Patterns of Human Capital Formation

Aliaksandr Hrydziushka

Belarussian State Agricultural Academy
https://orcid.org/0000-0002-7825-169X

Andrei Hrybau

Grodno State Agrarian University
https://orcid.org/0000-0001-6459-5806

Vasili Kulakou

Jan Kochanowski University of Kielce, NAWA
https://orcid.org/0000-0003-1513-5170


Abstract

The main goal of the article is to identify the basic patterns of the formation of human capital (HC). An especially valuable and scarce resource of the modern economy is becoming a creative skilled worker capable of generating ideas, as well as creating and implementing new technological solutions and products.

The development of the economy leads to significant transformations in the generation of resource potential, and changes in the role of individual resources. Human capital begins to play a dominant role in the resource hierarchy. It is the HC that sets in motion the production processes and determines the efficiency of using the entire resource potential.

The methods of aspect analysis and of apperception used in this study made it possible to identify modern patterns peculiar to the formation of human capital in the economy, and to emphasize its objective importance and ability to significantly influence the development of society.

During the research, the authors proved that human capital acquires the status of the main resource in the economy, the quantitative characteristics of the workforce capacity give way to the role of qualitative characteristics, and the development of STP requires a new employee formation to dominate the intellectual component.


Keywords:

human capital, resource potential, science, education, economic development, investment, labor market

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Published
2021-11-30

Cited by

Hrydziushka, A., Hrybau, A., & Kulakou, V. (2021). Patterns of Human Capital Formation. Olsztyn Economic Journal, 16(1), 5–16. https://doi.org/10.31648/oej.7302

Aliaksandr Hrydziushka 
Belarussian State Agricultural Academy
https://orcid.org/0000-0002-7825-169X
Andrei Hrybau 
Grodno State Agrarian University
https://orcid.org/0000-0001-6459-5806
Vasili Kulakou 
Jan Kochanowski University of Kielce, NAWA
https://orcid.org/0000-0003-1513-5170



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