ASSESSMENT OF INFLUENCE OF HUMAN CAPITAL ON VOLUMES OF INVESTMENTS IN MAJOR CAPITAL IN RUSSIAN REGIONS
https://doi.org/10.32324/2412-8945-2020-1-44-53
Abstract
This paper explores the relationship between the accumulation of human capital in the regions of Russia and the volume of foreign direct investment, as well as the volume of domestic investment in fixed capital. This topic is little studied in Russian economic literature, although it is actively discussed by modern economists in other countries. The hypothesis about the existence of a positive relationship between the accumulation of physical and human capital in the Russian economy is tested. The apparatus of production functions, correlation and regression analysis are used to statistically check the degree of influence of human capital on the intensity of investments, both domestic and foreign. To measure human capital, both natural and monetary measures were used. The presence of a positive, stable and statistically significant relationship between the human capital accumulated in the regions and the intensity of investment processes is shown. A negative relationship between the density of employment and the volume of investment in fixed assets of the Russian regions was also revealed.
About the Authors
I. N. Karelin
Новосибирский государственный технический университет
Russian Federation
Russian Federation
A. V. Koritsky
Новосибирский государственный технический университет
Russian Federation
Russian Federation
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Review
For citations:
Karelin I.N., Koritsky A.V. ASSESSMENT OF INFLUENCE OF HUMAN CAPITAL ON VOLUMES OF INVESTMENTS IN MAJOR CAPITAL IN RUSSIAN REGIONS. Territory Development. 2020;(1):44-53. (In Russ.) https://doi.org/10.32324/2412-8945-2020-1-44-53
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