A Dynamic Model in the Labor Market: Reasons of Imbalances at the Transition Stage of the Economy

Abstract

The aim of this work is the formalization of the model of coordination of interests of employers and owners of human capital in the labor market in high-tech industries of the national economy in the conditions of transformation of the national economy. Research conducted by the authors proved that the structure of costs of reproduction of human capital and the requirements for human potential have their own distinct features that should be considered in the specification of the economic model of value creation of human capital in these sectors. Authors propose an improved method of balancing interaction of economic interests of subjects of the labor market: employee and employer. The model reveals the mechanism of formation of the equilibrium value of human capital based on the cost approach and the income approach in modeling supply and demand in the labor market in high-tech industries. The model allows to estimate a quasi-equilibrium state of the labor market in high-tech industries with emerging trends in this market in the country as a whole. The study provides valuable analytical information required to implement science-based economic decisions in the management of human resources and their transformation into human capital, which in turn will improve the efficiency of realization of innovation potential of the company as the subject of the high-tech industry of national economy. At the level of state governance model allows to monitor the mismatches in the labor market that allows to develop actions to minimize their negative impacts on the national economy.

Metrics of the ratio of functional limits of large agribusiness (regional aspect)

“…The level of gross profit of agricultural formations with a closed production cycle is 1.9 times lower than that of horizontal ones, and the equipment with energy capacities is 2.3 times lower, respectively. Indicators of economic efficiency of land use are also higher in horizontal formations [7,8,9]. Despite the fact that the indicators of commodity output and net profit per employee demonstrate significant advantages of horizontally integrated structures, the level of remuneration in this category of farms does not differ from those with vertical integration [10,11,12].…”

Key problems hindering the development of co-operation in the agricultural sector of Russia

“…Information and consulting services conduct consultations and demonstration activities on the rational organization of agricultural production, disseminate experience, new knowledge, etc. Their sources of funding are local, regional, federal budgets, sponsorship, grants and commercial activities [2].…”

The effects of digitalisation on the labour market: the case of Russia

“…When looked at in terms of type of occupation and professional groups, it is evident that there is a shortage of qualified personnel for a number of professions and specialties. With conflicting signals from the labour market, families are in no hurry to change their educational priorities and orient applicants away from the professions they view as sought-after, such as economists, managers and lawyers (Matraeva et al, 2018;Larina, 2017).…”