Estimating Human and Physical Capital Stocks in Data-Scarce Environments: A Methodological Note and Application to Guatemala
AbstractThis paper presents a methodology to construct time series of human and physical capital, taking into consideration the data-scarce environment of a developing country. A particular focus is placed on the construction of the human capital stock, which is defined by average years of schooling. For the case of Guatemala, a country which is deficient in easily accessible data even within the Latin American context, the paper shows how reliable time series can be obtained for the period 1950-2002. As such, the results of this paper may be useful for data-generating exercises in developing countries with similar constraints. Moreover, the estimates presented here provide a valuable starting point for future regression or growth accounting analyses.
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Bibliographic InfoArticle provided by Euro-American Association of Economic Development in its journal International Journal of Applied Econometrics and Quantitative Studies .
Volume (Year): 2 (2005)
Issue (Month): 1 ()
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Web page: http://www.usc.es/economet/eaa.htm
Find related papers by JEL classification:
- I20 - Health, Education, and Welfare - - Education - - - General
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- N36 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Latin America; Caribbean
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Loening, J.L., 2004. "Human Capital, Technology diffusion and Economic Growth in Low-to-Middle Income Country: a time series perspective of Guatemala, 1950-2001," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 4(3).
- Psacharopoulos, George & Patrinos, Harry Anthony, 2002.
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