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Effects of education on economic growth:Evidence from Guatemala

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  • Loening, Josef
  • Rao, B. Bhaskara
  • Singh, Rup

Abstract

This paper examines the determinants of economic growth in Guatemala, with a particular focus on schooling. Results based on the error-correction methodology show a better educated labour force has a positive and significant impact on economic growth during 1951-2002. Consistent with micro evidence for Guatemala primary education is more important than secondary and tertiary education. These findings are robust while changing the conditioning variables, controlling for data issues and endogeneity. Due to social and political conflicts and the need for institutional environment conducive to growth, the growth rate of output in Guatemala has been low.

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  • Loening, Josef & Rao, B. Bhaskara & Singh, Rup, 2010. "Effects of education on economic growth:Evidence from Guatemala," MPRA Paper 23665, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:23665
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    References listed on IDEAS

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    Cited by:

    1. Adejumo, Oluwabunmi O. & Asongu, Simplice A. & Adejumo, Akintoye V., 2021. "Education enrolment rate vs employment rate: Implications for sustainable human capital development in Nigeria," International Journal of Educational Development, Elsevier, vol. 83(C).
    2. Abdalali Monsef & Abolfazl Shahmohammadi Mehrjardi, 2015. "Investigation Development Degree of Esfahan Province of Iran in Terms of Educational Indices," International Journal of Asian Social Science, Asian Economic and Social Society, vol. 5(1), pages 37-44, January.
    3. Antonio Paradiso & Saten Kumar & B. Bhaskara Rao, 2013. "The growth effects of education in Australia," Applied Economics, Taylor & Francis Journals, vol. 45(27), pages 3843-3852, September.
    4. Kais Saidi & Chebli Mongi, 2018. "The Effect of Education, R&D and ICT on Economic Growth in High Income Countries," Economics Bulletin, AccessEcon, vol. 38(2), pages 810-825.
    5. Panagiotis PEGKAS & Constantinos TSAMADIAS, 2015. "Does Formal Education At All Levels Cause Economic Growth? Evidence From Greece," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 15, pages 9-32, June.
    6. Karatheodoros Anastasios & Tsamadias Constantinos & Pegkas Panagiotis, 2019. "The effects of formal educations’ levels on regional economic growth in Greece over the period 1995–2012," Review of Regional Research: Jahrbuch für Regionalwissenschaft, Springer;Gesellschaft für Regionalforschung (GfR), vol. 39(1), pages 91-111, February.
    7. Apergis, Nicholas, 2018. "Education and democracy: New evidence from 161 countries," Economic Modelling, Elsevier, vol. 71(C), pages 59-67.

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    More about this item

    Keywords

    Economic Growth; Education; Error-Correction model; Guatemala;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

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