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An Estimation of the Human Capital Stock in Eastern and Central Europe

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  • PÉTER FÖLDVÁRI
  • BAS VAN LEEUWEN

Abstract

Using the method suggested by Dagum and Slottje (2000), this study estimates the value of national and per capita human capital for six Central and Eastern European countries: Hungary, Slovakia, Poland, Estonia, Bulgaria, and Russia. The estimates are based on available household surveys for 1993, 1995, and 1997. The results indicate that the per capita human capital stock was much lower in Central and Eastern Europe than in the United States in 1982 as estimated by Dagum and Slottje. This paper also shows that the human capital estimates by the Dagum-Slottje method are subject to a sample selection bias, which can be corrected by the Heckman selection model.

Suggested Citation

  • Péter Földvári & Bas Van Leeuwen, 2006. "An Estimation of the Human Capital Stock in Eastern and Central Europe," Eastern European Economics, Taylor & Francis Journals, vol. 43(6), pages 53-65, December.
    • Handle: RePEc:mes:eaeuec:v:43:y:2006:i:6:p:53-65
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    Cited by:

    1. Giuseppe Folloni & Giorgio Vittadini, 2010. "Human Capital Measurement: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 24(2), pages 248-279, April.
    2. Pietro Giorgio Lovaglio & Gianmarco Vacca & Stefano Verzillo, 2016. "Human capital estimation in higher education," Advances in Data Analysis and Classification, Springer;German Classification Society - Gesellschaft für Klassifikation (GfKl);Japanese Classification Society (JCS);Classification and Data Analysis Group of the Italian Statistical Society (CLADAG);International Federation of Classification Societies (IFCS), vol. 10(4), pages 465-489, December.
    3. Philip Kostov & Julie Le Gallo, 2018. "What role for human capital in the growth process: new evidence from endogenous latent factor panel quantile regressions," Scottish Journal of Political Economy, Scottish Economic Society, vol. 65(5), pages 501-527, November.
    4. Johan Fourie & Jörg Baten, 2012. "Slave numeracy in the Cape Colony and comparative development in the eighteenth century," Working Papers 270, Economic Research Southern Africa.

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