Education and human capital development: from stagnation to recession in the Ukrainian economy

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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

повний текст / full article

 

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.

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ISSN (print) 2071-2227,
ISSN (online) 2223-2362.
Journal was registered by Ministry of Justice of Ukraine.
Registration number КВ No.17742-6592PR dated April 27, 2011.

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