The Impact of Human Capital on Economic Growth

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.

"Provides a very thorough review of the mainstream literature on economic growth . . . This volume will interest those studying Ukraine's economy or the role of education in economic development . . .Recommended." - Choice

"The ideas of public spending and foreign investment as major engines of economic growth, especially in developing nations, are now replaced with ideas about the importance of reinvestment and development of domestic market. Theories of import substitution compete with post-structuralism. In education, long dominated concept of manpower forecasting gives way to market reforms. These two trends - structural reforms with domestic market development and market reforms in the education sector - define the future landscape of transition economies. This book fills the gap between the rapid economic growth as an objective economic reality of Ukraine and the lack of scholarly literature on the issue." - Victor Supyan, Deputy Director and Professor, Institute for the USA and Canadian Studies, Russian Academy of Sciences

ARARAT L. OSIPIAN is a PhD candidate in the Department of Leadership, Policy, and Organizations at Peabody College of Education, Vanderbilt, USA.