Effects of schooling levels on economic growth: time-series evidence from Guatemala
AbstractThis paper examines the determinants of economic growth in Guatemala, with a particular focus on the schooling level. Results based on an error-correction methodology show a better educated labour force has a positive and significant impact on economic growth. Consistent with micro evidence for Guatemala, primary education is more important than secondary and tertiary education. These findings are robust while changing the conditioning variables, controlling for data issues and endogeneity. Due to social and political conflict, the average per capita growth rate in Guatemala has been low.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 25105.
Date of creation: 16 Aug 2010
Date of revision: 16 Sep 2010
Economic growth; education; error-correction model; Guatemala;
Find related papers by JEL classification:
- N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-10-23 (All new papers)
- NEP-FDG-2010-10-23 (Financial Development & Growth)
- NEP-LAB-2010-10-23 (Labour Economics)
- NEP-URE-2010-10-23 (Urban & Real Estate Economics)
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