Human capital is a crucial determinator of economic development because of the rapid pace of scientific and technological progress. The objective of the research is to define the state of human capital in manufacturing and to find the link between human capital and innovation. The correlation and regression analysis of the Human Capital Index designed and calculated by World Bank and Global Innovation Index was designed and calculated by WIPO of 127 countries in the year 2020. The second part of the analysis was the human capital in the manufacturing sector. The secondary data from the Bureau of National statistics were taken from the year 1991 to the year 2020. We analyzed the composition of workers by gender composition, gender pay gap, the number of bachelors graduated of technical major, aging, and education. HCI of Kazakhstan in 2020 is dropped; a possible reason for this is the COVID-19 pandemic’s side effect on the health and education of the population. The correlation between Global Innovation Index and Human Capital Index is 0,86. The 50% gender gap is revealed in the manufacturing sector employees, which shows an upward trend. Most workers in the manufacturing industry do not have a bachelor’s degree, which means that they perform hand labor rather than mental. Probably increasing the innovation used in the country may decrease the number of employees without proper education, while the productivity of the manufacturing sector will increase. However, we should consider that unemployment will increase either.
This article investigates the role of higher education in the economic development of the country. The research aims to investigate the theoretical and methodological basis of the role of higher education and human capital in economic growth, evaluate the current state of higher education within pandemic COVID-19, and develop scientifically and applied recommendations to strengthen capacity and improve the competitiveness of human capital in the developing countries. An analysis of the existing researches and debates is made. We defined the state of higher education in Kazakhstan and considered the changes in education within the context of COVID-19. We made multiple correlations and regression analysis based on the education coverage index and GDP(mln KZT), where defined the moderate correlation between two variables. Statistical data is studied in a period from 2000 to 2019. This paper contributes to the literature by fulfilling a theory of human capital development in the knowledge economy, revealing the relational mechanism between higher education, sustainable development, and the economic boundary of this relationship. It also contributes to the further understanding of the role of higher education in economic development. This study result implies to strengthen capacity and improve the competitiveness of human capital, draft human capital development policy. Keywords: SDG; COVID-19, human capital, higher education
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