Human Capital, Technology Diffusion and Economic Growth in Low-to-Middle Income Country: A Time Series Perspective of Guatemala, 1950-2001

16 Pages Posted: 19 Aug 2008

See all articles by Josef Ludger Loening

Josef Ludger Loening

University of Goettingen (Gottingen) - Ibero-America-Institute for Economic Research

Date Written: August 17, 2008

Abstract

This paper investigates the impact of human capital on economic growth in Guatemala through the application of an error-correction methodology. Two channels are analyzed, by which human capital is expected to influence growth. A better-educated labor force appears to have a positive and significant impact on economic growth both via factor accumulation as well as on the evolution of total factor productivity. The results have been found robust concerning data issues and parameter stability.

Keywords: Education, Growth, Econometrics, Guatemala

JEL Classification: C22, C51, I20, O54

Suggested Citation

Loening, Josef Ludger, Human Capital, Technology Diffusion and Economic Growth in Low-to-Middle Income Country: A Time Series Perspective of Guatemala, 1950-2001 (August 17, 2008). Applied Econometrics and International Development, Vol. 4, No. 3, 2004. Available at SSRN: https://ssrn.com/abstract=1232346

Josef Ludger Loening

University of Goettingen (Gottingen) - Ibero-America-Institute for Economic Research ( email )

Oeconomicum II/99
Platz der Goettinger Sieben 3
Goettingen, 37073
Germany
+49 (551) 39-8172 (Phone)
+49 (551) 39-8173 (Fax)

HOME PAGE: http://www.iai.wiwi.uni-goettingen.de

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