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An Econometric Approach of Computing Competitiveness Index in Human Capital

Author

Listed:
  • Salahodjaev, Raufhon
  • Nazarov, Zafar

Abstract

The aim of this paper is to provide methodology of estimating one of the components (pillar) of the Global Competitiveness Index (GCI), health and primary education (HPE) pillar for not included in the Global Competitiveness Report countries using conventional econometric techniques. Specifically, using the weighted least square and bootstrapping methods, we enable to compute the HPE for two countries of the former Soviet Union, Uzbekistan and Belarus and then compare the computed indices to the indices of other countries. This allows us to understand the current situation in human capital development in these two countries

Suggested Citation

  • Salahodjaev, Raufhon & Nazarov, Zafar, 2013. "An Econometric Approach of Computing Competitiveness Index in Human Capital," MPRA Paper 55273, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:55273
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    File URL: https://mpra.ub.uni-muenchen.de/55273/1/MPRA_paper_55273.pdf
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    References listed on IDEAS

    as
    1. Gary S. Becker & Kevin M. Murphy & Robert Tamura, 1994. "Human Capital, Fertility, and Economic Growth," NBER Chapters,in: Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education (3rd Edition), pages 323-350 National Bureau of Economic Research, Inc.
    2. Peter Lorentzen & John McMillan & Romain Wacziarg, 2008. "Death and development," Journal of Economic Growth, Springer, vol. 13(2), pages 81-124, June.
    3. Becker, Gary S & Lewis, H Gregg, 1973. "On the Interaction between the Quantity and Quality of Children," Journal of Political Economy, University of Chicago Press, vol. 81(2), pages 279-288, Part II, .
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Competitiveness; Uzbekistan; developing economies; human capital; econometric;

    JEL classification:

    • I1 - Health, Education, and Welfare - - Health
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development

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