General information
The project aims to explore the current problems and provide viable solutions for human capital management in the Republic of Armenia. The project is urged by the drastically declining dynamics in different human capital development indicators at least the last decade and a half. Bearing this caveat in mind, the project aims to comprehensively diagnose the relationships between human capital development, brain drain, educational system, innovation dynamics (product vs. process), and socio-economic indicators. Accordingly, the project targets two interrelated policy design areas: to elaborate policy responses to achieve higher human capital development with effective management strategies and to create adequate incentives to facilitate long-term investments in human capital and innovation that shift the economy of Armenia from the current state to the innovation-fueled growth patterns that are more resilient to risks. To reach the objectives, the project will utilize a hybrid methodological approach derived from several highly analytical tools: desk-based work, stakeholder engagement, qualitative and quantitative dataset building, empirical analysis, agent-based modeling, policy scenario comparisons, and validation of model results.
