Template-Type: ReDIF-Paper 1.0
Author-Name: Aleksejs Melihovs
Author-X-Name-First: Aleksejs
Author-X-Name-Last: Melihovs
Author-Workplace-Name: Bank of Latvia
Author-Name: Gundars Davidsons
Author-X-Name-First: Gundars
Author-X-Name-Last: Davidsons
Author-Workplace-Name: Bank of Latvia
Title: The Role of Production Progress and Human Capital in the Economic Growth of Latvia
Abstract: 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.
Creation-Date: 2006-12-18
File-URL: https://www.bank.lv/public_files/images/img_lb/izdevumi/english/citas/Production_Progress_Human_Capital_Economic_Growth.pdf
File-Format: Application/pdf
File-URL: https://www.macroeconomics.lv/sites/default/files/production_progress_human_capital_economic_growth.pdf
File-Format: Application/pdf
Number: 2006/03
Classification-JEL: C32, E23, J24, O47
Keywords: production function, non-linear modelling, human capital, total factor productivity
X-File-Ref: https://repec.bank.lv/refs/wpaper200603.txt
Handle: RePEc:ltv:wpaper:200603