IDEAS home Printed from https://ideas.repec.org/a/baq/taprar/v4y2023i4p33-39.html
   My bibliography  Save this article

Analytics of the human capital of industrial enterprises in conditions of digitalization of economics

Author

Listed:
  • Zhanna Chernousova

    (National Technical University of Ukraine «Igor Sikorsky Kyiv Polytechnic Institute»)

  • Viktoriia Melnychuk

    (National Technical University of Ukraine «Igor Sikorsky Kyiv Polytechnic Institute»)

Abstract

The object of research is the development of human capital of machine-building enterprises in the direction of increasing the level of their digital competencies. The links between the indicators of financial and economic activity of the enterprise and the rate of economic growth are studied, since digital technologies allow increasing labour efficiency and creating new added value. It has been found that the economic growth rate of an enterprise that implements digital technologies is higher than the growth rate of an enterprise that does not implement digital technologies. The article proposes a model of economic growth at the enterprise level, based on the concept of human capital, as well as measures that can be implemented by machine-building enterprises to improve their digital competencies. It is established that the cost of human capital at the selected enterprises is characterized by a significant level of underestimation, and it is found that the change in the cost of human capital correlates with the factors selected for analysis, which are to some extent related to the digitalization of processes at the enterprise. Several recommendations have been developed to improve the value and efficiency of human capital, create new added value and ensure economic growth. Those recommendationscan be aimed at strengthening fixed assets, increasing demand through assortment changes towards automation and digitalization of processes, production, product, digital reorganization, as well as attracting IT professionals and specialists. Digitalization of products and processes can help to increase labor productivity, increase the number of potential customers and, possibly, investors, thereby strengthening capital equipment. The article notes that digitalization today means competitiveness in the domestic and foreign markets, strengthening of the company's position in the economic environment and transition to a balanced enterprise development strategy where the value of human capital will be higher, and as a result, labor productivity will increase.

Suggested Citation

  • Zhanna Chernousova & Viktoriia Melnychuk, 2023. "Analytics of the human capital of industrial enterprises in conditions of digitalization of economics," Technology audit and production reserves, PC TECHNOLOGY CENTER, vol. 4(4(72)), pages 33-39, July.
    • Handle: RePEc:baq:taprar:v:4:y:2023:i:4:p:33-39
    DOI: 10.15587/2706-5448.2023.286625
    as

    Download full text from publisher

    File URL: https://journals.uran.ua/tarp/article/download/286625/280672
    Download Restriction: no
    File URL: https://libkey.io/10.15587/2706-5448.2023.286625?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. T. W. Swan, 1956. "ECONOMIC GROWTH and CAPITAL ACCUMULATION," The Economic Record, The Economic Society of Australia, vol. 32(2), pages 334-361, November.
    3. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    4. Rebelo, Sergio, 1991. "Long-Run Policy Analysis and Long-Run Growth," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 500-521, June.
    5. Jacob Mincer, 1991. "Human Capital, Technology, and the Wage Structure: What Do Time Series Show?," NBER Working Papers 3581, National Bureau of Economic Research, Inc.
    6. Gemmell, Norman, 1995. "Endogenous Growth, the Solow Model and Human Capital," Economic Change and Restructuring, Springer, vol. 28(2-3), pages 169-183.
    7. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Amavilah, Voxi Heinrich, 2014. "Knowledge = Technology + Human Capital and the Lucas and Romer Production Functions," MPRA Paper 58847, University Library of Munich, Germany.
    2. Aykut Kibritçioglu, 2002. "On the Smithian origins of "new" trade and growth theories," Economics Bulletin, AccessEcon, vol. 2(1), pages 1-15.
    3. Matthias Firgo & Peter Mayerhofer, 2015. "Wissens-Spillovers und regionale Entwicklung - welche strukturpolitische Ausrichtung optimiert des Wachstum?," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 144, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.
    4. Amal MATALLAH & Amal MATALLAH, 2017. "Does fiscal policy spur economic growth? Empirical evidence from Algeria," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(3(612), A), pages 125-146, Autumn.
    5. Diana Dimitrova, 2018. "The 2018 Nobel Prize in Economics," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 98-152.
    6. Shuhei Aoki & Julen Esteban-Pretel & Tetsuji Okazaki & Yasuyuki Sawada, 2010. "The Role of the Government in Facilitating TFP Growth during Japan’s Rapid-growth Era," Palgrave Macmillan Books, in: Keijiro Otsuka & Kaliappa Kalirajan (ed.), Community, Market and State in Development, chapter 4, pages 21-44, Palgrave Macmillan.
    7. Turnovsky, S., 2000. "Growth in an Open Economy: some Recent Developments," Papers 5, Warwick - Development Economics Research Centre.
    8. Mariusz Próchniak & Bartosz Witkowski, 2006. "Modelowanie realnej konwergencji w skali międzynarodowej," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 10, pages 1-31.
    9. Sefa Awaworyi Churchill & Mehmet Ugur & Siew Ling Yew, 2017. "Does Government Size Affect Per-Capita Income Growth? A Hierarchical Meta-Regression Analysis," The Economic Record, The Economic Society of Australia, vol. 93(300), pages 142-171, March.
    10. Elvis Dze Achuo & Tii N. Nchofoung & Simplice A. Asongu & Gildas Dohba Dinga, 2021. "Unravelling the Mysteries of Underdevelopment in Africa," Research Africa Network Working Papers 21/073, Research Africa Network (RAN).
    11. Xavier Sala-i-Martin, 1990. "Lecture Notes on Economic Growth(I): Introduction to the Literature and Neoclassical Models," NBER Working Papers 3563, National Bureau of Economic Research, Inc.
    12. Ikonen, Pasi, 2010. "Effect of finance on growth through more efficient utilization of technological innovations," Bank of Finland Research Discussion Papers 21/2010, Bank of Finland.
    13. Sedat Alataş & Erkam Sarı, 2021. "An Empirical Investigation on Regional Disparities in Public Expenditures: Province Level Evidence from Turkey," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 158(1), pages 217-240, November.
    14. Justin Yifu Lin & Pengfei Zhang, 2007. "Development Strategy, Optimal Industrial Structure and Economic Growth in Less Developed Countries," Development Economics Working Papers 22710, East Asian Bureau of Economic Research.
    15. repec:ebl:ecbull:v:2:y:2002:i:1:p:1-15 is not listed on IDEAS
    16. Robert J. Barro, 2013. "Health and Economic Growth," Annals of Economics and Finance, Society for AEF, vol. 14(2), pages 329-366, November.
    17. Kümmel, Reiner & Lindenberger, Dietmar & Weiser, Florian, 2015. "The economic power of energy and the need to integrate it with energy policy," Energy Policy, Elsevier, vol. 86(C), pages 833-843.
    18. Delano S Villanueva & Roberto S Mariano & Diwa C Guinigundo & Abbas Mirakhor, 2023. "A Modified Neoclassical Growth Model with Endogenous Labor Participation," World Scientific Book Chapters, in: Economic Adjustment and Growth Theory and Practice, chapter 3, pages 44-64, World Scientific Publishing Co. Pte. Ltd..
    19. Warr, Benjamin & Ayres, Robert U., 2012. "Useful work and information as drivers of economic growth," Ecological Economics, Elsevier, vol. 73(C), pages 93-102.
    20. Ayres, Robert U, 2001. "The minimum complexity of endogenous growth models:," Energy, Elsevier, vol. 26(9), pages 817-838.
    21. Singh, Tarlok, 2010. "Does domestic saving cause economic growth? A time-series evidence from India," Journal of Policy Modeling, Elsevier, vol. 32(2), pages 231-253, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:baq:taprar:v:4:y:2023:i:4:p:33-39. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Iryna Prudius (email available below). General contact details of provider: https://journals.uran.ua/tarp/issue/archive .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.