Education and human capital development: from stagnation to recession in the Ukrainian economy
/ 0
- Details
- Category: Contens №4 2020
- Last Updated on 05 September 2020
- Published on 30 August 2020
- Hits: 2957
Authors:
L. Kharchenko, orcid.org/0000-0002-5731-0531, Pereiaslav-Khmelnytskyi Hryhorii Skovoroda State Pedagogical University, Pereiaslav, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
L. Levchenko, orcid.org/0000-0002-9919-9018, Pereiaslav-Khmelnytskyi Hryhorii Skovoroda State Pedagogical University, Pereiaslav, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
V. Levkulych, orcid.org/0000-0001-9534-8971, State University “Uzhhorod National University”, Uzhhorod, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
U. Khanas, orcid.org/0000-0002-8691-3809, State University “Uzhhorod National University”, Uzhhorod, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu. 2020, (4): 140-145
https://doi.org/10.33271/nvngu/2020-4/140
Abstract:
Purpose. To provide the insight into the reasons for the prolonged stagnation and recession in the economy of independent Ukraine based on statistical data.
Methodology. The authors used the methods of descriptive statistics and logical statistics as the main research methods. In addition, the authors used comparative analysis and modeling.
Findings. The main results of the study are as follows:
1. The authors proved the fact of long-term stagnation of the Ukrainian economy which began in 1989 (4,243 USD of Ukraine’s GDP per capita) and has lasted to this day. In 2018, Ukraine’s GDP per capita amounted to 3,110 USD. The periods throughout 1990–1998, 2008–2009 and 2014–2015 were the periods of recession.
2. The authors proved the fact of underestimation of two key factors of economic development by the governance of Ukraine: education and human capital. According to the World Happiness Report 2019, Ukraine ranks 133rd out of 156 countries of the world, which confirms the dissatisfaction of Ukrainians with the quality of governance.
3. The dependence of economic growth on the growth in the quality of education and human capital was justified.
Originality. Based on statistical studies, the authors substantiated:
1. The fact of long-term economic stagnation in Ukraine, which began in the year when Ukraine gained independence and has lasted to this day.
2. The main reason for the negative scenarios in the development of the Ukrainian economy during the period of independence is the neglect of the relationship between education, human capital and the national economy in the governance model.
Practical value. The results of the study can be used in governance models, as well as economic, behavioral and other models. The study actualizes the value of education and human capital, and proves their impact on the economic growth of the state.
References.
1. How Ukraine has changed in 25 years: graphs (2016). BBC News Ukraine. Retrieved from https://www.bbc.com/ukrainian/society/2016/08/160812_independence_day_charts_ko.
2. State Statistics Service of Ukraine (2020). Retrieved from http://www.ukrstat.gov.ua/.
3. Gross Domestic Product (GDP) (2020). Office for National Statistics. Retrieved from http://www.ukrstat.gov.ua/.
4. Statista (2020). Retrieved from https://www.statista.com/.
5. Khomenko, I. (2018). A Look at Informal Logic. Future Human Image, 9, 52-62. https://doi.org/10.29202/fhi/9/5.
6. Bucci, A., Prettner, K., & Prskawetz, A. (Eds.) (2019). Human Capital and Economic Growth. Cham: Palgrave Macmillan.
7. Nie, B., Huang, X., Xue, F., Chen, J., Liu, X., Meng, Y., & Huang, J. (2018). A comparative study of vocational education and occupational safety and health training in China and the UK. International Journal of Occupational Safety and Ergonomics, 24(2). https://doi.org/10.1080/10803548.2016.1270042.
8. Gatsenko, A. (2011). The Ukrainian Economy Has Not Been Able to Catch up With the Soviet. Komsomolskaya Pravda in Ukraine. August 19, 2011. Retrieved from https://kp.ua/economics/296860-ukraynskaia-ekonomyka-tak-y-ne-smohla-dohnat-sovetskuui.
9. World Bank (2020). Constant GDP per capita for the Ukraine [NYGDPPCAPKDUKR], retrieved from FRED, Federal Reserve Bank of St. Louis. March 22, 2020. Retrieved from https://fred.stlouisfed.org/series/NYGDPPCAPKDUKR.
10. Hungary: Ranking – GDP per capita (US $) (2020). Actualitix 2020. Retrieved from https://en.actualitix.com/country/hun/hungary-gdp-per-capita.php#data-table.
11. Punthakey, J. J. (2018). Complementarities in Transition Economies: the case of Kazakhstan by. Retrieved from https://www.semanticscholar.org/paper/COMPLEMENTARITIES-IN-TRANSITION-ECONOMIES-%3A-THE-OF-Punthakey/039d71a6b9098e021e7e20682219dcd8443c7556#related-papers.
12. World Bank (2017). Ukraine: Public Finance Review 2017. Washington, DC: World Bank. Retrieved from http://documents.worldbank.org/curated/en/476521500449393161/pdf/117583-WP-P155716-final-output-PUBLIC-2017-06-28-23-16.pdf.
13. Bazaluk, O. (2019). Plato’s Traditions in Modern Educational Theories. Annals of the University of Craiova – Philosophy Series, 43(1/2019), 5-20.
14. Rudenko, S. (2018). History of Ukrainian Philosophy: Teaching and Evaluation Methodology. Future Human Image, 10, 85-91. https://doi.org/10.29202/fhi/10/9.
15. Kahkonen, S. (2018). Why Ukraine’s Education System is Not Sustainable. Retrieved from https://www.worldbank.org/en/news/opinion/2018/09/12/why-ukraines-education-system-is-not-sustainable.
16. Gastfriend, E. (2015). 90 % of All the Scientists That Ever Lived Are Alive Today. Future of Life Institute. Retrieved from https://futureoflife.org/2015/11/05/90-of-all-the-scientists-that-ever-lived-are-alive-today/?cn-reloaded=1.
17. Education at a Glance 2016. OECD Indicators (2016). https://doi.org/10.1787/eag-2016-en.
18. World Development Report (WDR) 2019: The Changing Nature of Work (2019). The World Bank Group. Retrieved from http://documents.worldbank.org/curated/en/816281518818814423/2019-WDR-Report.pdf.
19. Helliwell, J., Layard, R., & Sachs, J. (2019). World Happiness Report 2019. New York: Sustainable Development Solutions Network. Retrieved from https://worldhappiness.report/ed/2019/.
20. Demographics of Ukraine (2020). Wikipedia. Retrieved from https://en.wikipedia.org/wiki/Demographics_of_Ukraine.
21. Gresham, J., & Ambasz, D. (2019). Ukraine – Resume Flagship Report (Vol. 2). Review of the Education Sector in Ukraine: Moving toward Effectiveness, Equity and Efficiency (RESUME3). Washington, D. C.: World Bank Group. Retrieved from http://documents.worldbank.org/curated/en/884261568662566134/Review-of-the-Education-Sector-in-Ukraine-Moving-toward-Effectiveness-Equity-and-Efficiency-RESUME3.
22. Svyrydenko, D., & Możgin, W. (2019).The Condition of Contemporary Ukrainian Culture: The Postcolonial Retrospective and Perspective. Ukrainian Policymaker, 4, 43-51. https://doi.org/10.29202/up/4/7.
23. Rudenko, S., Bazaluk, O., Tsvykh, V., & Kalmuk, I. (2019). The Role of Philosophical Disciplines in Educational Strategies for Specialist Training in the Field of Public Administration. Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu, (3), 158-163. https://doi.org/10.29202/nvngu/2019-3/22.
24. Hadley, E. (2019). Human Capital. In: E. Hadley, A. Jaffe, & S. Winter (Eds.). From Political Economy to Economics through Nineteenth-Century Literature. Palgrave Studies in Literature, Culture and Economics. Cham: Palgrave Macmillan. https://doi.org/10.1007/978-3-030-24158-2_2.
Related news items:
Newer news items:
- Comprehensive methodological approach to estimating the research component influ-ence on the information economy development - 30/08/2020 13:16
- Determining the efficient management system for a specialized transport enterprise - 30/08/2020 13:14
- Formation of research competence at the university: economic and managerial aspects - 30/08/2020 13:12
- Development of intellectual potential at systematic paradigm of knowledge manage-ment - 30/08/2020 13:10
- The impact of solvency and business activity on profitability of mining companies in Ukraine - 30/08/2020 13:09
- Rationalization of the choice of professional education in the context of the needs of business environment - 30/08/2020 13:07
- Economic security of Ukraine: innovative concept of strengthening in the context of COVID-19 - 30/08/2020 13:06
- Formation of methodical foundations for assessing the innovative development potential of an industrial enterprise - 30/08/2020 13:04
Older news items:
- Analysis and modeling of an iron ore enterprise’s production potential in Kryvyi Rih region - 30/08/2020 13:01
- Rationale of use of guanidine surfactants for fire extinguishing in natural ecosystems - 30/08/2020 12:56
- The study of the particular aspects of water purification from the heavy metal ions using the method of nanofiltration - 30/08/2020 12:54
- Mathematical modeling of the processes of wastewater purification from phenols and rhodanides using glauconite - 30/08/2020 12:52
- Statement of optimization tasks for the process of developing normative documents for gas infrastructure - 30/08/2020 12:49
- Improvement of risk management principles in occupational health and safety - 30/08/2020 12:47
- Assessment of the individual risk of fatal injury to coal mine workers during collapses - 30/08/2020 12:45
- Information technologies in modeling operation modes of mining dewatering plant based on economic and mathematical analysis - 30/08/2020 12:44
- Impact of water saturation effect on sedimentary rocks strength properties - 30/08/2020 12:39
- Synthesis and research of the tumbling machine spatial mechanism - 30/08/2020 12:37
Archive