IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/88649.html
   My bibliography  Save this paper

Educación superior y crecimiento económico en Colombia (1971-2016): una relación de cointegración
[Higher education and economic growth in Colombia (1971-2016): a cointegration relationship]

Author

Listed:
  • Barón Ortegón, Brayan Alexander

Abstract

This article analyzes the relation between GDP per capita (CPIBpc) and access to tertiary education, seen from the perspective of growth rate of the number of enrollments (TCMes) in higher education in Colombia for the period (1971-2016). By using a VEC model and assuming everything else constant, it is concluded that TCMes Granger caused the Colombian GDP per capita and vice-versa, therefore, the existence of a long run relation between both variables is verified. This result helps to explain the dynamics of Colombian economic growth per capita of the last forty-five years and the impact of the accumulation of human capital on it.

Suggested Citation

  • Barón Ortegón, Brayan Alexander, 2018. "Educación superior y crecimiento económico en Colombia (1971-2016): una relación de cointegración [Higher education and economic growth in Colombia (1971-2016): a cointegration relationship]," MPRA Paper 88649, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:88649
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/88649/1/MPRA_paper_88649.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. James H. Stock & Mark W. Watson, 2001. "Vector Autoregressions," Journal of Economic Perspectives, American Economic Association, vol. 15(4), pages 101-115, Fall.
    2. Robert J. Barro, 2001. "Human Capital and Growth," American Economic Review, American Economic Association, vol. 91(2), pages 12-17, May.
    3. Eric A. Hanushek, 2016. "Will more higher education improve economic growth?," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 32(4), pages 538-552.
    4. Hanushek, Eric A., 2013. "Economic growth in developing countries: The role of human capital," Economics of Education Review, Elsevier, vol. 37(C), pages 204-212.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gihoon Hong & Soyoung Kim & Geunhwan Park & Seung-Gyu Sim, 2019. "Female Education Externality and Inclusive Growth," Sustainability, MDPI, vol. 11(12), pages 1-12, June.
    2. Zhang, Xiaobei & Wang, Xiaojun, 2021. "Measures of human capital and the mechanics of economic growth," China Economic Review, Elsevier, vol. 68(C).
    3. Altinok, Nadir & Aydemir, Abdurrahman, 2017. "Does one size fit all? The impact of cognitive skills on economic growth," Journal of Macroeconomics, Elsevier, vol. 53(C), pages 176-190.
    4. Tran, Nguyen Van & Alauddin, Mohammad & Tran, Quyet Van, 2019. "Labour quality and benefits reaped from global economic integration: An application of dynamic panel SGMM estimators," Economic Analysis and Policy, Elsevier, vol. 63(C), pages 92-106.
    5. David E. Bloom & Alex Khoury & Vadim Kufenko & Klaus Prettner, 2021. "Spurring Economic Growth through Human Development: Research Results and Guidance for Policymakers," Population and Development Review, The Population Council, Inc., vol. 47(2), pages 377-409, June.
    6. Sophia Kan & Stephan Klasen, 2021. "Evaluating universal primary education in Uganda: School fee abolition and educational outcomes," Review of Development Economics, Wiley Blackwell, vol. 25(1), pages 116-147, February.
    7. Dongshu Ou & Yuna Hou, 2019. "Bigger Pie, Bigger Slice? The Impact of Higher Education Expansion on Educational Opportunity in China," Research in Higher Education, Springer;Association for Institutional Research, vol. 60(3), pages 358-391, May.
    8. Balart, Pau & Oosterveen, Matthijs & Webbink, Dinand, 2018. "Test scores, noncognitive skills and economic growth," Economics of Education Review, Elsevier, vol. 63(C), pages 134-153.
    9. Raju,Sudhakar Satyanarayan & Sosale,Shobhana, 2022. "Skills, Human Capital, and Economic Development," Policy Research Working Paper Series 10032, The World Bank.
    10. Balart, Pau & Oosterveen, Matthijs & Webbink, Dinand, 2015. "Test Scores, Noncognitive Skills and Economic Growth," IZA Discussion Papers 9559, Institute of Labor Economics (IZA).
    11. David Krizek, Kamila Vesela, Lucie Severova, Roman Svoboda, 2022. "Asymmetry effects of government expenditure on education and impacts on economic growth," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 19(1), pages 79-101, June.
    12. Yulia Gruzina & Irina Firsova & Wadim Strielkowski, 2021. "Dynamics of Human Capital Development in Economic Development Cycles," Economies, MDPI, vol. 9(2), pages 1-18, May.
    13. Roman Matousek & Nickolaos G. Tzeremes, 2021. "The asymmetric impact of human capital on economic growth," Empirical Economics, Springer, vol. 60(3), pages 1309-1334, March.
    14. Rian Hilmawan & Jeremy Clark, 2021. "Resource dependence and the causes of local economic growth: An empirical investigation," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 65(3), pages 596-626, July.
    15. David Krizek, Kamila Vesela, Lucie Severova, Roman Svoboda, 2022. "Asymmetry effects of government expenditure on education and impacts on economic growth," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 19(1), pages 79-101, June.
    16. Marinko Škare & Sabina Lacmanovic, 2015. "Human capital and economic growth: a review essay," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 17(39), pages 735-735, May.
    17. Jose Asturias & Emin Dinlersoz & John Haltiwanger & Rebecca Hutchinson, 2021. "Business Applications as Economic Indicators," Working Papers 21-09, Center for Economic Studies, U.S. Census Bureau.
    18. Tomasz Grodzicki & Mateusz Jankiewicz, 2020. "Forecasting the Level of Unemployment, Inflation and Wages: The Case of Sweden," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 400-409.
    19. Paolo Di Caro & Roberta Arbolino & Ugo Marani, 2018. "A note on the effects of human capital policies in Italy during the Great Recession," Economics Bulletin, AccessEcon, vol. 38(3), pages 1302-1312.
    20. Mohammad Omar Shiddike & Asif Ali Rahman, 2019. "Engaging Faculty in Professional Development: Lessons From Bangladesh," Journal of Educational and Developmental Psychology, Canadian Center of Science and Education, vol. 9(2), pages 124-124, November.

    More about this item

    Keywords

    Economic growth; Human Capital; Access to higher education; Colombia; VEC model.;
    All these keywords.

    JEL classification:

    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:88649. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.