THE IMPACT OF HUMAN CAPITAL ON ECONOMIC GROWTH. THE CASE OF ROMANIA: 1990-2002*

Petre Caraiani ()
Additional contact information
Petre Caraiani: Institute for Economic Forecasting

Journal for Economic Forecasting, 2004, vol. 1, issue 3, 5-16

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).

Keywords: Cobb-Douglas production function; transition economies; human capital; economic growth models (search for similar items in EconPapers)
JEL-codes: J21 O41 (search for similar items in EconPapers)
Date: 2004
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rjr:romjef:v:1:y:2004:i:3:p:5-16

Access Statistics for this article

Journal for Economic Forecasting is currently edited by Lucian Liviu Albu and Corina Saman

More articles in Journal for Economic Forecasting from Institute for Economic Forecasting Contact information at EDIRC.
Bibliographic data for series maintained by Corina Saman ( this e-mail address is bad, please contact ).