, L. C. (1970). Investment in Human Capital. Wadsworth Series in Labor Economics and Industrial Relations, 3(37), 3-145.
  30. United Nations Development Programme (2018). Human Development Report. Retrieved May 29, 2018, from http://hdr.undp.org/sites/default/files/reports/2843/978-92-1-126436-4_web.pdf.