IDEAS home Printed from https://ideas.repec.org/a/bjz/ajisjr/2497.html
   My bibliography  Save this article

Transformation of Human Capital as a Driver of Innovative Economy

Author

Listed:
  • Renata Gimranova
  • Yerkara Aimagambetov
  • Karina Nevmatulina
  • Albina Garipova
  • Saule Mazhitova
  • Saltanat Kudaybergenova

Abstract

The purpose of this study was to identify key factors that have a significant impact on the level of high-tech production in the region and the development of human capital in seven countries of the Caucasus and Central Asia. A comprehensive literature analysis was carried out to achieve this goal, including data from several countries of the Caucasus and Central Asia, including demographic data, education levels, labor market indicators, health indicators, and research activities. The authors constructed a model of multiple spatial regression, including seven spatial objects and a 5-time series. A qualitative model of cumulative panel regression without signs of multicollinearity was obtained as a result of the step-by-step elimination of collinear and nonessential variables. The results of the study revealed three key factors that are closely and directly related to the level of production of high-tech products. Two relate to the education sector – "the number of university graduates in the field of science and technology", and "the number of researchers per 1 million inhabitants" and one indicator characterizes the labor market – "the employment level in the economy". The authors did not identify a close relationship between the level of high-tech production and economic factors, such as cost and productivity, which contradicts the results of other research and requires more careful study. The results of the research can be useful in the development of measures to promote human capital and innovation policy of the countries of the Caucasus and Central Asia.

Suggested Citation

  • Renata Gimranova & Yerkara Aimagambetov & Karina Nevmatulina & Albina Garipova & Saule Mazhitova & Saltanat Kudaybergenova, 2023. "Transformation of Human Capital as a Driver of Innovative Economy," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 12, November.
    • Handle: RePEc:bjz:ajisjr:2497
    DOI: https://doi.org/10.36941/ajis-2023-0164
    as

    Download full text from publisher

    File URL: https://www.richtmann.org/journal/index.php/ajis/article/view/13558
    Download Restriction: no
    File URL: https://www.richtmann.org/journal/index.php/ajis/article/view/13558/13126
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.36941/ajis-2023-0164?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. Vladimir Iontsev & Aminat Magomedova, 2015. "Demographic Aspects of Human Capital Development in Russia and Its Regions," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 89-102.
    2. Muhammad Asif Qureshi & Jawaid Ahmed Qureshi & Ammar Ahmed & Shahzad Qaiser & Ramsha Ali & Arshian Sharif, 2020. "The Dynamic Relationship Between Technology Innovation and Human Development in Technologically Advanced Countries: Fresh Insights from Quantiles-on-Quantile Approach," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 152(2), pages 555-580, November.
    3. Iontsev, V. A. & Magomedova, A. G., 2015. "Demographic aspects of the development of human capital in Russia and its regions," R-Economy, Ural Federal University, Graduate School of Economics and Management, vol. 1(3), pages 467-477.
    4. Sajjad Barkhordari & Maryam Fattahi & Naser Ali Azimi, 2019. "The Impact of Knowledge-Based Economy on Growth Performance: Evidence from MENA Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(3), pages 1168-1182, September.
    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. Alexander Subbotin & Samin Aref, 2021. "Brain drain and brain gain in Russia: Analyzing international migration of researchers by discipline using Scopus bibliometric data 1996–2020," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(9), pages 7875-7900, September.
    2. Shakhnoza Ganisherovna Akramova, 2016. "Demographic Trends And Human Capital Development In Uzbekistan," Working papers 2016-09-11, Voice of Research.
    3. Alexander Subbotin & Samin Aref, 2020. "Brain drain and brain gain in Russia: analyzing international mobility of researchers by discipline using Scopus bibliometric data 1996-2020," MPIDR Working Papers WP-2020-025, Max Planck Institute for Demographic Research, Rostock, Germany.
    4. Svetlana A. Sukneva & Inga V. Nikulkina, 2017. "Tax Mechanisms of Economic Development and the Improvement of Migration Situation in the Russian Arctic," International Journal of Economics and Financial Issues, Econjournals, vol. 7(1), pages 144-153.
    5. Fernando Almeida & Nelson Amoedo, 2021. "Exploring the association between R&D expenditure and the job quality in the European Union," Papers 2101.03214, arXiv.org.
    6. Mahmood Ahmad & Zahoor Ahmed & Xiyue Yang & Muhlis Can, 2023. "Natural Resources Depletion, Financial Risk, and Human Well-Being: What is the Role of Green Innovation and Economic Globalization?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 167(1), pages 269-288, June.
    7. Hoang, Dung Phuong & Chu, Lan Khanh & To, Trung Thanh, 2023. "How do economic policy uncertainty, geopolitical risk, and natural resources rents affect economic complexity? Evidence from advanced and emerging market economies," Resources Policy, Elsevier, vol. 85(PA).
    8. Jinhui Li & Gwang-Nam Rim & Chol-Ju An, 2023. "Comparative Study of Knowledge-Based Economic Strength Between China and the USA," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(4), pages 4256-4292, December.
    9. Bilan, Yuriy & Oliinyk, Olena & Mishchuk, Halyna & Skare, Marinko, 2023. "Impact of information and communications technology on the development and use of knowledge," Technological Forecasting and Social Change, Elsevier, vol. 191(C).
    10. Emara, Noha & El Said, Ayah, 2021. "Financial inclusion and economic growth: The role of governance in selected MENA countries," International Review of Economics & Finance, Elsevier, vol. 75(C), pages 34-54.
    11. Chalapud Narváez, Eduardo David, 2023. "La innovación tecnológica: una mirada desde la teoría económica," Revista Tendencias, Universidad de Narino, vol. 24(2), pages 170-196, July.
    12. Saeid Alaei & Seyed Hossein Razavi Hajiagha & Hannan Amoozad Mahdiraji & Jose Arturo Garza-Reyes, 2023. "Unveiling the role of sustainable supply chain drivers toward knowledge-based economy via a novel permutation approach: implications from an emerging economy," Operations Management Research, Springer, vol. 16(3), pages 1231-1250, September.
    13. Iwona Bąk & Katarzyna Wawrzyniak & Maciej Oesterreich, 2022. "Competitiveness of the Regions of the European Union in a Sustainable Knowledge-Based Economy," Sustainability, MDPI, vol. 14(7), pages 1-22, March.
    14. Vladimir Iontsev & Sergey Ryazantsev & Svetlana Iontseva, 2016. "Emigration from Russia: New Trends and Forms," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(2), pages 499-509.
    15. Voxi Heinrich Amavilah & Antonio Rodriguez Andres, 2022. "Knowledge Economy and the Economic Performance of African Countries: A Seemingly Unrelated and Recursive Approach," Working Papers 57, The German University in Cairo, Faculty of Management Technology.
    16. Noha Emara (a) and Loreto Reyes Rebolledo (b), 2021. "Economic Freedom and Economic Performance: Does Good Governance Matter? The Case of APAC and OECD Countries," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 46(1), pages 1-32, March.
    17. Yulia Gruzina & Irina Firsova & Wadim Strielkowski, 2021. "Dynamics of Human Capital Development in Economic Development Cycles," Economies, MDPI, vol. 9(2), pages 1-18, May.
    18. Tarek Ben Hassen, 2022. "A Transformative State in the Wake of COVID-19: What Is Needed to Enable Innovation, Entrepreneurship, and Education in Qatar?," Sustainability, MDPI, vol. 14(13), pages 1-24, June.
    19. Betul Can & Zahoor Ahmed & Mahmood Ahmad & Muhlis Can, 2022. "Do renewable energy consumption and green trade openness matter for human well-being? Empirical evidence from European Union countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 164(3), pages 1043-1059, December.
    20. Diana Toimbek, 2022. "Problems and Perspectives of Transition to the Knowledge-Based Economy in Kazakhstan," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(2), pages 1088-1125, June.

    More about this item

    Statistics

    Access and download statistics

    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:bjz:ajisjr:2497. 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: Richtmann Publishing Ltd (email available below). General contact details of provider: https://www.richtmann.org/journal/index.php/ajis .

    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.