An Econometric Approach of Computing Competitiveness Index in Human Capital

Raufhon Salahodjaev and Zafar Nazarov

MPRA Paper from University Library of Munich, Germany

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

Keywords: Competitiveness; Uzbekistan; developing economies; human capital; econometric (search for similar items in EconPapers)
JEL-codes: I1 I15 (search for similar items in EconPapers)
Date: 2013
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Published in Journal of Applied Economics and Business Research 1.3(2013): pp. 51-64

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