Time series evidence on education and growth: the case of Guatemala

  • Josef L. Loening The World Bank, Washington D.C. and Ibero-America Institute for Economic Research, University of Goettingen

Abstract

This 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.
How to Cite
Loening, J. L. (1). Time series evidence on education and growth: the case of Guatemala. Economic Analysis Review, 19(2), 3-40. Retrieved from https://www.rae-ear.org/index.php/rae/article/view/38
Issue
Vol. 19 No. 2 (2004)
Section
Articles

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