Efficiency of Investments in Human Capital of Region Agrarian Areas in its Extended Reproduction System

Issue № 1, 2022, article № 11, pages 85-89

Section: Competition of young authors

Language: Russian

Original language title: ЭФФЕКТИВНОСТЬ ВЛОЖЕНИЙ В ЧЕЛОВЕЧЕСКИЙ КАПИТАЛ АГРАРНОЙ СФЕРЫ РЕГИОНА В СИСТЕМЕ ЕГО РАСШИРЕННОГО ВОСПРОИЗВОДСТВА

Keywords: AGRICULTURAL PRODUCTION, HUMAN CAPITAL, EFFICIENCY ASSESSMENT, REPRODUCTION PHASES, AGRO-INDUSTRIAL COMPLEX, EFFICIENCY, PAYBACK PERIOD, LIFE CYCLE

Abstract: The article proposes an author's methodology for assessing the effectiveness of investments in human capital in agricultural production. The calculation of this indicator is necessary to determine the type of reproduction of human capital: simple, narrowed and expanded. In modern economic conditions, efficient agricultural production is possible only with an expanded type of reproduction of human capital, when it is constantly improved and new properties are acquired. This raises the problem of quantifying the type of reproduction of human capital that is, assessing the effectiveness of investments in human capital. If investments exceed the return on human capital, then the narrowed reproduction, if they correspond, is then simple, and if less, then expanded. The article proposes to use the method of investment analysis as a methodological basis for such an assessment, since the process of reproduction of human capital is an investment activity that represents the process of investing funds (public and private) in a person (future employee of the industry) in order to obtain a further return on it in the form of profit, tax revenues, etc.

Authors: Koval Sergei Vitalevich