Educational Attainment, Growth and Poverty Reduction within the MDG Framework: Simulations and Costing for the Peruvian Case
AbstractWe propose a model that accounts for the potential feedback between schooling performance, human capital accumulation and long run GDP growth, and links these results with poverty incidence. Our simulation exercise takes into account targets for education indicators and GDP growth itself (as arguments in our planner's loss function) and provides two conclusions: (i) with additional funds which amount to 1 percent of GDP each year, public intervention could, by year 2015, add an extra 0.89 and 1.80 percentage points in terms of long-run GDP growth and permanent reduction in poverty incidence, respectively; and (ii) in order to engineer an intervention in the educational sector so as to transfer households the necessary assets to attain a larger income generation potential in the long run, we need to extend the original set of MDG indicators to account for access to higher educational levels besides primary education.
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Bibliographic InfoPaper provided by PEP-MPIA in its series Working Papers MPIA with number 2008-05.
Date of creation: 2008
Date of revision:
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Millennium development goals; education; human capital; GDP growth; poverty; Peru;
Other versions of this item:
- Gustavo Yamada & Juan Castro, 2009. "Educational attainment, growth and poverty reduction within the MDG framework: simulations and costing for the Peruvian case," Journal of Policy Reform, Taylor and Francis Journals, vol. 12(1), pages 57-73.
- Gustavo Yamada & Juan Castro, 2009. "Educational attainment, growth and poverty reduction within the MDG framework: simulations and costing for the Peruvian case," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 12(1), pages 57-73.
- Gustavo Yamada & Juan Castro & Arlette Beltrán & María Cárdenas, 2007. "Educational Attainment, Growth and Poverty Reduction within the MDG Framework: Simulations and Costing for the Peruvian Case," Working Papers 07-08, Departamento de Economía, Universidad del Pacífico, revised Feb 2007.
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
- I32 - Health, Education, and Welfare - - Welfare and Poverty - - - Measurement and Analysis of Poverty
- C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
- C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-06-27 (All new papers)
- NEP-CMP-2008-06-27 (Computational Economics)
- NEP-DEV-2008-06-27 (Development)
- NEP-EDU-2008-06-27 (Education)
- NEP-HRM-2008-06-27 (Human Capital & Human Resource Management)
- NEP-LAM-2008-06-27 (Central & South America)
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.:
- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
- Gustavo Yamada & Juan Castro, 2007. "Poverty, inequality, and social policies in Peru: As poor as it gets," Working Papers 07-06, Departamento de Economía, Universidad del Pacífico, revised Feb 2007.
- Robert J. Barro & Jong-Wha Lee, 2000.
"International Data on Educational Attainment Updates and Implications,"
NBER Working Papers
7911, National Bureau of Economic Research, Inc.
- Barro, Robert J & Lee, Jong-Wha, 2001. "International Data on Educational Attainment: Updates and Implications," Oxford Economic Papers, Oxford University Press, vol. 53(3), pages 541-63, July.
- Robert J. Barro & Jong-Wha Lee, 2000. "International Data on Educational Attainment: Updates and Implications," CID Working Papers 42, Center for International Development at Harvard University.
- Gustavo Yamada, 2006. "Retornos a la educación superior en el mercado laboral: ¿Vale la pena el esfuerzo?," Working Papers 06-13, Departamento de Economía, Universidad del Pacífico, revised Dec 2006.
- Juan Castro & Gustavo Yamada, 2006. "Evaluación de estrategias de desarrollo para alcanzar los Objetivos del Milenio en América Latina," Working Papers 06-11, Departamento de Economía, Universidad del Pacífico, revised Nov 2006.
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