Competitiveness Of Human Capital Of Youth: Determinants And Evaluation Model
Year: 2019
Type: conference-paper
Abstract: Increment of human capital and increase in its competitiveness become the determining direction, characterizing the viability of economy and ensuring high standard of living in the country and a leading place in the world economic system. Global trends in economic development of a post-industrial type convincingly prove that competitiveness formation of the human capital of youth is one of the most pressing challenges facing modern economy. The basis for the formation and development of competitiveness concepts of the human capital youth is research aimed at studying and justification of the structural and substantive basis of competitiveness. The toolkit for evaluating the competitiveness of most existing approaches and the used linear dependence of quantitative values of the competitiveness components and the resulting value do not fully reflect the actual level of competitiveness. In this regard, the article substantiates the need to expand theoretical and applied approaches to the evaluation of the competitiveness level of the human capital of youth, regarding the strategies of youth behavior on labor market. The determinants of competitiveness of the human capital of youth are identified and their relevance to market demand is determined. A mathematical model assuming the calculation of the competitiveness indicator is proposed. In the course of the study, profiles of young specialists, including the development degree of each variable and the resulting value - competitiveness indicator are obtained. The advantages of using the proposed model for evaluating the competitiveness level of the human capital of youth are defined.
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W2997895481