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Health Care As A System-Creating Element Of Human Capital: Strategies Of Its Development By The Case Of Ukraine

Author

Listed:
  • Yurii Safonov

    (Institute of Education Content Modernization, Kyiv National Economic University named after Vadym Hetman, Ukraine)

  • Viktoriia Borshch

    (Odessa National Medical University, Ukraine)

  • Oleksandr Rogachevskyi

    (Odessa National Medical University, Ukraine)

Abstract

The main purpose of the paper is to analyze the process of the health care development as the system-creating factor of human capital. Methodology. This study combines economic and managerial analysis of healthcare and human capital. The background for this analysis is the data of the 2020 Human Capital Index in Ukraine and other developed and developing countries. The method of historical and logical analysis of the literature was used. The functional and structural analysis was used with purpose to research the main tools of human capital’s development. Methods of comparative and statistical analysis and their synthesis were used to study dynamics of human capital. Method of summarization was used to make conclusions and recommendations for improving human capital in developing countries. Works of scientists in the sphere of human capital were used as the informational basis for the conducted study. Findings. In the paper it was analyzed the Human Capital Index in Ukraine and its components from the period of 2010-2020. The problems of the development of Ukrainian healthcare sector as the system-creating element of human capital are viewed. Formation of a new model for organizing medical care based on the development of the four P’s model of medicine (predicting, prevention, personalization, participation) is considered as the main basis for developing effective healthcare sector in Ukraine. The authors of the article see the following key areas of necessary actions in Ukrainian healthcare sector: technological breakthrough, strengthening a healthy lifestyle, ensuring the availability of high-quality medical services, developing human resources, creating a system of effective drug provision, increasing the efficiency of financing. Practical implications. The results of this study form the methodological and practical basis for improvement of the state regulation system of Ukrainian healthcare as a system-creating element of human capital. The results of conducted research could be a framework for formation of effective healthcare system in Ukraine, ensuring its constant development. The main proposals could be used by the Ministry of Healthcare of Ukraine while working out the Concept of national healthcare system development, they should be taken into consideration by state and municipal Health Departments for implement them during the process of Ukrainian healthcare sphere’s reformation.

Suggested Citation

  • Yurii Safonov & Viktoriia Borshch & Oleksandr Rogachevskyi, 2021. "Health Care As A System-Creating Element Of Human Capital: Strategies Of Its Development By The Case Of Ukraine," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 7(4).
    • Handle: RePEc:bal:journl:2256-0742:2021:7:4:20
    DOI: 10.30525/2256-0742/2021-7-4-176-181
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    References listed on IDEAS

    as
    1. John Strauss & Duncan Thomas, 1998. "Health, Nutrition, and Economic Development," Journal of Economic Literature, American Economic Association, vol. 36(2), pages 766-817, June.
    2. Robert J. Barro, 1998. "Determinants of Economic Growth: A Cross-Country Empirical Study," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262522543, April.
    3. Ann P. Bartel & Ciaran S. Phibbs & Nancy Beaulieu & Patricia Stone, 2011. "Human Capital and Organizational Performance: Evidence from the Healthcare Sector," NBER Working Papers 17474, National Bureau of Economic Research, Inc.
    4. Masaaki Hirooka, 2006. "Innovation Dynamism and Economic Growth," Books, Edward Elgar Publishing, number 3234.
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    More about this item

    Keywords

    human capital; healthcare system; the human capital project; Human Capital Index (HCI);
    All these keywords.

    JEL classification:

    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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