Caraiani, Petre - In: Journal for Economic Forecasting 1 (2004) 3, pp. 5-16
The purpose of this paper is to study and quantify the impact of the human capital in the process of economic growth in Romania over the 1990-2002 period. We will consider an augmented Cobb-Douglas production function to include the human capital, approximated by the number of schooling years...