Browse > Article
http://dx.doi.org/10.22937/IJCSNS.2022.22.3.10

The Influence of Human Capital on GDP Dynamics: Modeling in the COVID-19 Conditions  

Derii, Zhanna (Chernihiv Polytechnic National University)
Zosymenko, Tetiana (Chernihiv Polytechnic National University)
Shaposhnykov, Kostiantyn (Scientific Institute of Education Content Modernization)
Tochylina, Yuliia (Odessa State Academy of Civil Engineering and Architecture)
Krylov, Denys (Zaporizhzhia National University)
Papaika, Oleksandr (Ukrainian Federation of Professional Accountants and Auditors)
Publication Information
International Journal of Computer Science & Network Security / v.22, no.3, 2022 , pp. 67-76 More about this Journal
Abstract
COVID-19 struck labor markets around the world, exposing and exacerbating the gender inequalities within the human capital structure. The last, in its turn, jeopardizes the return of the national economies to the growth trajectory undermined by pandemic impact. The authors assume that COVID-19 disproportionately affected the employment rates of women and men, which led to increased gender inequality in the labor market, which, in turn, affected GDP growth rates in the EU. To prove this hypothesis two research questions are discovered: 1) whether there was a different correlation between the number of COVID-19 cases in the EU and indicators of the labor market for women and men; and 2) whether there was a link between the growth of gender inequality in the EU labor market and the GDP dynamics in these countries. The analysis of the correlation between the number of cases of COVID-19 and indicators of the labor market in the EU revealed faster growth of women's unemployment rates compared to men's ones as the COVID-19 incidence unfolded. Multiple linear regression and factor analysis have been used to investigate the influence of gender inequality in the labor market on GDP dynamics. Despite the methodological limitations, the proposed model is both a sound argument and an analytical basis in favor of gender-responsive economic recovery backed by the systematic and consistent gender equality policy of a government.
Keywords
COVID-19; labor market; gender inequality; GDP growth rate; gender gap; unemployment; employment rate; financial fragility; unpaid care work;
Citations & Related Records
Times Cited By KSCI : 8  (Citation Analysis)
연도 인용수 순위
1 Shkarlet, S., Kholiavko, N., Dubyna, M., & Zhuk, O. (2019). Innovation, Educational, Research Components Of The Evaluation Of Information Economy Development (As Exemplified By Eastern Partnership Countries). Marketing and Management of Innovations, 1, 70-83. http://doi.org/10.21272/mmi.2019.1-06   DOI
2 Tkachuk, I. Ya., Shvetz, N. (2020). The role of private individuals in the formation of revenues of nongovernmental organizations of Ukraine. Financial and credit activity: problems of the theory and practice, 3(34), 167-175. https://doi.org/10.18371/fcaptp.v3i34.215470   DOI
3 Wodon, Q., Briere, B. (2018). Unrealized Potential: The High Cost of Gender Inequality in Earnings. The Cost of Gender Inequality Notes Series. Washington, DC: The World Bank. URL: https://openknowledge.worldbank.org/bitstream/handle/10986/29865/126579-Public-on-5-30-18-WorldBankGenderInequality-Brief-v13.pdf?sequence=1&isAllowed=y
4 Zygmunt, J. (2020). The effect of changes in the economic structure on entrepreneurial activity in a transition economy: the case of Poland. Equilibrium. Quarterly Journal of Economics and Economic Policy, 15(1), 49-62.
5 Global Wage Report 2020-21: Wages and minimum wages in the time of COVID-19. URL: https://www.ilo.org/wcmsp5/groups/public/---dgreports/---dcomm/---publ/documents/publication/wcms_762534.pdf
6 Cuberes, D., Teignier, M. (2016). Aggregate Costs of Gender Gaps in the Labor Market: A Quantitative Estimate. Journal of Human Capital, 10(1). https://doi.org/10.1086/683847   DOI
7 Bertrand, M., Goldin, C., & Katz, L. F. (2010). Dynamics of the gender gap for young professionals in the financial and corporate sectors. American economic journal: applied economics, 2(3), 228-255.   DOI
8 Brixiova, Z., Kangoye, T., & Said, M. (2020). Training, human capital, and gender gaps in entrepreneurial performance. Economic Modelling, 85, 367-380.   DOI
9 Pikhotskyi, V., Nikolaienko, Y., Derii, Z., Havryliuk, O., Dmytrenko, I. (2019). Modelling the impact of institutional environment on key macroeconomic indicators. International Journal of Engineering and Advanced Technology, 9(1), 6957-6963.   DOI
10 Rubio-Banon, A., & Esteban-Lloret, N. (2016). Cultural factors and gender role in female entrepreneurship. Suma de Negocios, 7(15), 9-17.   DOI
11 Juttler, M., & Schumann, S. (2019). Is economics a man's business? Exploring the long-term effects of the gender gap in economic competencies at the upper secondary level on students' choice to study economics at university. Citizenship, Social and Economics Education, 18(3), 177-197.   DOI
12 Matviychuk-Soskina, N., Krysovatyy, A., Zvarych, I., Zvarych, R., & Ivashchuk, I. (2019). «Sea star wasting syndrome» or alterglobalization, inclusiveness and circular economy: priorities of the plan «B» for the planet. Economic Annals-XXI, 179(9-10), 4-21. https://doi.org/10.21003/ea.V179-01   DOI
13 Nikiforov, P., Zhavoronok, A., Marych, M., Bak, N., Marusiak, N. (2022). State policy regulation conceptual principles of public-private partnership development. Cuestiones Politicas, 40(73).
14 Pinter, E., Fenyvesi, E., & Pinter, T. (2021). Sustainability aspects of distance learning in higher education during the COVID-19 epidemic in a Hungarian University. Economic Annals-XXI, 190(5-6(2)), 58-74.
15 Dubyna, M., Kholiavko, N., Zhavoronok, A., Safonov, Yu., Krylov, D., Tochylina, Yu. (2022). The ICT sector in economic development of the countries of Eastern Europe: a comparative analysis. WSEAS Transactions on Business and Economics, 19, 169-185.   DOI
16 Grosu, V., Kholiavko, N., Zhavoronok, A., Zlati, M. L., & Cosmulese, C. G. (2021). Model of financial management conceptualization in Romanian agriculture. Economic Annals-XXI, 191(7-8(1)), 54-66.
17 Lagodiienko, N., & Yakushko, I. (2021). Digital Innovations in Taxation: Bibliometric Analysis. Marketing and Management of Innovations, 3, 66-77. http://doi.org/10.21272/mmi.2021.3-06   DOI
18 Profeta, P. (2021). Gender Equality and the COVID-19 Pandemic: Labour Market. Family Relationships and Public Policy, 56(5). URL: https://www.intereconomics.eu/contents/year/2021/number/5/article/gender-equality-and-the-covid-19-pandemiclabour-market-family-relationships-and-public-policy.html
19 Gonta, O. I., Shkarlet, S. M., Dubyna, M. V. (2016). Peculiarities of system approach use to cognition of economic phenomena. Scientific bulletin of Polissia, 8, 9-17.
20 Grigoras-Ichim, C. E., Cosmulese, C. G., Savchuk, D., & Zhavoronok, A. (2018). Shaping the perception and vision of economic operators from the Romania - Ukraine - Moldova border area on interim financial reporting. Economic Annals-XXI, 173(9-10), 60-67.
21 Shaposhnykov, K., Kochubei, O., Grygor, O., Protsenko, N., Vyshnevska, O., Dzyubina, A. (2021). Organizational and Economic Mechanism of Development and Promotion of IT Products in Ukraine. Estudios de economia aplicada, 39(6). https://doi.org/10.25115/eea.v39i6.5264   DOI
22 Shkarlet, S., Dubyna, M., Zhuk, O. (2018). Determinants of the financial services market functioning in the era of the informational economy development. Baltic Journal of Economic Studies, 4(3), 349-357.   DOI
23 Shmygol, N., Galtsova, O., Krylov, D., Semenov, A., Shaposhnykov, K. (2021). Assessment of the prospects for restoring the financial security of the state. Financial and Credit Activity: Problems of Theory and Practice, 5(40), 226-235.   DOI
24 Tuegeh, O. D. M., Harangi-Rakos, M., & Nagy, A. Sz. (2021). Industry 4.0 and human resource in Indonesia: a systematic literature review. Economic Annals-XXI, 190(5-6(2)), 171-180.
25 Zhavoronok, A., Chub, A., Yakushko, I., Kotelevets, D., Lozychenko, O., Kupchyshyna, O. (2022). Regulatory Policy: Bibliometric Analysis Using the VOSviewer Program. International Journal of Computer Science and Network Security, 22(1), 39-48.   DOI
26 Dastourian, B., Kawamorita Kesim, H., Seyyed Amiri, N., & Moradi, S. (2017). Women entrepreneurship: effect of social capital, innovation and market knowledge. ADminister, (30), 115-130.
27 Lentner, Cs., & Hegedus, Sz. (2021). Certain issues of the sustainability of public services in municipalities on macro and micro levels, with special regard to the period of the COVID-19 pandemic crisis in Hungary. Economic Annals-XXI, 190(5-6(2)), 149-161.
28 Varnalii, Z., Cheberyako, O., Bazhenova, O., Nikytenko, D., & Bilyk, R. (2020). Strategic Priorities of Budget Policy of Ukraine in the Conditions of the Covid-19 Pandemic. Financial and Credit Activity: Problems of Theory and Practice, 4(35), 170-179. https://doi.org/10.18371/fcaptp.v4i35.221964   DOI
29 Viknianska, A., Kharynovych-Yavorska, D., Sahaidak, M., Zhavoronok, A., & Filippov, V. (2021). Methodological approach to economic analysis and control of enterprises under conditions of economic systems transformation. Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu, 4, 150-157.
30 Wang, J., Li, Y., & Long, D. (2019). Gender gap in entrepreneurial growth ambition. International Journal of Entrepreneurial Behavior & Research.
31 Zybareva, O., Kravchuk, I., Pushak, Y., Verbivska, L., Makeieva, O. (2021). Economic and Legal Aspects of the Network Readiness of the Enterprises in Ukraine in the Context of Business Improving. Estudios de economia aplicada, 39(5). https://doi.org/10.25115/eea.v39i5.4972   DOI
32 Gender equality, economic growth and employment Asa Lofstrom. URL: http://www.eurosfaire.prd.fr/7pc/doc/1261581381_eu_studie_gender_growth_sidvis.pdf
33 Hechavarria, D. M., & Ingram, A. E. (2016). The entrepreneurial gender divide. International. Journal of Gender and Entrepreneurship.
34 Ivashchenko, A. I., Orlova, N. S. (2017). Comparative analysis of some EU and EU associated countries to identify the phenomenon of business development in post-socialist countries. Economic Annals-XXI, 163(1-2(1)), 22-25. https://doi.org/10.21003/ea.V163-04   DOI
35 Kosach, I., Duka, A., Starchenko, G., Myhaylovska, O., Zhavoronok, A. (2020). Socioeconomic viability of public management in the context of European integration processes. Administratie si Management Public, 35, 139-152.
36 Derii, Zh., Zosymenko, T., Skyba, S. (2016). Extended reproduction of human potential in today's environment. Scientific bulletin of Polissia, 2(6), 66-72.
37 Ershova, I., Belyaeva, O., & Obukhova, A. (2019). Investment in human capital education under the digital economy. Economic Annals-XXI, 180(11-12), 69-77.
38 Bilan, Y., Mishchuk, H., Samoliuk, N., & Mishchuk, V. (2020). Gender discrimination and its links with compensations and benefits practices in enterprises. Entrepreneurial Business and Economics Review, 8(3), 189-204.   DOI
39 Krasnostanova, N. E., Akymenko, N. V., Filyppova, S. V., Voloshchuk, L. O., & Zhuravel, O. V. (2021). El capital humano como objeto de gestion en la estrategia de gestion del desarrollo innovador de la region. Nexo Revista Cientifica, 34(01), 129-141. https://doi.org/10.5377/nexo.v34i01.11292   DOI
40 Lagodiienko, N., Yakushko, I. (2021). Development of the Taxation System in the Conditions of Digital Transformation of the National Economy. Financial and Credit Activity: Problems of Theory and Practice, 5(40), 378-388.   DOI
41 Al-Taee, S. H. H. (2021). Effects of the remote auditing in Iraq during COVD-19. Economic Annals-XXI, 187(1-2), 197-205.
42 Abramova, A., Filyppova, S., Vdovenko, N., Kotelevets, D., Lozychenko, O., Malin, O. 2021. Development of competitive advantages of the national higher education system in the digitalization conditions, International Journal of Computer Science and Network Security, 21(10), 39-48.   DOI
43 Abramova, A., Shaposhnykov, K., Zhavoronok, A., Liutikov, P., Skvirskyi, I., & Lukashev, O. (2021). Ecosystem of VAT Administration in E-Commerce: Case of the Eastern Europe Countries. Estudios de economia aplicada. 2021. 39(5).
44 Agyire-Tettey, F., Ackah, C. G., & Asuman, D. (2018). Gender and returns to entrepreneurship in Africa. International Journal of Social Economics.
45 Breus, S., Solokha, D., Derii, Z., Bieliakova, O., Khushvaktova, K. (2020). Entrepreneurship development model under conditions of business social responsibility. Academy of Entrepreneurship Journal, 26(3).
46 Camelo-Ordaz, C., Dianez-Gonzalez, J. P., & Ruiz-Navarro, J. (2016). The influence of gender on entrepreneurial intention: The mediating role of perceptual factors. BRQ Business Research Quarterly, 19(4), 261-277.   DOI
47 Churilova, E., Salin, V., Shpakovskaia, E., & Sitnikova, O. (2019). Influence of world social and economic indicators' interlinkage on the development of human potential. Journal of International Studies, 12(4), 79-99.   DOI
48 Lytvynenko, V., Naumov, O., Voronenko, M., Krejci, J., Naumova, L., Nikytenko, D., & Savina, N. (2020). Dynamic Bayesian Networks Application for Evaluating the Investment Projects Effectiveness. International Scientific Conference "Intellectual Systems of Decision Making and Problem of Computational Intelligence, 315-330.
49 Stavytskyy, A., Kharlamova, G., Giedraitis, V., Cheberyako, O., & Nikytenko, D. (2020). Gender question: Econometric answer. Economics and Sociology, 13(4), 241-255.   DOI
50 Vertakova, Y., Plotnikov, V. (2016) Innovative and industrial development: specifics of interrelation. Economic Annals-XXI, 156(1-2), 37-40.