Economic Growth: Education as a Factor of Production

720 Pages Posted: 27 Apr 2008

Date Written: December 1, 2007


This book presents theoretical and empirical investigation of the possible impact of human capital on economic growth in transition economies of Ukraine, Russia, Poland, and Hungary during the period of 1990-2007. This research defines place and role of human capital in the process of transition from the exogenous to the endogenous forms of growth and socio-economic development. Substantial part of the book is devoted to the integrative scholarly synthesis with the special emphasis on theoretical aspects of economic growth. The research presents both exogenous and endogenous models of growth, including Harrod-Domar, Solow, Solow-Swan, Leontief, Mankiw, Barro, and other models.

Note: Downloadable document is in Russian.

Keywords: economic growth, human capital, transition

JEL Classification: J24, O47, P24

Suggested Citation

Osipian, Ararat, Economic Growth: Education as a Factor of Production (December 1, 2007). Available at SSRN: or

Ararat Osipian (Contact Author)

Vanderbilt University ( email )

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