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Cognitive Skills and Economic Growth in Colombia. a Departmental Analysis

Author

Listed:
  • Sergio Jiménez-Ramírez

    (Universidad de Pamplona)

  • Silvia Reyes-Camargo

    (Universidad de Pamplona)

Abstract

This paper estimates the effects of cognitive skills on the economic growth of 22 Colombian Departments between 2000 and 2019. By building a database with key variables of a modern growth model, the heterogeneity of these effects is also estimated due to: a) different areas of knowledge evaluated in Saber 11 tests, and b) different groupings of Departments based on GDP growth rates per inhabitant and size of their economies. Results are obtained such as i) human capital measured by cognitive skills has a great positive effect on the growth rate of the Departments; (ii) years of schooling show a positive effect on the rate of economic growth, although of a smaller magnitude than that observed in cognitive skills; (iii) skills in mathematics, language and sciences have greater positive effects on growth than others; (iv); the positive effects of different classes of cognitive skills on growth, in general, are greater in Departments with higher rates of growth than in economically larger Departments.

Suggested Citation

  • Sergio Jiménez-Ramírez & Silvia Reyes-Camargo, 2022. "Cognitive Skills and Economic Growth in Colombia. a Departmental Analysis," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 97, pages 149-179, July-Dece.
    • Handle: RePEc:lde:journl:y:2022:i:97:p:149-179
    DOI: 10.17533/udea.le.n97a347351
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    References listed on IDEAS

    as
    1. Jamison, Eliot A. & Jamison, Dean T. & Hanushek, Eric A., 2007. "The effects of education quality on income growth and mortality decline," Economics of Education Review, Elsevier, vol. 26(6), pages 771-788, December.
    2. Levine, Ross & Renelt, David, 1992. "A Sensitivity Analysis of Cross-Country Growth Regressions," American Economic Review, American Economic Association, vol. 82(4), pages 942-963, September.
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    More about this item

    Keywords

    human capital; cognitive skills; educational achievement; economic growth; panel data; Colombia.;
    All these keywords.

    JEL classification:

    • A21 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Pre-college
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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