An Analysis of Intellecutal Potential and its Impact on the Social and Economic Development of European Countries
Yuriy Bilan, Halyna Mishchuk, Iryna Roshchyk, Iveta Kmecova
Klíčová slova
competitiveness, education, intellectual potential, labour productivity, multifactor productivity, socioeconomic
development
Abstrakt:
The research presented in this article seeks to evaluate the impact of intellectual potential on a
country’s competitiveness as measured by the most important indicators of economic growth and
standard of living. The population with tertiary education as well as with the relevant professional
competences required for entrepreneurship and employment form the study group. Intellectual potential
indicators along with general and partial productivity indicators, i.e. multifactor productivity
(MFP) and labour productivity (LP) respectively, are calculated for different population groups
using various methods, with the impact of MFP and LP in relation to each other subsequently
analysed. The research revealed that the factors with the greatest impact on LP are: the share of
people in the employed population involved in R&D, the share of researchers in the total employed
population, as well as the level of tertiary education in terms of the total population as well as for
the economically active population and self-employed persons. It was also found that the intensity
of the influence of intellectual potential on LP has decreased, but only insignificantly. This decrease
indicates the need to strengthen the role of other resources in relation to economic development
and improvements in competitiveness. Today, MFP, as the gross indicator of economic progress
and standard of living, has no apparent dependence on most of the studies intellectual potential
indicators with the exception of the share of professionals with tertiary education (correlation coefficient
= 0.440). This finding suggests an increased need to balance the use of all production
resources, in particular through innovative work and the development of skills which are not necessarily
formed in the field of tertiary education, at least in its formal sector.
Celý článek ke stažení:
 An Analysis of Intellecutal Potential and its Impact on the Social and Economic Development of European Countries [PDF soubor] [Velikost souboru: 568.56 KB]
 10.7441/joc.2020.01.02
Bilan, Y., Mishchuk, H., Roshchyk, I., & Kmecova, I. (2020). An Analysis of Intellecutal Potential and
its Impact on the Social and Economic Development of European Countries. Journal of Competitiveness,
12(1), 22–38. https://doi.org/10.7441/joc.2020.01.02
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