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Assessment model for the Russian regions’ socio-economic development factors impact on the human potential building

TERRA ECONOMICUS, , Vol. 13 (no. 2),
p. 57-72

In the article, regression analysis is used to describethe model and provide an assessment of factors of the socio-economic development of Russian regions in 2012 that are most influentialin building human potential. According to the model, among the most important factors are: the number of students enrolled in the programs in initialvocational education per 10 000 population, the expenses of consolidated budgets of subjects of the Russian Federation for education, life expectancy, library stock per 1000 population, the total living area per 1 inhabitant, the expenses of consolidated budgets of subjects of the Russian Federation for social policy. Assessment of the factors confirms that to achieve the competitive advantage, investments are required in all the components of human capital. Development of an integrated strategy tobuild human potential will ensure the efficiency of investment in human capital.


Keywords: health capital; culture capital; education capital; social and economic situation in the Russian regions; human capital; human potential; methods of regression analysis

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Publisher: Southern Federal University
Founder: Southern Federal University
ISSN: 2073-6606