Human Capital in Sustainable Development and Macro-level Criteria

In the light of the ongoing digital transformation in the world, there has been a significant increase in scientific and practical interest in the problem of human capital (HC) in recent years. This interest bases on the understanding of its key role in the socio-economic life and development of society with a radical change in the technological order at all its hierarchical levels: national, industry, regional, corporate and individual. On the upper levels (national, sectoral, regional) HC is characterized by demographic indicators, characteristics of the level and quality of education, health, living standards, cultural development, degree of scientific and technological scope of the society, degree of mobility when moving from areas with relatively low standard of living in places with higher, etc. The paper proposes a powerful evaluating tool for improving and increasing the human capital measurement, which can serve for increasing the social welfare of society, and transferring the most effective innovative solutions to the economy. The tool is based on mathematical modelling and correlations among HC and non-HC variables.