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The latest transition of manufacturing agricultural production as a result of a unique generation of human capital in new economic conditions

Author

Listed:
  • Inna Gennadievna Kuznetsova

    (Novosibirsk State Agrarian University, Russian Federation)

  • Hilary Izuchukwu Okagbue

    (Covenant University, Nigeria)

  • Alla Borisovna Plisova

    (Russian Technological University, Russian Federation)

  • Elena Evgenyevna Noeva

    (North-Eastern Federal University, Russian Federation)

  • Mariya Vladimirovna Mikhailova

    (I.M. Sechenov First Moscow State Medical University, Russian Federation)

  • Galina Vladimirovna Meshkova

    (Bauman Moscow State Technical University, Russian Federation)

Abstract

This paper studies problems in human capital formation at the present stage of World economic development. The authors conduct a correlation and regression analysis of the dependence of financial indicators of agricultural organizations and enterprises with workers’ qualifications. The results suggest that the qualifications of workers significantly affect the financial stability of agricultural enterprises, and that state authorities and businesses often fail to place sufficient emphasis on improving the qualification level of employees. The study shows that the degree of acceleration of human capital of employees affects cost efficiency, net profit, gross revenue, and other resulting indicators. The following methods were used in the research: monographic, statistical-economic, and correlation and regression analysis.

Suggested Citation

  • Inna Gennadievna Kuznetsova & Hilary Izuchukwu Okagbue & Alla Borisovna Plisova & Elena Evgenyevna Noeva & Mariya Vladimirovna Mikhailova & Galina Vladimirovna Meshkova, 2020. "The latest transition of manufacturing agricultural production as a result of a unique generation of human capital in new economic conditions," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(1), pages 929-944, September.
    • Handle: RePEc:ssi:jouesi:v:8:y:2020:i:1:p:929-944
    DOI: 10.9770/jesi.2020.8.1(62)
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    References listed on IDEAS

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    More about this item

    Keywords

    human capital; resulting indicator; cost efficiency; net profit; revenue; profitability;
    All these keywords.

    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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