Gimpelson V. E. (2022). Russian human capital in times of sanctions and countersanctions: Some redistributive implications. Journal of the New Economic Association, 3 (55), 234–238. DOI: 10.31737 ...

Текст статьи/выпуска на сайте журнала URL: http://journal.econorus.org/pdf/NEA-55.pdf (дата обращения 10.10.2022)

Abstract

The paper argues that the combination of sanctions, counter-sanctions and total import-substitution taken together creates a strong shock on the human capital, and affects its utilization and reallocation.This effect can go along two major lines. First, one can expect underutilization of previously accumulatedknowledge and skills due to the technologically regressive import-substitution. Second, those players who havepreviously lost in the global competition may take over the key role in formation and adjustment of the humancapital to the changing demand. This shift in power and resources is likely to make the regress endogenous.These processes concern technological developments as well as R&D and higher education. As a result, one mayexpect that a signifi cant part of the human capital that was created for utilization in more open and competitiveenvironment can be lost.