Can Educational Attainment Explain Total Factor Productivity? Growth Accounting Evidence from Seven Transition Countries for the Period 1991-2000
Sofia University St. Kliment Ohridski, FEBA
September 29, 2005
Journal of World Economic Review, Vol. 2, No. 1, January-June 2007
Annual Book of Sofia University 'St Kliment Ohridski', Faculty of Economics and Business Administration, Vol. 6, 2007
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.
Number of Pages in PDF File: 23
Keywords: educational attainment, human capital, total factor productivity
JEL Classification: J24, O47working papers series
Date posted: March 21, 2012
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