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Влияние На Човешкия Капитал Върху Икономическия Растеж (България, 1949-2005 Г.)
[The Impact of Human Capital on the Economic Growth (Bulgaria, 1949-2005)]

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  • Simeonova-Ganeva, Ralitsa

Abstract

In Bulgaria, during the transition to market-oriented economy, many analyzes are based on the widely held view that one of the positive legacies of the economies in transition (particularly that of Bulgaria) is the high level of human capital. The high degree of development of education and science is considered one of the few highly valued achievements of the socialist economy. Discussions focused on policies to stimulate economic growth indicate that the proper education of the workforce is an essential prerequisite to achieve positive macroeconomic results. Despite these opinions, however, the economic literature still lacks comprehensive empirical studies based on quantitative analysis on the relationship between human capital and economic growth in Bulgaria for the years of socialism and the transition. The purpose of the thesis is to analyze the impact of human capital on economic growth in Bulgaria during the years of socialism and the transition using the concepts of the modern theory of economic growth. The successful study is based on the following research tasks: 1. Study, systematization and classification of theoretical and empirical models of growth, dealing with the impact of human capital on macroeconomic growth; 2. Study of different approaches to measuring human capital in growth theory and analysis of their possible application to the measurement of human capital in Bulgaria; 3. Investigation of sources of information and the processes of formation of human capital in the years of socialism; 4. Construction of statistical series for human capital in Bulgaria for the period 1948-2005, based on quantitative educational statistics of population and employment; 5. Analysis of the dynamics of human capital in the period of socialism and the transition; 6. Identification, investigation and analysis of certain key administrative and economic factors affecting the formation of human capital in Bulgaria; 7. Investigation of the influence the efficiency of investment in human capital on growth through the modification of patterns of R. Lucas and G. Mankiw, D. Romer and D. Wilde; 8. Study the impact of human capital on economic growth for the period 1949-1989, the analysis based on causation and assessment of long and short term relationships; 9. Study the impact of human capital on economic growth from 1990-2005, based on neoclassical and endogenous growth model.

Suggested Citation

  • Simeonova-Ganeva, Ralitsa, 2006. "Влияние На Човешкия Капитал Върху Икономическия Растеж (България, 1949-2005 Г.) [The Impact of Human Capital on the Economic Growth (Bulgaria, 1949-2005)]," MPRA Paper 37244, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:37244
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    More about this item

    Keywords

    human capital; economic growth; transition; communism; human capital formation;
    All these keywords.

    JEL classification:

    • N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
    • I2 - Health, Education, and Welfare - - Education
    • Y40 - Miscellaneous Categories - - Dissertations - - - Dissertations
    • P5 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems
    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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