Measuring human capital: methodological framework for assessing competitiveness and economic development

Abstract

This article focused on the relationship between human capital (HC) and
competitiveness in Russia. The study examined (1) the impact of investments in knowledgeintensive
industries on the socio-economic development; (2) the impact of the share of
employees; (3) the impact of religious factors on HC; and (4) the problems of forming H at innovative enterprises. At the national level, the investments in knowledge-intensive
industries exert no effect on the country’s socio-economic development. The GDP growth
was proved to be directly related to the people’s desire to improve their qualifications. The
impact of cultural, educational, and health factors differ across regions.

JEL Classification: E24; J24; O15.