The Development of Human Capital within the Framework of the Demographic Economy of Ukraine: Factors of Stability

This study investigates the role of demographic, economic and social factors in shaping labor force participation and sustaining human capital in demographic economy of Ukraine. Current work focuses on demographic indicators such as birth rate, net migration and literacy rate and also considers economic indicators like education spending, unemployment and labor productivity, to identify critical drivers of workforce engagement. Using regression analysis (2000 to 2023) and SWOT evaluation, the findings reveal that while demographic decline and negative migration trends negatively impact labor force participation, higher investment in education, improved literacy rates, and enhanced labor productivity significantly contribute to workforce engagement and economic integration and growth. SWOT analysis identifies high literacy rates, skilled labor, and EU integration as key strengths and opportunities that enhance workforce engagement, drive innovation, and facilitate integration into global markets. And weaknesses identified are low birth rates and underfunded education, along with threats such as brain drain and political instability, challenge sustainable human capital development. Policy recommendations are provided to address these challenges and foster a productive labor market for long-term growth, social mobility and innovative development.

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Publication Details

Journal
International Journal of Economics and Financial Issues
Published
2025-06-18
DOI
https://doi.org/10.32479/ijefi.19299
Citations
2
Primary Topic
Labor Market and Education
Type
article
Field-Weighted Citation Impact
6.26
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article

The Development of Human Capital within the Framework of the Demographic Economy of Ukraine: Factors of Stability

Tetiana Lunova, Viktoriia Samoilenko, Lesia Bilorusets, Олександр Журба et al.
2 citations
International Journal of Economics and Financial Issues
Labor Market and Education
6.26
article

The Development of Human Capital within the Framework of the Demographic Economy of Ukraine: Factors of Stability

Tetiana Lunova, Viktoriia Samoilenko, Lesia Bilorusets, Олександр Журба, Vladyslav Mylenkyi
article en
2 citations

Abstract

This study investigates the role of demographic, economic and social factors in shaping labor force participation and sustaining human capital in demographic economy of Ukraine. Current work focuses on demographic indicators such as birth rate, net migration and literacy rate and also considers economic indicators like education spending, unemployment and labor productivity, to identify critical drivers of workforce engagement. Using regression analysis (2000 to 2023) and SWOT evaluation, the findings reveal that while demographic decline and negative migration trends negatively impact labor force participation, higher investment in education, improved literacy rates, and enhanced labor productivity significantly contribute to workforce engagement and economic integration and growth. SWOT analysis identifies high literacy rates, skilled labor, and EU integration as key strengths and opportunities that enhance workforce engagement, drive innovation, and facilitate integration into global markets. And weaknesses identified are low birth rates and underfunded education, along with threats such as brain drain and political instability, challenge sustainable human capital development. Policy recommendations are provided to address these challenges and foster a productive labor market for long-term growth, social mobility and innovative development.

International Journal of Economics and Financial IssuesVol. 15(4)
Simon Kuznets Kharkiv National University of Economics (UA), Khmelnytskyi National University (UA), State University of Trade and Economics (UA), Kyiv National I. K. Karpenko-Kary Theatre, Cinema and Television University (UA), National Academy of Management (UA)
Openalex Percentile: Top 4%
Labor Market and Education
6.26
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