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Infraestructura, educación, capital humano y crecimiento económico
[Infrastructure, education, human capital and economic growth]

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  • Valdivia Coria, Joab Dan

Abstract

This paper aims to find the effects of public investment in the education sector (infrastructure) on economic activity. It is evident from the stylized facts that economic activity and public resources show a pro-cyclical and lagged relationship. The positive effect found through a general equilibrium model is 0.8%, which shows that public financing has favorable effects on GDP performance. This result is explained by the fact that an improvement in educational infrastructure has a positive impact on the teaching and learning process, and since it is considered an investment in human capital, it has a positive return in the long run.

Suggested Citation

  • Valdivia Coria, Joab Dan, 2023. "Infraestructura, educación, capital humano y crecimiento económico [Infrastructure, education, human capital and economic growth]," MPRA Paper 118770, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:118770
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Endogenous growth; Dynamic Stochastic General Equilibrium (DSGE) model; public investment in education.;
    All these keywords.

    JEL classification:

    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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