IDEAS home Printed from https://ideas.repec.org/p/ecr/col037/44599.html
   My bibliography  Save this paper

Financing of education and technical and vocational education and training (TVET) in Latin America and the Caribbean

Author

Listed:
  • Hanni, Michael

Abstract

A key pre-requisite for achieving the Sustainable Development Goals is accessible and inclusive quality education (SDG 4). Research has shown that investments in human capital —by the public sector, by firms and by households— have a significant impact on economic performance as well as individual and social wellbeing. The role of technical and vocation education and training (TVET) in this process is key, especially as the global and regional economy undergoes significant changes. The world of work is evolving rapidly, as productive structures adapt to the shifts induced by the emergence of new technologies and new business models. Skills in this environment tend to depreciate quickly and therefore must be continually updated. The focus of this paper is therefore to review initial financing for education and TVET in Latin America and the Caribbean, which is defined as those resources that derive directly from governments, households and firms, with the aim to support the formulation of a TVET financing framework for the region.

Suggested Citation

  • Hanni, Michael, 2019. "Financing of education and technical and vocational education and training (TVET) in Latin America and the Caribbean," Macroeconomía del Desarrollo 44599, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    • Handle: RePEc:ecr:col037:44599
    as

    Download full text from publisher

    File URL: http://repositorio.cepal.org/handle/11362/44599
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Eric Hanushek & Ludger Woessmann, 2012. "Do better schools lead to more growth? Cognitive skills, economic outcomes, and causation," Journal of Economic Growth, Springer, vol. 17(4), pages 267-321, December.
    3. Almeida, Rita & Carneiro, Pedro, 2009. "The return to firm investments in human capital," Labour Economics, Elsevier, vol. 16(1), pages 97-106, January.
    4. Gary S. Becker & Kevin M. Murphy & Robert Tamura, 1994. "Human Capital, Fertility, and Economic Growth," NBER Chapters, in: Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education, Third Edition, pages 323-350, National Bureau of Economic Research, Inc.
    5. Johanson, Richard, 2009. "A review of national training funds," Social Protection Discussion Papers and Notes 52187, The World Bank.
    6. Anonymous, 2014. "Introduction to the Issue," Journal of Wine Economics, Cambridge University Press, vol. 9(2), pages 109-110, August.
    7. Claudio E. Montenegro & Harry Anthony Patrinos, 2014. "Comparable Estimates of Returns to Schooling Around the World," Working Papers wp390, University of Chile, Department of Economics.
    8. Adriana Kugler & Maurice Kugler, 2009. "Labor Market Effects of Payroll Taxes in Developing Countries: Evidence from Colombia," Economic Development and Cultural Change, University of Chicago Press, vol. 57(2), pages 335-358, January.
    9. Marcel, Mario & Guzmán S., Marcela & Sanginés, Mario, 2014. "Presupuestos para el desarrollo en América Latina," IDB Publications (Books), Inter-American Development Bank, number 466, May.
    10. Ann Huff Stevens & Michal Kurlaender & Michel Grosz, 2019. "Career Technical Education and Labor Market Outcomes: Evidence from California Community Colleges," Journal of Human Resources, University of Wisconsin Press, vol. 54(4), pages 986-1036.
    11. repec:idb:brikps:83833 is not listed on IDEAS
    12. Anonymous, 2014. "Introduction to the Issue," Journal of Wine Economics, Cambridge University Press, vol. 9(1), pages 1-2, May.
    13. Steve Rothschild, 2013. "Human Capital Performance Bonds," Community Development Innovation Review, Federal Reserve Bank of San Francisco, issue 01, pages 103-108.
    14. Heyneman, Stephen P. & Lee, Bommi, 2016. "International organizations and the future of education assistance," International Journal of Educational Development, Elsevier, vol. 48(C), pages 9-22.
    15. Hanna Azemati & Michael Belinsky & Ryan Gillette & Jeffrey B. Liebman & Alina Sellman & Angela Wyse, 2013. "Social impact bonds: lessons learned so far," Community Development Innovation Review, Federal Reserve Bank of San Francisco, issue 01, pages 023-033.
    16. Mario Marcel & Marcela Guzmán S. & Mario Sanginés, 2014. "Presupuestos para el desarrollo en América Latina," IDB Publications (Books), Inter-American Development Bank, number 83833, February.
    17. Hanni, Michael & Martner Fanta, Ricardo & Podestá, Andrea, 2015. "El potencial redistributivo de la fiscalidad en América Latina," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    18. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. David E. Bloom & Alex Khoury & Vadim Kufenko & Klaus Prettner, 2021. "Spurring Economic Growth through Human Development: Research Results and Guidance for Policymakers," Population and Development Review, The Population Council, Inc., vol. 47(2), pages 377-409, June.
    2. Bai Yang, 2021. "Human Capital, Industrial Structure Upgrading and Economic Growth in China: A Literature Review," International Journal of Business and Management, Canadian Center of Science and Education, vol. 15(8), pages 1-59, July.
    3. Salwa TRABELSI, 2017. "Public education expenditure and economic growth: the educational quality threshold effect," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 45, pages 99-112.
    4. Zeng, Jinli & Zhang, Jie, 2022. "Education policies and development with threshold human capital externalities," Economic Modelling, Elsevier, vol. 108(C).
    5. Kostakis, Ioannis & Lolos, Sarantis & Doulgeraki, Charikleia, 2020. "Cultural Heritage led Growth: Regional evidence from Greece (1998-2016)," MPRA Paper 98443, University Library of Munich, Germany.
    6. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 103-126, October.
    7. Åsa Johansson, 2016. "Public Finance, Economic Growth and Inequality: A Survey of the Evidence," OECD Economics Department Working Papers 1346, OECD Publishing.
    8. Adriana Di Liberto, 2007. "Convergence and Divergence in Neoclassical Growth Models with Human Capital," Economia politica, Società editrice il Mulino, issue 2, pages 289-322.
    9. repec:ebl:ecbull:v:2:y:2002:i:1:p:1-15 is not listed on IDEAS
    10. Canaday, Neil & Tamura, Robert, 2009. "White discrimination in provision of black education: Plantations and towns," Journal of Economic Dynamics and Control, Elsevier, vol. 33(7), pages 1490-1530, July.
    11. Clark, Gregory, 2014. "The Industrial Revolution," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 5, pages 217-262, Elsevier.
    12. M.Rosaria Alfano & A. Laura Baraldi, 2008. "The design of electoral rules and their impact on economic growth: the Italian case," Working Papers 3_2008, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
    13. Gene M. Grossman & Elhanan Helpman, 1994. "Endogenous Innovation in the Theory of Growth," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 23-44, Winter.
    14. Ben Fine, 1998. "Endogenous Growth Theory: A Critical Assessment," Working Papers 80, Department of Economics, SOAS University of London, UK.
    15. Sylwia Zajączkowska-Jakimiak, 2006. "Wiedza techniczna i kapitał ludzki w teorii wzrostu gospodarczego," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 11-12, pages 47-69.
    16. Chang, Wen-ya & Chen, Ying-an & Chang, Juin-jen, 2013. "Growth and welfare effects of monetary policy with endogenous fertility," Journal of Macroeconomics, Elsevier, vol. 35(C), pages 117-130.
    17. Vivian Thuso Molaodi, 2022. "Assessing the effect of education levels on economic growth in South Africa," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 11(10), pages 366-374, December.
    18. Delano S Villanueva & Roberto S Mariano & Diwa C Guinigundo & Abbas Mirakhor, 2023. "External Debt, Adjustment, and Growth," World Scientific Book Chapters, in: Economic Adjustment and Growth Theory and Practice, chapter 9, pages 222-249, World Scientific Publishing Co. Pte. Ltd..
    19. Jean-Marc Fournier, 2016. "The Positive Effect of Public Investment on Potential Growth," OECD Economics Department Working Papers 1347, OECD Publishing.
    20. Sasso, Simone & Ritzen, Jo, 2016. "Sectoral Cognitive Skills, R&D, and Productivity: A Cross-Country Cross-Sector Analysis," IZA Discussion Papers 10457, Institute of Labor Economics (IZA).
    21. Henri Savall & Véronique Zardet, 2013. "La RSE, lien entre l'individu, l'organisation et la société : nouvel énoncé de la théorie socio-économique," Post-Print halshs-01860069, HAL.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecr:col037:44599. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Biblioteca CEPAL (email available below). General contact details of provider: https://edirc.repec.org/data/eclaccl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.