The Intellectual Component of Labor Potential as a Factor of Sustainable Development of the Agricultural Sector

Abstract

In the article, the proposition is substantiated that the current development of the agricultural sector is possible on condition of harmonization of environmental, social and economic factors based on the principles of consistency, balance and social justice. The paper examines the impact of the intellectual component of labor potential on economic growth in the agricultural sector. The study of the main types of production functions for macroeconomic analysis is conducted. The advantages of using the Cobb-Douglas production function in determining the levers of agricultural production growth in the context of sustainable development are substantiated. The present-day priority of activities intellectualization in the agricultural sector is proved. It is proposed to particularly focus on the use of intellectual assets of human potential for agricultural production intensification. The accomplished modeling of the agricultural sector sustainable development gives grounds for an optimistic forecast as to increasing the resource potential of agricultural production due to a growth in the quantitative and qualitative indicators of labor potential.

Socio-Economic Dimension of Human Potential of World Countries in the Digital Space of the Labor Market

“…Accordingly, the importance of human potential for economic development lies in its ability to create new value where a significant increase in economic growth and intensive use of resources is limited by the requirements of achieving sustainability (Hanushek, 2013;Trusova et al, 2022a). That is, the full use of human potential makes it possible to provide the need not only for current, but also for future economically active human resources due to the creation of an environment for the free realization of social capital, where networks of joint interaction are formed based on relationships of trust, dignity and respect (Vasyl'yeva & Karpenko, 2021). The synergistic effect of such digital networks facilitates the transfer of information resources and at the same time requires a change in approaches to the process of production and consumption, the creation of the most favorable conditions for the implementation of vital activities of the digital social system, ensuring the reproduction of active human resources as a productive force and a factor of economic growth of the economy (Alter, 2008).…”

“…Hrishnova and N. Polyviana (2007), O. Hulevych (2015), M. Igbaria and J. Baroudi (1995), N. Trusova, R. Oleksenko, D. Yeremenko, S. Pasieka, O. Vasyl'yeva, I. Kolokolchykova, A. Konovalenko, I. Herasymenko, M. Semykina, O. Gumeniuk and A. Karpenko in their papers (Trusova et al, 2021;Vasyl'yeva & Karpenko, 2021;Trusova et al, 2022a;Trusova et al, 2022b). Technological changes in the labor market during the transformation of the employment institute, social-labor relations, and labor organization are studied S. Alter (2008), S. Amrute (2016) and S. Amrute (2019), J. , J. , A.…”