FUNCTIONAL DEPENDENCIES OF THE HUMAN CAPITAL FACTORS

Abstract

The research under consideration covers the issue of determining the factors influencing the development resource for the human capital on the basis of time series data. There are presented the regression functions for the fundamental factors; these regressions are employed for the further forecast of the human development index.

The obtained averaged functions and dependencies for every of the considered factors allow the procedure of forecasting and scientific prognostication; the applied time span makes possible the verification of the functions.

The functions typologization has been produced on the basis of regression types and on the determination coefficients. The most of the obtained regressions belong to the polynomial type of the second power or to the exponential type. The factors have been considered for the whole groups of countries. The process of grouping countries has taken place on the basis of social policy adopted within the countries. The fact of possibility of grouping the countries in accordance with the adopted social policy supports the idea of identity of factors of social policy and human capital development.

DOI: http://dx.doi.org/10.5755/j01.em.18.4.4208