Osipian, Ararat (2007): Role of Education in Economic Growth in the Russian Federation and Ukraine.
Download (229kB) | Preview
This study analyses the role and impact of education on economic growth in the two largest economies of the former Soviet Bloc, namely, the Russian Federation and Ukraine. It attempts to estimate the significance of different educational levels, including secondary and tertiary education, for initiating substantial economic growth that now takes place in these two countries. This study estimates the model of endogenous economic growth and the system of linear and log-linear equations that account for different time lags in the possible impact of higher education on economic growth. The model estimation shows that there is no significant impact of educational attainment on economic growth. The results from the system of equations indicate that an increase in access of population to higher education brings positive results for the per capita GDP growth in the long term. Increasing the number of college-educated specialists leads to sustainable economic growth. The suggestion can be made that the ground for the 2000-2007 rapid economic growth in Ukraine and in the Russian Federation was laid down in early 1990s. This contradicts commonly accepted perception about the crisis decade of 1990s in the former Soviet Bloc.
|Item Type:||MPRA Paper|
|Original Title:||Role of Education in Economic Growth in the Russian Federation and Ukraine|
|Keywords:||economic growth, education, Russia, Ukraine|
|Subjects:||P - Economic Systems > P2 - Socialist Systems and Transitional Economies > P27 - Performance and Prospects
O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O40 - General
|Depositing User:||Ararat Osipian|
|Date Deposited:||10. Mar 2008 01:17|
|Last Modified:||12. Feb 2013 11:48|
Barro, R. (1997). Determinants of Economic Growth: A Cross-Country Empirical Study. New York: Cambridge University Press. Barro, R. (2000). Inequality and Growth in a Panel of Countries. Journal of Economic Growth, 1, pp. 5-32. Barro, R., & Lee, J. (1996). International Measures of Schooling Years and Schooling Quality. American Economic Review, 86, pp. 218-223. Barro, R., & Sala-i-Martin, X. (1999). Economic Growth. Boston: The MIT Press. Boon, P. (1996). Politics and the Effectiveness of Foreign Aid. European Economic Review, 40(2), pp. 289-329. Burnside, C., & Dollar, D. (2000). Aid, Policies and Growth. American Economic Review, 90, pp. 847-867. Carlberg, M. (1997). International Economic Growth. Berlin: Phisica-Verlag. Dorfman, R., Samuelson, P., & Solow, R. (1958). Linear Programming and Economic Analysis. New York: Penguin. Dornbush, R. (1996). Stabilization, Debt, and Reform. Policy Analysis for Developing Countries. London: Prentice Hall. Hansen H., & Tarp, F. (2001). Aid and Growth Regression. Journal of Development Economics, 64(2), p. 547-570. Kalaitzidakis, P., Mamuneas, T., Savvides, A., & Stengos, T. (2001). Measures of Human Capital and Nonlinearities in Economic Growth. Journal of Economic Growth, 3, pp. 229-254. Lensink, R., & Kuper, G. (2000). Recent Advances in Economic Growth: a Policy Perspective. In M. S. Oosterbaan, Thijs de Ruyter van Steveninck, and N. van der Windt (Eds.). The Determinants of Economic Growth. New York: Kluwer Academic Publisher, 2000. Lensink, R., & Morrissey, O. (1999). Aid Instability as a Measure of Uncertainty and the Positive Impact of Aid on Growth. CREDIT Research Paper 99/6, University of Nottingham. Leontief, W. (1938). The Significance of Marxian Economics for Present-day Economic Theory. American Economic Review. Leontief, W. (1958). Theoretical Note of Time-Preference, Productivity of Capital, Stagnation, and Economic Growth. American Economic Review, 1. Leontief, W. (1966). Essays in Economics: Theories and Theorizing. Oxford: Oxford University Press. Mankiw, G., Romer, D., & Weil, D. (1992). A Contribution to the Empirics of Economic Growth. The Quarterly Journal of Economics, 2, pp. 407-437. Valdes, B. (1999). Economic Growth: Theory, Empirics, and Policy. Northampton: Edward Elgar Publishing.