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Economic growth and cycles: Cross-country models of education, industry and fertility and international comparisons

Author

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  • Guisan, M.Carmen
  • Aguayo, Eva
  • Exposito, Pilar

Abstract

The aim of this article is to point out the importance of education on a sustained economic development strategy, having into account inter-sector relations and the influence of education in the growth of production per head. Three cross-country models are presented. The first model relates the diminution of excessively high fertility rates with increases in the educative level of population. The second model relates value-added in the services sector with the internal production of industry and agriculture, as well as with foreign trade and changes in population. The third model relates the industrial development with the educative level of population and foreign trade. We analyse, from a worldwide view, the evolution of real Gross Domestic Product (Gdp), Population and Gdp per inhabitant (Gdph). USA, Japan, the European Union, Latin America, Africa, China, India, and other areas of Europe and Asia-Pacific are considered, and the main differences in the levels of Gdph are explained, having into account the results of the cross-country models. The main conclusions highlight the necessity of new international policies for improving the educative level of population in less developed countries. .

Suggested Citation

  • Guisan, M.Carmen & Aguayo, Eva & Exposito, Pilar, 2001. "Economic growth and cycles: Cross-country models of education, industry and fertility and international comparisons," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 1(1), pages 9-37.
  • Handle: RePEc:eaa:aeinde:v:1:y:2001:i:1_1
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    File URL: http://www.usc.es/economet/reviews/aeid111.pdf
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    References listed on IDEAS

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    1. Jong–Wha Lee & Robert J. Barro, 2001. "Schooling Quality in a Cross–Section of Countries," Economica, London School of Economics and Political Science, vol. 68(272), pages 465-488, November.
    2. 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.
    3. Guisan, M.Carmen & Exposito, Pilar, 2002. "Economic Growth and Cycles in Asia and Africa in the 20th Century," Review on Economic Cycles, International Association of Economic Cycles, vol. 5(1), December.
    4. Susanto Basu & Alan M. Taylor, 1999. "Business Cycles in International Historical Perspective," Journal of Economic Perspectives, American Economic Association, vol. 13(2), pages 45-68, Spring.
    5. Robert Summers & Alan Heston, 1991. "The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950–1988," The Quarterly Journal of Economics, Oxford University Press, vol. 106(2), pages 327-368.
    Full references (including those not matched with items on IDEAS)

    More about this item

    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • F0 - International Economics - - General
    • I2 - Health, Education, and Welfare - - Education
    • L8 - Industrial Organization - - Industry Studies: Services
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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