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ИД «Финансы и кредит»






National Interests: Priorities and Security

Analyzing the dynamics of Human Capital Index in Russia

Vol. 17, Iss. 5, MAY 2021

Received: 22 October 2020

Received in revised form: 20 November 2020

Accepted: 15 December 2020

Available online: 14 May 2021


JEL Classification: J24, J41, O15

Pages: 865–891


Valerii V. SMIRNOV I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation


Subject. The article discusses human capital.
Objectives. I determine what shapes the dynamics of Russia’s human capital index.
Methods. The study is based on the systems approach and methods of statistical, cluster and neural network analysis.
Results. I investigate how the Russian economy may hit the limit of its further evolution, which makes the analysis of HCI dynamics important. Having studies trends in HCI components, I found the special priority of governmental policy. Having analyzed the evolution of the Russian educational system, I discovered it got feminized, which reshapes principles for the modern society to originate. The Russian education system was found to follow a negative path of its development, as there are fewer preschoolers of minor and senior age, and governmental spending on education significantly shrinks. Basically, as the State policy prioritized the survival of male children under 5, but subsequently neglects their growth in the Russian education system, with its obvious feminization tendency, the gender imbalance, low competitiveness in the global scientific and educational arena aggravate.
Conclusions and Relevance. Pursuing the increment in added value as a result of employing unprofessional workforce and the pay level, which is insufficient for its natural reproduction, the development of the Russian economy stalls. The economy of knowledge is believed to change the situation, which can be assessed with HCI. The study reveals what spurs and inhibits the dynamics of HCI in Russia. The findings make the necessary amount of public authorities’ competence to make administrative decisions on the effective increment in human capital in Russia today.

Keywords: dynamics, healthcare, Human Capital Index, components, education


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