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Education, Gender Equality, Social Well-Being And Economic Development In American Countries, 2000-2010

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  • GUISAN, Maria-Carmen
  • AGUAYO, Eva

Abstract

We analyse the important role of education in economic development and social wellbeing of American countries, including indicators of gender opportunities for development as part of social well-being. In this regard we select some indicators which usually have a great importance for reaching improvements in social well-being such as Government effectiveness and voice of citizens, among Governance Indicators, and the indicator of interpersonal trust from World Values Survey. Regarding life satisfaction we analyse the correlations of three indexes with economic development and other variables. The USA and Canada have a clear outstanding position in average educational indicators and other variables, while only a few Latin American and Caribbean countries show values of education spending above World average. In spite of the UN declaration of the Millennium Development Goals (MDGs) many American countries show very low levels of education spending for the period 2000-2007. Fostering international cooperation to finance education is of uppermost importance to achieve the MDGs in those cases, and to guarantee socio-economic development. Regarding economic and social equality of opportunities for Women we find also a positive impact of education. Finally we present some econometric models which relate life satisfaction with economic development, gender equality and other variables.

Suggested Citation

  • GUISAN, Maria-Carmen & AGUAYO, Eva, 2010. "Education, Gender Equality, Social Well-Being And Economic Development In American Countries, 2000-2010," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 10(2).
    • Handle: RePEc:eaa:aeinde:v:10:y:2010:i:2_8
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    References listed on IDEAS

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    1. Barro, Robert J. & Lee, Jong-Wha, 1994. "Sources of economic growth," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 40(1), pages 1-46, June.
    2. Guisan, M.Carmen & Cancelo, M.Teresa, 2001. "Economic Development in OECD Countries during the 20th Century," Economic Development 49, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
    3. GUISAN, Carmen & Neira, Isabel, 2006. "Direct and Indirect Effects of Human Capital on World Development, 1960-2004," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 6(1), pages 17-34.
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. 16. Euro-American Association of Economic Development: Comments on poverty, world development and the book by P. Collier "The poverty bottom billion"
      by MCG Blogs de Economía in Euro-American Association: World Development on 2011-02-21 09:40:00
    2. 30. Selected readings on Women economics by the Euro-American Associations, 2001-2017
      by MCG Blogs de Economía in Euro-American Association: World Development on 2018-03-17 18:42:00
    3. 38. Selected Readings on World Development in journal AEID: America, 2001-2020
      by MCG Blogs de Economía in Euro-American Association: World Development on 2020-01-17 20:24:00

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    Cited by:

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    2. MAGAZZINO, Cosimo & LEOGRANDE, Angelo, 2021. "Subjective Well-Being In Italian Regions: A Panel Data Approach," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 21(1), pages 1-18.
    3. Mohammad ALAWIN & Nour SBITANY, 2019. "Gender Inequality And Economic Development In The Mena Region," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 19(1), pages 81-96.

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    More about this item

    Keywords

    Life Satisfaction; quality of government; human capital; gender empowerment; American countries; economic development; trust; Latin America;
    All these keywords.

    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • I2 - Health, Education, and Welfare - - Education
    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • O51 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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