Education and Economic Growth in Chile
AbstractHuman Capital, or more precisely education, plays an important role in economic growth. Chile's structural reforms in this front have contributed with more than one percentage point of higher growth during the nineties. If we continue in the same human capital trend growth, or even better, if we achieve radical changes that puts us at the standards for developed nations, we could benefit from substantially higher growth rates. This paper critically reviews the Chilean education system and identifies quality as its mayor problem. We study the reforms and their effects on quantity and quality of education and propose further changes that will generate substantial improvements and potential benefits in increased future growth.
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Bibliographic InfoPaper provided by Central Bank of Chile in its series Working Papers Central Bank of Chile with number 289.
Date of creation: Dec 2004
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-01-02 (All new papers)
- NEP-DEV-2005-01-02 (Development)
- NEP-LAM-2005-01-02 (Central & South America)
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- World Bank, 2007. "Building Knowledge Economies : Advanced Strategies for Development," World Bank Publications, The World Bank, number 6853, October.
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