Abstract
This article examines the economic consequences of large-scale mobilization through the lens of human capital theory and institutional economics. The study argues that the primary cost of mobilization is not limited to fiscal expenditures but manifests in the structural reallocation of productive human resources. Using qualitative institutional analysis and applied financial sector observations, the paper identifies three layers of impact: microeconomic disruption of small and medium enterprises, behavioral transformation of investment horizons, and long-term strategic risk associated with erosion of entrepreneurial initiative. The findings suggest that mobilization produces cumulative economic effects not immediately reflected in macroeconomic statistics but significant for long-term growth trajectories.
Keywords:
mobilization, human capital, institutional economics, investment behavior, SME sector, economic adaptation, strategic risk.
Author: Surеn Manukyan
ORCID: 0009-0003-5460-1848
Reviewers:
- Larisa Ivshina — ORCID: 0009-0007-5264-6566
- Nikolai Fedenev — ORCID: 0009-0004-5073-195X
DOI: pending
Full Text (PDF)
Manukyan_2022_Mobilization_Human_Capital_Reallocation_Israel_ComparativeReferences
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