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Education, Industrial Development and Foreign Trade in Argentina: Econometric Models and International Comparisons

Author

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  • Guisan, M.Carmen

  • Martinez, C.

Abstract

Economic policies in Argentina, during the last decades of the 20th century, have been generally focused more on monetary policies than on other questions really more related with economic development, such as expenditure on education and sustained industrial development, which unfortunately have not received enough attention. In this paper, we compare the economic development of Argentina with that of the OECD countries and Latin America, and we estimate some econometric models to relate education and foreign trade with industrial and non-industrial real Gross Domestic Product per inhabitant in Argentina during the period 1960-2000. These models show the important positive impact that human capital and industrial investment have on the development of Argentina. We suggest some changes in the economic policies priorities, for the first decade of the 21st century, in order to focus more on education and industrial development, learning from the best lessons of Ireland and other countries, to get fast increases of real Gdp per inhabitant, eradicate poverty and improve socio-economic well-being.

Suggested Citation

  • Guisan, M.Carmen & Martinez, C., 2003. "Education, Industrial Development and Foreign Trade in Argentina: Econometric Models and International Comparisons," Economic Development 67, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
    • Handle: RePEc:eaa:ecodev:67
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    File URL: http://www.usc.es/economet/aeeadepdf/aeeade67.pdf
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    References listed on IDEAS

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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. 19. Actividades de la Asociación Euro-Americana con América Latina: Años 2001-2010
      by MCG Blogs de Economía in Asociación de Estudios Euro-Americanos: Desarrollo internacional de América, Europa y otras áreas on 2011-03-25 08:30:00

    Citations

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    Cited by:

    1. Guisan, Maria-Carmen & Exposito, Pilar, 2004. "The Impact of Industry and Foreign Trade on Economic Growth in China. An Inter-Sectoral Econometric Model, 1976-2002," Economic Development 76, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
    2. E. Akopova & N. Przhedetskaya, 2015. "Institutional designing of continuous education in Russia under the conditions of neo-economy and globalization," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 15(2), pages 115-122.
    3. Hsing, Y., 2004. "Responses of Argentine Output to Shocks to Monetary Policy, Fiscal Policy and Exchange Rates: A VAR Model," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 4(1).
    4. Guisan, M.Carmen & Malacon, C. & Exposito, P., 2003. "Effects of the Integration of Mexico into NAFTA on Trade, Industry, Employment and Economic Growth," Economic Development 68, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
    5. GUISAN, Maria-Carmen & AGUAYO, Eva, 2017. "Employment, Wages And Economic Development In Mexico And The United States, 1965-2015: Impact Of Industry And The Effects Of Nafta," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 17(2).

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    More about this item

    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • I2 - Health, Education, and Welfare - - Education
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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