The Role of Production Progress and Human Capital in the Economic Growth of Latvia
The paper sets a goal to assess the significance of production progress and human capital for the Latvian economy and to estimate long-term growth rates of the country's economic development. The authors made an attempt to construct a production function using non-linear modelling. In order to improve the production function model for Latvia, the authors augmented the model by human capital approximation.
|Date of creation:||18 Dec 2006|
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