The main objective of the paper is to provide an estimation of the impact of the investments in education and science in Bulgaria, financed by the European structural instruments. It provides net impact assessment as of end of 2012 as well as projections of potential effect until 2020. The...

The question raised in the present paper is: What is the human capital during the communism and which are the key political and economic determinants of its formation during this period? Firstly, a measurement of the human capital is conducted on the basis of quantitative educational indicators....

In Bulgaria, during the transition to market-oriented economy, many analyzes are based on the widely held view that one of the positive legacies of the economies in transition (particularly that of Bulgaria) is the high level of human capital. The high degree of development of education and...

This article has two main objectives: The first one is to review the most commonly used methods of measuring human capital in the macroeconomic analysis. Here, a summary of methods considering educational characteristics of population and labour force is presented, such as usage of literacy...

Is it true that communist countries had well-developed human capital, or is it just a myth? What were human capital stocks at the beginning of transition to market economy? What happened to human capital formation during the transition? We attempt to answer these questions using evidence from...

What is the level of accumulated human capital in an economy in transition? Does education determine labour income in transition economies? In this study we try to answer these questions using data on 148,942 employees in 13 economic activities in Bulgaria. In the first place, we refer to the...