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EN
The paper does a statistical analysis of the influence of two crucial components of human capital – education and health – on economic growth in OECD countries from 1992 to 2007. The analysis was based on the production function derived from Mankiw, Romer and Wiel’s neoclassical growth model (1992). The calculation was conducted based on least squares and fixed effects methods. The results show that, while perhaps to a lesser extent than physical capital, human capital has a positive impact on economic growth in OECD countries. It is also shown that education supports per capita GDP growth to a greater extent than improving the condition of health.
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