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The Impact Of Human Capital On Economic Growth. The Case Of Romania: 1990-2002

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  • Caraiani, Petre

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    (Institute for Economic Forecasting)

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    Abstract

    The purpose of this paper is to study and quantify the impact of the human capital in the process of economic growth in Romania over the 1990-2002 period. We will consider an augmented Cobb-Douglas production function to include the human capital, approximated by the number of schooling years per capita in the labor force. Building a comparison between a theoretical and a hypothetical GDP will outline the impact of the human capital upon the economic growth. (*This is the revised version of the paper submitted to the International Development Center of Japan for completion of the Development Policies Course, 2003, Tokyo, Japan).

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    Bibliographic Info

    Article provided by Institute for Economic Forecasting in its journal Romanian Journal of Economic Forecasting.

    Volume (Year): 1 (2004)
    Issue (Month): 3 (August)
    Pages: 5-16

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    Handle: RePEc:rjr:romjef:v:1:y:2004:i:3:p:5-16

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    Related research

    Keywords: Cobb-Douglas production function; transition economies; human capital; economic growth models;

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