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Education, Industrial Development and Foreign Trade in Argentina: Econometric Models and International Comparisons

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  • Guisan, M.Carmen

    ()

  • Martinez, C.

Abstract

Economic policies in Argentina, during the last decades of the 20th century, have been generally focused more on monetary policies than on other questions really more related with economic development, such as expenditure on education and sustained industrial development, which unfortunately have not received enough attention. In this paper, we compare the economic development of Argentina with that of the OECD countries and Latin America, and we estimate some econometric models to relate education and foreign trade with industrial and non-industrial real Gross Domestic Product per inhabitant in Argentina during the period 1960-2000. These models show the important positive impact that human capital and industrial investment have on the development of Argentina. We suggest some changes in the economic policies priorities, for the first decade of the 21st century, in order to focus more on education and industrial development, learning from the best lessons of Ireland and other countries, to get fast increases of real Gdp per inhabitant, eradicate poverty and improve socio-economic well-being.

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Bibliographic Info

Paper provided by University of Santiago de Compostela. Faculty of Economics and Business. Econometrics. in its series Economic Development with number 67.

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Length: 29 pages
Date of creation: 2003
Date of revision:
Handle: RePEc:eaa:ecodev:67

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  1. Lawrence F. Katz & Claudia Goldin, 2001. "The Legacy of U.S. Educational Leadership: Notes on Distribution and Economic Growth in the 20th Century," American Economic Review, American Economic Association, vol. 91(2), pages 18-23, May.
  2. Paolera, Gerardo Della & Taylor, Alan M., 1999. "Economic Recovery from the Argentine Great Depression: Institutions, Expectations, and the Change of Macroeconomic Regime," The Journal of Economic History, Cambridge University Press, vol. 59(03), pages 567-599, September.
  3. Donald J. Robbins, 1999. "Gender, Human Capital and Growth: Evidence from Six Latin American Countries," OECD Development Centre Working Papers 151, OECD Publishing.
  4. Pereira, Luiz Carlos Bresser, 2000. "Incompetence and Confidence Building Behind Latin America S 20 Years Old Quasi-Stagnation," Textos para discussão 90, Escola de Economia de São Paulo, Getulio Vargas Foundation (Brazil).
  5. Jonathan Temple, 1999. "The New Growth Evidence," Journal of Economic Literature, American Economic Association, vol. 37(1), pages 112-156, March.
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Cited by:
  1. Guisan, Maria-Carmen & Exposito, Pilar, 2004. "The Impact of Industry and Foreign Trade on Economic Growth in China. An Inter-Sectoral Econometric Model, 1976-2002," Economic Development 76, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
  2. Hsing, Y., 2004. "Responses of Argentine Output to Shocks to Monetary Policy, Fiscal Policy and Exchange Rates: A VAR Model," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 4(1).
  3. Guisan, M.Carmen & Malacon, C. & Exposito, P., 2003. "Effects of the Integration of Mexico into NAFTA on Trade, Industry, Employment and Economic Growth," Economic Development 68, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..

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