THE EDUCATION LEVEL IN THE FORMATION OF HUMAN CAPITAL AND ITS IMPACT ON ECONOMIC GROWTH

The article examines how the population's education level affects human capital formation and economic growth. The research is relevant because of the need to increase the efficiency of human capital use in the modern knowledge economy. The work aims to quantify the relationship between the population's educational characteristics and key macroeconomic indicators. The study focuses on human capital in the national economic system; the subject is how the level of education (the proportion of the population with higher education, the average duration of education, and the quality of educational institutions) affects its added value, labor productivity, and economic growth. The paper examines the lack of understanding of the quantitative relationships between the qualitative characteristics of education and their economic effects. The research uses correlation and regression analysis, along with comparative analysis of statistical data. The tools used make it possible to identify the degree and nature of the influence of educational factors on economic development. The results of the research can serve as a basis for conducting panel-data research by region and for an in-depth study of the impact of investments and technologies on human capital. The study found a statistically significant positive relationship between education levels and labor productivity, as well as the contribution of human capital to economic growth. The study shows that improving education quality and increasing training duration contribute to growth in the added value of human capital.

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