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Educational attainment, growth and poverty reduction within the MDG framework: simulations and costing for the Peruvian case

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  • Gustavo Yamada
  • Juan Castro

Abstract

We propose a model that accounts for the feedback between access to educational services, human capital accumulation and long-run GDP growth. With this framework, it is possible to simultaneously assess the achievement of Millennium Development Goal (MDG) education targets in terms of their impact on aggregate income growth and poverty incidence. We simulate our model using Peruvian data and different planner preferences regarding access to distinct education cycles. Results reveal that to attain a significant impact on GDP growth and poverty reduction, Peru needs to extend the original set of MDG indicators to account for access to higher education levels besides primary.

Suggested Citation

  • 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 & Francis Journals, vol. 12(1), pages 57-73.
  • Handle: RePEc:taf:jpolrf:v:12:y:2009:i:1:p:57-73
    DOI: 10.1080/17487870902775743
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    References listed on IDEAS

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    1. Gustavo Yamada, 2006. "Retornos a la educación superior en el mercado laboral: ¿Vale la pena el esfuerzo?," Working Papers 06-13, Centro de Investigación, Universidad del Pacífico.
    2. 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 541-563, July.
    3. Francois Bourguignon & Francisco H.G. Ferreira & Nora Lustig, 2005. "The Microeconomics of Income Distribution Dynamics in East Asia and Latin America," World Bank Publications, The World Bank, number 14844.
    4. Gustavo Yamada & Juan Francisco Castro, 2007. "Poverty, inequality, and social policies in Peru: As poor as it gets," Working Papers 07-06, Centro de Investigación, Universidad del Pacífico.
    5. Oscar Dancourt & Félix Jiménez & Waldo Mendoza & Eduardo Morón & Bruno Seminario (ed.), 2004. "Modelo de análisis de políticas macroeconómicas para la economía peruana," Books, Fondo Editorial, Universidad del Pacífico, edition 1, volume 1, number 04-02, June.
    6. Juan F. Castro & Gustavo Yamada, 2006. "Evaluación de estrategias de desarrollo para alcanzar los objetivos del milenio en América Latina," Working Papers 06-11, Centro de Investigación, Universidad del Pacífico.
    7. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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    Cited by:

    1. Marouani, Mohamed A. & Nilsson, Björn, 2016. "The labor market effects of skill-biased technological change in Malaysia," Economic Modelling, Elsevier, vol. 57(C), pages 55-75.
    2. Björn Nilsson & Mohamed Ali Marouani, 2015. "The Labor Market Effects of Skillbiased Technilogical Change in Malasya," Working Papers 20150006, Université Paris 1 Panthéon Sorbonne, UMR Développement et Sociétés.

    More about this item

    Keywords

    Millennium Development Goals; education; human capital; GDP growth; poverty; Peru;

    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, 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; Probabilities
    • 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

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