Human capital—economic growth nexus in the former Soviet Bloc

Ararat Osipian ()

MPRA Paper from University Library of Munich, Germany

Abstract: This study analyses the role of education in economic development in the republics of the former Socialist Bloc and more specifically the impact of human capital on per capita economic growth in transition economies in the Russian Federation, and Ukraine. The factors that are associated with the human capital in terms of education levels are analyzed in order to measure this impact. Our approach is to estimate the significance of educational levels for initiating substantial economic growth. We estimate a system of linear and log-linear equations accounting for different time lags in the possible impact of human capital on economic growth.

Keywords: education; human capital; growth; transition; Russia; Ukraine (search for similar items in EconPapers)
JEL-codes: J24 O47 P24 (search for similar items in EconPapers)
Date: 2007-01-01
New Economics Papers: this item is included in nep-cis, nep-edu and nep-hrm
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:8463

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