HUMAN CAPITAL AND ECONOMIC DEVELOPMENT: BELARUS AND NEIGHBOR COUNTRIES-Reference-Cited by-同舟云学术

HUMAN CAPITAL AND ECONOMIC DEVELOPMENT: BELARUS AND NEIGHBOR COUNTRIES

Published:2022-09-15 Issue:16 Volume: Page:177-185
ISSN:2309-6667
Container-title:Экономическая наука сегодня
language:ru
Short-container-title:

Author:

Shebeko K.¹,Groshev V.²,Shabeka. D.³

Affiliation:

1. Belarusian State Technological University

2. Saint Petersburg State University of Economics

3. JSC «Deloitte & Touche CIS»

Abstract

Based on the synthesis of cardinalist and ordinalist approaches to measuring economic processes and phenomena and based on the data of 167 countries for 2020 year, we performed the analysis of the relationship between the indicator of GDP per capita, PPP (current international $) and the human capital index. The results of the analysis show that Belarus and Ukraine have higher potential for economic development in comparison with other analyzed countries due to the accumulated level of human capital. Ceteris paribus, due to the accumulated level of human capital in these two countries, it is possible to increase GDP per capita at PPP in current prices in international dollars by 89,4 % and 127,4 %, respectively.

Publisher

Belarusian National Technical University

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