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Average Years of Education in Hungary: Annual Estimates, 1920-2006

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  • Péter Földvári
  • Bas van Leeuwen

Abstract

The average years of education, an indicator of the average educational attainment in a population, is a widely used proxy of human capital stock in the empirical literature. Its application is somewhat limited by data availability, even though annual series have already been created for a few countries. This paper offers an annual series of the average years of education in Hungary between 1920 and 2006, estimated by a version of the Barro-Lee (2001) methodology modified to correct the systematic bias arising from the assumption that mortality and educational attainment are uncorrelated. Using the new series, we also carry out a simple growth-accounting exercise and find that human capital accumulation was a major determinant of economic growth in Hungary, though only in the 1990s.

Suggested Citation

  • Péter Földvári & Bas van Leeuwen, 2009. "Average Years of Education in Hungary: Annual Estimates, 1920-2006," Eastern European Economics, Taylor & Francis Journals, vol. 47(2), pages 5-20, March.
    • Handle: RePEc:mes:eaeuec:v:47:y:2009:i:2:p:5-20
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    Cited by:

    1. Van Leeuwen, Bas & van Leeuwen-Li, Jieli & Foldvari, Peter, 2011. "Regional human capital in Republican and New China: Its spread, quality and effects on economic growth," MPRA Paper 43582, University Library of Munich, Germany.

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