National Interests: Priorities and Security
 

Ontological study and evaluation of intellectual capital reproduction at the current development stage of the national economy

Vol. 14, Iss. 4, APRIL 2018

Received: 10 January 2018

Received in revised form: 28 January 2018

Accepted: 27 February 2018

Available online: 14 April 2018

Subject Heading: SUSTAINABLE DEVELOPMENT OF ECONOMY

JEL Classification: А22, I21, L50, O47

Pages: 658–672

https://doi.org/10.24891/ni.14.4.658

Grechko M.V. Southern Federal University, Rostov-on-Don, Russian Federation
MVGrechko@inbox.ru

ORCID id: not available

Importance The article studies and evaluates the intellectual capital reproduction at the current development stage of the economy by identifying how productive forces, (post)capitalist production and driving institutions evolve.
Objectives I examine the ontology of intellectual capital and evaluate its reproduction at the current development stage of the economy, assuming that intellectual capital reproduction is a synergistic and dynamic process that should be agreed by all the economic agents involved.
Methods The research is based on the cognitive potential of the human capital theory, evolutionary theory of economics, political and economic analysis, which help to understand the ontology of intellectual capital and evaluate its reproduction when the national economy takes an innovative turn.
Results Relying upon the cognitive potential of the human capital theory, political and economic analysis, I identify an exclusive competence algorithm underlying the formation of intellectual capital. I evaluate the process and conclude that the existing system of productive relations and institutions is unable to drive the development based on ideas, innovation and intellectual capital.
Conclusions and Relevance The article systematizes principal conclusions on the research. The findings may underlie the scientific framework for managing the education system quality, increasing its internal and external efficiency. The practical findings may be used by governmental authorities to outline the strategy for the education system modernization.

Keywords: reproduction, intellectual capital, higher education, economic development

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