The Role of Production Progress and Human Capital in the Economic Growth of Latvia

The paper sets a goal to assess the significance of production progress and human capital for the Latvian economy and to estimate long-term growth rates of the country's economic development. The authors made an attempt to construct a production function using non-linear modelling. In order to improve the production function model for Latvia, the authors augmented the model by human capital approximation.

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Year of publication:	2006-12-18
Authors:	Melihovs, Aleksejs ; Davidsons, Gundars
Institutions:	Latvijas Banka
Subject:	production function \| non-linear modelling \| human capital \| total factor productivity

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2006/03
Classification:	C32 - Time-Series Models ; E23 - Production ; J24 - Human Capital; Skills; Occupational Choice; Labor Productivity ; O47 - Measurement of Economic Growth; Aggregate Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005012873