Article

A dataset on human capital in the former Soviet Union area; Sources, methods, and first results

01/2012;

ABSTRACT To date, the rise and fall of the (former) USSR has triggered a lot of research. Many have focused on the accumulation of physical capital, growth, and consumption. Recently, also the accumulation of human capital has increasingly been incorporated in this picture. However, few datasets exist that cover this crucial variable for this vast area. Therefore, our main objective is to introduce a new dataset that contains human capital related time series for the USSR (and the Newly Independent States (NIS) after its dissolution), constructed mostly on an annual basis. These data were drawn from various primary sources, available datasets and secondary literature where our focus was on constructing a dataset as clear, transparent and consistent as possible. It is our hope that, by supplying these data in electronic format, it will significantly advance quantitative economic history research on Russia and all over the former Soviet Union area (FSU) and will inspire further research in various new fields relating to intellectual production. The data presented in this paper follow after the discussion of the information value of the primary sources utilised, and the various problems that arose when linking and splicing the data from various sources. After constructing series of human capital indicators we perform a time-series and spatial analysis in order to identify the long-term trends of education penetration and of the human capital development in the FSU area with a strong emphasis on inequality issues between the NIS. Applying these results in a simple growth accounting framework provides us with some preliminary insights on the role of human capital in economic development in the FSU area.

Full-text

Available from: Bas Van Leeuwen, Jul 09, 2014
0 Followers
 · 
38 Views
  • Source
    [Show abstract] [Hide abstract]
    ABSTRACT: Endogenous growth theory suggests that human capital formation plays a significant role for the ‘wealth and poverty of nations.’ In contrast to previous studies which denied the role of human capital as a crucial determinant of for really long-term growth, we confirm its importance. Indicators of human capital like literacy rates are lacking for the period of 1450-1913; hence, we use per capita book production as a proxy for advanced literacy skills. This study explains how, and to what extent, growth disparities are a function of human capital formation.
    Journal of Economic Growth 02/2008; 13(3):217-235. DOI:10.2139/ssrn.1003128 · 2.46 Impact Factor
  • Source
    [Show abstract] [Hide abstract]
    ABSTRACT: In this paper, I develop a measure of human capital stock that is similar to measuring physical capital by its replacement cost. This measure builds on measures of average educational attainment of the labour force. While it is far from an ideal measure, it is an interesting complement to the educational attainment series and other existing measures of human capital accumulation. In cross-country panel regressions, use of this measure of human capital accumulation yields a positive and significant, but relatively small (about ten per cent) elasticity with per capita GDP growth. Unlike physical capital, the stock of human capital as a share of GDP increases with GDP. This is consistent with the Barro et al. (1995) model of growth with non-mobile human capital and with some predictions of Romer's (1990) model of endogenous growth, but it is not consistent with the predictions of some other growth models. Copyright 2002 by Blackwell Publishing Ltd and the Board of Trustees of the Bulletin of Economic Research
    Bulletin of Economic Research 02/2002; 54(3):209-31. DOI:10.1111/1467-8586.00150 · 0.19 Impact Factor
  • Source
    [Show abstract] [Hide abstract]
    ABSTRACT: There is a general consensus that human capital is a major determinant of economic development. However, the range of available human capital variables is very wide in both a technical and a theoretical sense, so that different human capital measures are sometimes only loosely correlated. This is partly because they capture different aspects of human capital ranging from the resources devoted to human capital creation (without taking account of market forces) to attaching a monetary value based on the market value of labour. Hence, different measures can lead to very different results and conclusions. This difference is especially prevalent in Eastern Europe, which experienced a massive expansion of formal education in the twentieth century which was not always matched by demand from the market or the efficiency of institutions. Consequently, if we look at the attainment figures only, we find that Eastern Europe had about 70-80% of the USA's human capital in per capita terms in the 1990s. Using methods that measure the market value of human capital, however, reduces this estimate to 10-20%.
    Post Communist Economies 06/2008; 20(2):189-201. DOI:10.1080/14631370802018932 · 0.46 Impact Factor