Education, Industrial Development and Foreign Trade in Argentina: Econometric Models and International Comparisons
AbstractEconomic 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 InfoPaper provided by University of Santiago de Compostela. Faculty of Economics and Business. Econometrics. in its series Economic Development with number 67.
Length: 29 pages
Date of creation: 2003
Date of revision:
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Find related papers by JEL classification:
- C5 - Mathematical and Quantitative Methods - - Econometric Modeling
- C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
- E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
- I2 - Health, Education, and Welfare - - Education
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O54 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-10-20 (All new papers)
- NEP-DEV-2003-10-20 (Development)
- NEP-EDU-2003-10-20 (Education)
- NEP-LAB-2003-10-20 (Labour Economics)
- NEP-LAM-2003-10-20 (Central & South America)
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