ASSESSMENT OF THE EFFECTIVENESS OF INVESTMENTS IN HUMAN CAPITAL AT THE MACRO LEVEL

Abstract

This article is devoted to the study of the problem of evaluating the effectiveness of financing the education sector as an important industry that contributes to creating conditions for
accelerated economic growth. In the context of the formation and development of an innovative
economy, investments in education are of a priority nature and provide important. A competitive advantage from a strategic point of view is the accumulation and development of
the intellectual potential of the country. At the same time, an increase in investment in education
does not mean an increase in the effect and cannot guarantee an increase in the quality of educational services. Therefore, one of the urgent issues when making investments in the industry is to assess their effectiveness. The formation of a methodology for evaluating the effectiveness of in-vestments in education at the macro level is based on a comparison of changes in national investments in education and changes in the human development index. The proposed method is tested using a specific example.

Keywords: human capital, investments, efficiency assessment, education, human capital index.