Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/33950
Authors: 
Beirne, John
Campos, Nauro F.
Year of Publication: 
2006
Series/Report no.: 
IZA Discussion Papers 2502
Abstract: 
Conventional wisdom suggests that the stocks of human capital were one of the few positive legacies from communism. However, if factories under communism were so inefficient, why would the education system not have been? Using the education production function approach and new data on educational inputs and outcomes from 1960 to 1989, we find evidence suggesting that the official human capital stocks figures were over-estimated during the communist period. In other words, we find that the official human capital stock numbers are significantly higher than those predicted not only in relation to countries at similar levels of development, but also on the basis of educational systems with comparable features and efficiency levels.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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