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Human Capital for Sustainable Regional Development

Author

Listed:
  • Alexei O. Verenikin
  • Anna Y. Verenikina
  • John T. Finley
  • Khanifa V. Tyrkba
  • Maria V. Melanina

Abstract

The research aimed at the construction of the ranking of the human capital index in the regions of the Russian Federation based on the available data on the significant factors of sustainable development. Based on the premise that the components of the Human Capital Index calculated by the World Bank coincide with the Sustainable Development Goals from Agenda 2030 “Transforming our world”, the authors construct a Regional Rating of Human Capital Development in Russia using measurable indicators for 85 Russian regions for Targets 3 and 4 from National Sustainable Development Goals Indicator Set. The indicators were grouped into three pillars (subsets): Health, Education and Living standard, each pillar consisting of 2-4 sub-pillars and 2-6 indicators. All data for the indicator’s calculation is taken from official statistics. No expert assessment is used. The research methodology is based on generalized modified principal component analysis (GMPCA), verified by the authors' previous research. The study reflects an integrated approach to assessing the efforts of Russian regional authorities in human capital development. The research lays the foundation for regular analysis of the rating and dynamics of its components in the Russian regions, which will allow for an assessment of the current state and potential of human capital development in Russian regions and can serve to improve regional socio-economic policy.

Suggested Citation

  • Alexei O. Verenikin & Anna Y. Verenikina & John T. Finley & Khanifa V. Tyrkba & Maria V. Melanina, 2023. "Human Capital for Sustainable Regional Development," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 54-69.
    • Handle: RePEc:bas:econst:y:2023:i:4:p:54-69
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    References listed on IDEAS

    as
    1. Doukas, Haris & Papadopoulou, Alexandra & Savvakis, Nikolaos & Tsoutsos, Theocharis & Psarras, John, 2012. "Assessing energy sustainability of rural communities using Principal Component Analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(4), pages 1949-1957.
    2. World Bank, 2019. "World Development Report 2019 [Rapport sur le développement dans le monde 2019]," World Bank Publications - Books, The World Bank Group, number 30435, December.
    3. Chia-Chen Yang & Shang-Ling Ou & Li-Chang Hsu, 2019. "A Hybrid Multi-Criteria Decision-Making Model for Evaluating Companies’ Green Credit Rating," Sustainability, MDPI, vol. 11(6), pages 1-23, March.
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    More about this item

    JEL classification:

    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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