Time series evidence on education and growth: the case of Guatemala
AbstractThis 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.
Upon submission of an article, authors are asked to indicate their agreement to abide by an open-access license. The license permits any user to download, print out, extract, archive, and distribute the article, so long as appropriate credit is given to the authors of the work. The license ensures that your article will be as widely available as possible and that your article can be included in any scientific archive. Please read about the Creative Commons Attribution License before submitting your paper.
Except where otherwise noted, content on this site is licensed under a Creative Commons Attribution 3.0 License