Theoretical aspects of human capital formation through human potential migration redistribution and investment process
Abstract
Our research is devoted to the investigation of theoretical aspects of human capital formation through human potential migration redistribution and investment process. This topic was chosen because in the modern conditions human potential development becomes one of basic factors of the competitiveness and economic growing of countries. Migration redistribution becomes an effective mean of indemnification of human potential losses, gives additional possibilities to its development financing, quantitative increase and additional innovative changes in the context of information society and knowledge-based economy development. The detailed analysis of the human potential development and implementation on the global labor market, the emergence of the migration cycle, and process of human potential transformation to capital that is able to provide the socio-economic and individual effects receiving was conducted in the article. Results of this study have theoretical and practical significance. They can be used as a basis for further scientific studies in this field and can be used by state institution in the direction of strategic management of human resources through the human potential migration redistribution and investment process that implies expansion of investment instruments, market infrastructure subjects development all this may provide the reception of material or status effects as a result of human potential capitalization in the labour market.
Keyword : human potential, migration, human capital, investments, information society development
How to Cite
Podra, O., Kurii, L., Alkema, V., Levkiv, H., & Dorosh, O. (2020). Theoretical aspects of human capital formation through human potential migration redistribution and investment process. Business: Theory and Practice, 21(1), 71-82. https://doi.org/10.3846/btp.2020.11197
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
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Simon, J. (1990). Population matters: people, resources, environment, immigration. New Brunswick, New Jersey: Transaction Press.
Solow, R. M. (1990). The labor market as a social institution. Blackwell.
Stark, O. (1991). The migration of labour. Cambridge: Basil Blackwell.
Taylor, J. (1996). International migration and economic development: a micro economy-wide analysis. Development strategy, employment and migration: insights from models. Paris: Organization for Economic Cooperation and Development.
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Thurow, L. C. (1970). Investment in human capital. Wadsworth series in labor economics and industrial relations. California, Belmont: Wadsworth Publishing Company, Inc.
Vovkanych, S., & Semiv, L. (2007). Theoretical and methodological foundations of the study of human and intellectual capital in knowledge-intensive economy: conceptualization of concepts. Regional Economics, (4), 7–18.
Walmsley, T., & Winters, L. (2000). Relaxing the restrictions on the temporary movements of natural persons: a simulation analysis (Discussion Paper No. 3719). London: Centre for Economic Policy Research.
Zakharova, O. V. (2010). Managing investment in human capital: methodology, evaluation, planning: monograph (378 p.). Donetsk: DVNZ DonNTU.
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Agunias. (2016). Circular migration and development: trends, policy routes, and ways forward. Migration Policy Institute. http://www.migrationpolicy.org/pubs/MigDevPB_041807.pdf
Azhazha, M. A. (2008). Intellectualization of the economy: innovation and human potential in the conditions of globalization. Problems of Economics and Management (pp. 11–17). Lviv: Lviv Polytechnics, National University.
Becker, G. (1993). Human capital: theoretical and empirical analysis, with special reference to education (3rd ed.). University of Chicago Press. https://doi.org/10.7208/chicago/9780226041223.001.0001
Bell, D. (1999). The coming of post-industrial society: a venture in social forecasting (507 p.). Publisher: Basic books, Perseus Book Group.
Bhagwati, J. (1998). A stream of windows: Unsettling reflections on trade, immigration, and democracy. Cambridge, Mass: MIT Press.
Bohning, W. (1977). Compensating countries of origin for the out-migration of their people. World Employment Programme, Working paper. Geneva: ILO.
Capitalism, Short-terminism, Population and the Destruction of the Planet – A Report to the Club of Rome. (2018). http://fil-ipmalinowski.net/Club_Of_Rome-report-2018_ComeOn.pdf
Corejova, T., Kassiri, M. (2016, 5–6 October). M. knowledge triangle, innovation performance and global value chain. In Proceedings of the 16th International Scientific Conference Globalization and Its Socio-Economic Consequences (pp. 329–336). Rajecké Teplice, Slovakia.
Desai, M., Kapur, D., & Mchale, J. (2003). The Fiscal impact of high skilled emigration: flows of Indians to the U.S. Harvard University: Harvard.
Dewi, Yu., Dwiatmadja, Chr., Suharti, L. (2019). A qualitative study on learning organization as an essential action lowering skill mismatch effects. Business: Theory and Practice, 20, 50–60. https://doi.org/10.3846/btp.2019.05
Europa 2020. (2010, 3 March). A strategy for smart, sustainableand inclusive growth. Communication from the Commission, Brussels. http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:52010DC2020&from=EN
Fedulova, L. I. (2008). Conceptual foundations of the knowledge economy. Economic Theory: Scientific Journal, 2, 37–59.
Geddes, A. (2005). Immigration and Welfare State. International migration and security: opportunities and challenges. London; New York: Routledge.
Gladka, O., & Fedorova, V. (2019). Defining personnel marketing strategies. Business: Theory And Practice, 20, 146–157. https://doi.org/10.3846/btp.2019.14
International organization for migration. (2016). Migration as a factor of development of Ukraine. Research of financial income related to migration and its impact on the development of Ukraine http://www.iom.org.ua/sites/default/files/mom_mi-graciya_yak_chynnyk_rozvytku_v _ukrayini.pdf
Jain, S. (2013). For love and money: second-generation Indian-Americans “return” to India. Ethnic and Racial Studies, 36(5), 896–914. https://www.deepdyve.com/lp/taylor-francis/for-love-and-money-second-generation-indian-americans-re-turn-to-india-rHT07adnCp
Katseli, L., Lucas, R., & Xenogiani, T. (2006). Effects of migration on sending countries: what do we know. Working paper No. 250. Paris: OECD Development Centre.
Kendrick, J. (1976). The formation and stocks of total capital. New York, N.Y.: Columbia University Press for NBER.
Kraay, A. (2018). Methodology for a World Bank human capital index. Technical report, World Bank Policy Research Working Paper, No. WPS8593, 1. https://doi.org/10.1596/1813-9450-8593
gov.ua (2017). Labor migration is one of the biggest threats to the state. Government Portal. https://www.kmu.gov.ua/ua/news/trudova-migraciya-odna-z-najbilshih-zagroz-dlya-derzhavi-gennadij-zubko
Legrain, Ph. (2016). Refugees work: a humanitarian investment that yields economic dividends. https://static1.squarespace.com/static/55462dd8eb0a65de4f3a087/t/573cb9e8ab48de57372771e6/1463597545986/Tent-Open-Refugees+Work_VFI-NAL-singlepages.pdf
List, J., & Rasul, I. (2010). Field experiments in labor economics. Working paper No. 16062. Cambridge: National Bureau of Economic Research. https://doi.org/10.3386/w16062
Machlup, F. (1962). The production and distribution of knowledge in the United States (401 р.). Princeton: Princeton University Press. http://books.google.com.ua/books/about/The_Production_and-_Distribution_of_Knowl.html?id=kp6vswpmpjoC&redir_esc=y
Manuti, de Palma, P. D. (2014). Why human capital is important for organizations: people come first (1st ed.) (p. 198). Palgrave Macmillan: London, UK. https://doi.org/10.1057/9781137410801
Massey, D. (1998). Worlds in motion: understanding international migration at the end of the millennium. Oxford: Oxford University Press.
Migration and remittances Factbook. (2011). World Bank (р. 249).
Mincer, J. (1974). Schooling, experience, and earnings. Columbia University Press.
Papademetriou, D. G., Sumption, M., & Somerville, W. (2009). Migration and the economic downturn: what to expect in the European Union. Washington DC: Migration Policy Institute.
Pekar V. (2012). Human Capital of Ukraine 2025. Results of foresight. http://wikicitynomica.org/future/lyudskiy-kapital-ukraini-2025- pidsumki-forsaytu.html
Podra, O. P. (2019). Development of the investment mechanism for the human capital reproduction under conditions of the information society. Social-law Studios, 3(5), 58–66.
Proshak, G. V. (2008). The main components of human capital: theoretical aspect. Scientific Bulletin of NLTU Ukraine, 18(4), 305–309.
Putnam, R. (2000). Bowling alone: the collapse and revival of American community. N.Y.: Simon and Schuster. https://doi.org/10.1145/358916.361990
Radionova, I. F. (2009). Economic growth with the participation of human capital. Economy of Ukraine, (1), 19–30.
Romanova, A. S., Kovalchuk, V. B., Savenko, V. V., Yevkhutich, I. M., & Podra, O. P. (2019). Financial and Credit Activities: Problems of Theory and Practice, 30(3), 490–500. https://doi.org/10.18371/fcaptp.v3i30.179925
Schultz, T. (1971). Investment in human capital: the role of education and of research. N.Y.
Sciavo-Campo, S., & Sundaram Pachampet, S. (2001). To serve and to preserve: improving public administration in a competitive world (p. 533). Manila: Asian Development Bank.
Sen, A. (1999). Development as freedom. New York: Oxford University Press.
Simon, J. (1990). Population matters: people, resources, environment, immigration. New Brunswick, New Jersey: Transaction Press.
Solow, R. M. (1990). The labor market as a social institution. Blackwell.
Stark, O. (1991). The migration of labour. Cambridge: Basil Blackwell.
Taylor, J. (1996). International migration and economic development: a micro economy-wide analysis. Development strategy, employment and migration: insights from models. Paris: Organization for Economic Cooperation and Development.
The Law of Ukraine “On foreign labour migration. (2015). http://w1.c1.rada.gov.ua/pls/zweb2/webproc34?id=&pf3511=55975&pf35401=36234
The club of Rome. (2018). A finer future. Creating an ecinomy in service to life. A Report to the Club of Rome. https://www.clubofrome.org/report/a-finer-future
Thurow, L. C. (1970). Investment in human capital. Wadsworth series in labor economics and industrial relations. California, Belmont: Wadsworth Publishing Company, Inc.
Vovkanych, S., & Semiv, L. (2007). Theoretical and methodological foundations of the study of human and intellectual capital in knowledge-intensive economy: conceptualization of concepts. Regional Economics, (4), 7–18.
Walmsley, T., & Winters, L. (2000). Relaxing the restrictions on the temporary movements of natural persons: a simulation analysis (Discussion Paper No. 3719). London: Centre for Economic Policy Research.
Zakharova, O. V. (2010). Managing investment in human capital: methodology, evaluation, planning: monograph (378 p.). Donetsk: DVNZ DonNTU.
Zand, R. (2000). Technopoles of India? http://webcache.googleusercontent.com/search?q=cache: http://www.robzand.com/media/technopoles.pdf&gws_rd=cr&ei=ueKWWdS2AsLC6QTtkYbABQ