The Impact of Human Capital on Economic Growth : A Case Study in Post-Soviet Ukraine, 1989–2009

Despite Its Strategic Location, Squeezed Between The West And Russia, The Ukraine Has Remained An Unknown Land Since Gaining Its Independence In 1991. This Book Presents Theoretical And Empirical Investigation Of The Impact Of Human Capital On Economic Growth In Ukraine During The Period Of 1989-2009. It Defines Place And Role Of Human Capital In The Process Of Transition From The Exogenous To The Endogenous Forms Of Growth. Genesis Of The Growth Theories -- Endogenous Economic Growth In Ukraine -- Economic Growth In Ukraine And Other Nis -- Empirical Study. Ararat L. Osipian. Includes Bibliographical References And Index. Cover......Page 1 Contents......Page 6 List of Figures......Page 10 List of Tables......Page 12 Foreword......Page 14 Preface......Page 16 Introduction......Page 18 1.1 Early Concepts of Growth......Page 22 1.2 Classics of Economic Growth......Page 24 1.3 Schumpeter's Creative Destruction and Beyond......Page 25 1.4 Modern Theories of Growth......Page 27 1.5 Solow Model of Exogenous Growth......Page 33 1.6 Leontief 's Poverty Trap......Page 38 1.7 Growth Reconsidered: Endogeneity of Human Capital......Page 44 1.8 Institutions and Growth......Page 48 1.9 Dependency Theory and Structuralists......Page 52 1.10 Economic Development-Growth-Transition Triangle......Page 54 1.11.1 Inferences for the Post-Soviet Ukraine......Page 60 1.11.2 Economic Growth in the Works of Ukrainian and Russian Economists......Page 67 1.12 Concluding Remarks......Page 69 2.1 Possibility of Endogenous Growth in Ukraine......Page 72 2.2 Place of Growth in the Transition Economy of Ukraine......Page 81 2.3 Growth Forecasts and their Explanation......Page 89 2.4 Transition from Exogenous to Endogenous Economic Growth......Page 96 2.5.1 Basis for Corruption......Page 108 2.5.2 Education Corruption......Page 111 2.5.3 Education Corruption in Ukraine......Page 114 2.5.4 Impact of Education Corrupt ion on Growth......Page 120 2.6 Concluding Remarks......Page 127 Part III Economic Growth in Ukraine and other NIS......Page 128 3.1.1 Cumulative Output Decline and Period of Recovery......Page 129 3.1.2 Corruption and its Impact on Economic Growth......Page 132 3.1.3 Shadow Sector, Unofficial Economy, and its Size......Page 134 3.1.4 Energy Production and Consumption......Page 138 3.2.1 Structure of GDP Growth by Expenditures in Ukraine......Page 140 3.2.2 Volume of Direct and Portfolio Investments in Ukraine......Page 141 3.2.3 Capital Flight, Foreign Debt, and Debt Service in Ukraine......Page 143 3.2.4 Unemployment and the Labor Market in Ukraine and other NIS......Page 145 3.3.1 Population Income in Ukraine......Page 148 3.3.2 Dynamics of Personal Income and Consumer Price Index in Ukraine......Page 150 3.3.3 Labor Productivity and Wages in Ukraine......Page 154 3.4 Human Capital......Page 155 3.4.1 Access to Education, Health Care, and Housing......Page 156 3.4.2 Life Expectancy......Page 163 3.4.3 Socioeconomic Progress: Openness and Well-Being......Page 164 3.4.4 R&D in Ukraine......Page 166 3.5 Concluding Remarks......Page 168 4.1 The Endogenous Model of Economic Growth......Page 170 4.2.1 The Data......Page 172 4.2.2 Empirical Results......Page 173 4.3.1 The Data......Page 176 4.3.2 Empirical Results......Page 178 4.4 Concluding Remarks......Page 187 4.5 Conclusions and Policy Recommendations......Page 189 Appendix I......Page 194 Appendix II......Page 196 References......Page 198 H......Page 226 T......Page 227 Y......Page 228