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The role of human capital in the development of an efficient economy


Georgy Kachalov
(about the author)

Kachalov Georgy V. – Postgraduate, Chair of Political Economy, Department of Economics (Lomonosov Moscow State University)

Published in:
Creative Economy
– Volume 9, Number 2 (2015)



Keywords: human capital, institutional environment


Citation:
Georgy Kachalov (2015). The role of human capital in the development of an efficient economy. Creative Economy, 9(2), 149-160. doi: 10.18334/ce.9.2.115


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Abstract:

The author analyzes the interdependence of national economy efficiency, state efficiency, and human potential development. He comes to a conclusion that the main priorities of a state policy aimed at the establishment and development of an efficient economy, are reduced to creating conditions for 1) a balanced distribution of human capital among the branches of the economy; 2) stimulation of the human capital accumulation within each industry, including the stimulation through its self-accumulation.








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