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Human capital—economic growth nexus in the former Soviet Bloc

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  • Osipian, Ararat

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.

Suggested Citation

  • Osipian, Ararat, 2007. "Human capital—economic growth nexus in the former Soviet Bloc," MPRA Paper 8463, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:8463
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    Cited by:

    1. Osipian, Ararat, 2008. "Transforming University Governance in Ukraine: Collegiums, Bureaucracies, and Political Institutions," MPRA Paper 11058, University Library of Munich, Germany.

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    More about this item

    Keywords

    education; human capital; growth; transition; Russia; Ukraine;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • P24 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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