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Region: Economics and Sociology

2022 year, number 1


M.N. Kuznetsova
Northern (Arctic) Federal University named after M.V. Lomonosov, Arkhangelsk, Russia
Keywords: human capital, factors, population, quality of life, employment, unemployment, safety, calculation method, regional economy


The article provides an overview of interpretations of the concept of human capital suggested by international and Russian researchers. There is no consensus about human capital, which leads to numerous approaches to its measuring and assessing and requires further discussion since the issue is complex and multifaceted. The problem posed and the subject of our research require that it is necessary to supplement and expand the toolkit to improve the quality assessment of the indicator under study. The paper uses an indicator method for assessing the level of human capital. We use the following factors as indicators: population, health, the standard of living, employment, living conditions, education, safety, and ecology. Each factor includes a specific list of indicators. The article interprets the values of the human capital level and introduces a new term, “criterion for assessing the quality of human capital level." As a database for analyzing and assessing the level of human capital, we rely on regional statistical information. The research testing ground is Arkhangelsk Oblast, along with the Nenets Autonomous Okrug and the Northwestern Federal District regions. The results of this study may help regional bodies in charge of territorial development and be of use in designing strategies for the development of Russia’s constituent entities.