Time Series Evidence on Education and Growth: The Case of Guatemala, 1951-2002

38 Pages Posted: 22 Aug 2008

See all articles by Josef Ludger Loening

Josef Ludger Loening

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

Date Written: December 1, 2004

Abstract

his article investigates the impact of education on economic growth in Guatemala for the 1951-2002 period. An error-correction model shows that a better-educated labor force has a positive and significant impact on economic growth. A growth-accounting framework demonstrates that human capital explains about 50 percent of output growth. The findings are robust to changes to the conditioning set of variable, while controlling for data issues and endogeneity. The results also compare favorably with the microeconomic evidence.

Keywords: Education, Economic Growth, Econometrics, Guatemala

JEL Classification: I20, C22, C51, O54

Suggested Citation

Loening, Josef Ludger, Time Series Evidence on Education and Growth: The Case of Guatemala, 1951-2002 (December 1, 2004). Revista de Analisis Economico, Vol. 19, No. 2, 2004. Available at SSRN: https://ssrn.com/abstract=1244563

Josef Ludger Loening (Contact Author)

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

Register to save articles to
your library

Register

Paper statistics

Downloads
152
Abstract Views
855
rank
192,284
PlumX Metrics