Human Capital as a Factor of Development of the Rural Economy

Abstract

The challenges of the post-industrial stage of development of society dictate the high quality requirements of human capital, which depends on both the level of economic development of the country as a whole and the state of the rural economy. In this chapter, the authors propose a methodological approach to the definition of the index of multiple-factor conditions for human capital development in rural areas. It reflects the vector of long-term development of human capital under the influence of an interlocking system of social, economic, demographic, environmental and institutional factors that manifest themselves at different levels of its formation. An open trend model building of influence multi-level factors system on the development of human capital in the rural economy of the region allows the authors to model the possible directions of human capital development on the basis of experimental calculations and use them in making management decisions by program-target method.