Drukerovskij vestnik 2016; 2:
http://dx.doi.org/10.17213/2312-6469-2016-3-70-77
CAPITALIZATION OF PROFESSIONAL KNOWLEDGE AS A FACTOR OF ECONOMIC DEVELOPMENT
Sirotin Viacheslav P. – Candidate of Engineering Sciences, Professor of
National Research University - Higher School of Economics, Moscow, Russia.
20 Myasnickaya st., Moscow, 101000, Russia
Тел.: +7(916) 394-41-50; e-mail: vpsirotin@yandex.ru
Egorov Alexey А. – student of National Research University - Higher
School of Economics, Moscow, Russia.
20 Myasnickaya st., Moscow, 101000, Russia
Тел.: +79164961022; e-mail: gelya-v@mail.ru
Abstract
The paper is focused on the study of the relationship between the duration of
educational process and the fundamental macroeconomic indicators in different countries.
We estimate the physical capital stock elasticity and human capital elasticity of the gross
domestic product for considered countries. Average years of schooling is used as a measure
of the human capital stock and this approach allows us to use Cobb-Douglas production
function for estimation of the return to education.
Keywords: physical capital, human capital, return to education, wages, level of education.
Full text: [in elibrary.ru]
References
1. Гимпельсон В.Е., Капелюшников Р.И., Лукьянова А.Л. Уровень образования
российских работников: оптимальный, избыточный, недостаточный? // Препринт серии
WP3, Центр Трудовых Исследования НИУ-ВШЭ, 2010.
2. Ощепков А.Ю. Что влияет на отдачу от образования: межрегиональный
анализ // Экономический журнал ВШЭ. – 2011. – Т. 15. № 1. – С. 34-49.
3. Becker G. Human capital, 3rd edition. Chicago: Chicago university press, 1993.
4. Beeson E. Amenities and regional differences in returns to worker characteristics //
Journal of Urban Economics. 1991. Vol. 30, No 2: 224-241.
5. Bernanke B., Gurkayna R. Is growth exogenous? Taking Mankiw, Romer and Weil
Seriously // NBER Macroeconomics Annual. 2001. Vol. 16: 12-57.
6. Baltagi B. Econometric analysis of panel data, 3rd edition. John Wieley & Sons,
2007.
7. Chiswick K. Income inequality: regional analysis within a human capital
framework. N.Y.: University of Columbia press, 1974.
8. R. Barro, Lee J. A new data set of educational attainment in the world, 1950-2010 //
Journal of Development Economics. Elsevier. 2013. Vol. No 104(C): 184-198.