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Estimating Human and Physical Capital Stocks in Data-Scarce Environments: A Methodological Note and Application to Guatemala

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  • Loening, J.L.

Abstract

This paper presents a methodology to construct time series of human and physical capital, taking into consideration the data-scarce environment of a developing country. A particular focus is placed on the construction of the human capital stock, which is defined by average years of schooling. For the case of Guatemala, a country which is deficient in easily accessible data even within the Latin American context, the paper shows how reliable time series can be obtained for the period 1950-2002. As such, the results of this paper may be useful for data-generating exercises in developing countries with similar constraints. Moreover, the estimates presented here provide a valuable starting point for future regression or growth accounting analyses.

Suggested Citation

  • Loening, J.L., 2005. "Estimating Human and Physical Capital Stocks in Data-Scarce Environments: A Methodological Note and Application to Guatemala," International Journal of Applied Econometrics and Quantitative Studies, Euro-American Association of Economic Development, vol. 2(1), pages 84-114.
    • Handle: RePEc:eaa:ijaeqs:v:2:y2005:i:1_5
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    References listed on IDEAS

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    2. Loening, J.L., 2004. "Human Capital, Technology diffusion and Economic Growth in Low-to-Middle Income Country: a time series perspective of Guatemala, 1950-2001," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 4(3).
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    Cited by:

    1. Gregory BROCK & Constantin OGLOBLIN, 2015. "A Stochastic Walk Down Mexico’S Mesoamerican Frontier, 1990-2011," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 15(2), pages 99-114.
    2. Seuk Yen Phoong* & Seuk Wai Phoong & Xiao Jun Tan, 2018. "A Mediation Analysis on Level of Education and Economic Growth," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 417-422:6.

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    More about this item

    Keywords

    Human Capital; Physical Capital; Economic Growth; Guatemala;
    All these keywords.

    JEL classification:

    • I20 - Health, Education, and Welfare - - Education - - - General
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • N36 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Latin America; Caribbean

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