Human capital—economic growth nexus in the former Soviet Bloc
AbstractThis study analyses the role of education in economic development in the republics of the former Socialist Bloc and more specifically the impact of human capital on per capita economic growth in transition economies in the Russian Federation, and Ukraine. The factors that are associated with the human capital in terms of education levels are analyzed in order to measure this impact. Our approach is to estimate the significance of educational levels for initiating substantial economic growth. We estimate a system of linear and log-linear equations accounting for different time lags in the possible impact of human capital on economic growth.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 8463.
Date of creation: 01 Jan 2007
Date of revision:
education; human capital; growth; transition; Russia; Ukraine;
Find related papers by JEL classification:
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- P24 - Economic Systems - - Socialist Systems and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-04-29 (All new papers)
- NEP-CIS-2008-04-29 (Confederation of Independent States)
- NEP-EDU-2008-04-29 (Education)
- NEP-HRM-2008-04-29 (Human Capital & Human Resource Management)
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