Can Educational Attainment Explain Total Factor Productivity? Growth Accounting Evidence from Seven Transition Countries for the Period 1991-2000
Kaloyan Ganev ()
GE, Growth, Math methods from University Library of Munich, Germany
In this paper we use growth accounting methodology to study whether human capital explains a part of total factor productivity in transition. The results that are obtained are not in support of the theoretical findings of growth theory that human capital is a major determinant of growth and productivity. However, eventually we continue to believe that the reasons for this misfit to theory lie in the very nature of data and not in the specifics of the methodology used.
Keywords: educational attainment; productivity; growth; transition; human capital (search for similar items in EconPapers)
JEL-codes: C6 D5 D9 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eff, nep-hrm and nep-tra
Note: Type of Document - pdf; pages: 23
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpge:0512004
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