EFFICIENCY OF HUMAN CAPITAL UTILIZATION IN THE PROJECTION OF RURAL AREAS OF THE REPUBLIC OF BELARUS

The importance of the influence of human capital on the dynamism of territorial economic development actualizes the task of developing a methodological approach to determine the degree of the latter's influence on this process. The article presents the author's methodology for assessing the efficiency of human capital utilization in the territorial-sectoral projection. Its methodological basis is the construction of relationships between changes in the value of human capital and socio-economic indicators of rural economic development. The advantage of the proposed methodology is a comprehensive approach to the study of human capital efficiency problems in the context of rural areas, which, together with the use of available and reliable statistical data, makes it possible to analyze and develop effective management decisions. The proposed methodology was tested on the statistical data of the Republic of Belarus, the interpretation of which generally allows us to ascertain the increase in the efficiency of rural human capital utilization. This is conditioned, first of all, by the increase in net socio-environmental investment, including expenditures on housing and communal services and housing construction, health care, education, physical culture, sports, culture and mass media, social policy, as well as environmental protection, formed at the level of local budgets, excluding cities of regional and district subordination. The use of such an approach allows us to form an objective picture of investment provision of human capital in the territorial context. The fluctuations of the indicators under consideration testify to the high sensitivity of the studied proportions to the value of human capital formed in the territorial-sectoral context. This circumstance not only empirically confirms the fact of intensive impact of human capital on the growth opportunities of the rural economy of the Republic of Belarus, but also forms the theoretical and methodological basis for effective management of this process.