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Human capital in the sustainable economic development of the energy sector

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  • Evgeny Kuzmin
  • Maksim Vlasov
  • Wadim Strielkowski
  • Marina Faminskaya
  • Konstantin Kharchenko

Abstract

This study examines the role of human capital investment in driving sustainable socio-economic growth within the energy industry. The fuel and energy sector undeniably forms the backbone of contemporary economies, supplying vital resources that underpin industrial activities, transportation, and broader societal operations. In the context of the global shift toward sustainability, it is crucial to focus not just on technological innovation but also on cultivating human capital within this sector. This is particularly relevant considering the recent shift towards green and renewable energy solutions. In this study, we utilize bibliometric analysis, drawing from a dataset of 1933 documents (represented by research papers, conference proceedings, and book chapters) indexed in the Web of Science (WoS) database. We conduct a network cluster analysis of the textual and bibliometric data using VOSViewer software. The findings stemming from our analysis indicate that investments in human capital are perceived as important in achieving long-term sustainable economic growth in the energy companies both in Russia and worldwide. In addition, it appears that the role of human capital in the energy sector is gaining more popularity both among Russian and international researchers and academics.

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  • Evgeny Kuzmin & Maksim Vlasov & Wadim Strielkowski & Marina Faminskaya & Konstantin Kharchenko, 2023. "Human capital in the sustainable economic development of the energy sector," Papers 2312.06450, arXiv.org.
    • Handle: RePEc:arx:papers:2312.06450
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    1. Ifeoma Chukwunonso Onyemelukwe & José Antonio Vasconcelos Ferreira & Ana Luísa Ramos, 2023. "Human Energy Management in Industry: A Systematic Review of Organizational Strategies to Reinforce Workforce Energy," Sustainability, MDPI, vol. 15(17), pages 1-23, September.
    2. Quoc Hoi Le & Quynh Anh Do & Hong Chuong Pham & Thanh Duong Nguyen, 2021. "The Impact of Foreign Direct Investment on Income Inequality in Vietnam," Economies, MDPI, vol. 9(1), pages 1-15, March.
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