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

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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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    1. repec:hoo:wpaper:e-98-2 is not listed on IDEAS
    2. Paolera, Gerardo Della & Taylor, Alan M., 1999. "Economic Recovery from the Argentine Great Depression: Institutions, Expectations, and the Change of Macroeconomic Regime," The Journal of Economic History, Cambridge University Press, vol. 59(3), pages 567-599, September.
    3. Lawrence F. Katz & Claudia Goldin, 2001. "The Legacy of U.S. Educational Leadership: Notes on Distribution and Economic Growth in the 20th Century," American Economic Review, American Economic Association, vol. 91(2), pages 18-23, May.
    4. Jonathan Temple, 1999. "The New Growth Evidence," Journal of Economic Literature, American Economic Association, vol. 37(1), pages 112-156, March.
    5. Bresser-Pereira, Luiz Carlos, 2000. "Incompetence and confidence building behind Latin America's 20 years old quasi-stagnation," Textos para discussão 90, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    6. Donald J. Robbins, 1999. "Gender, Human Capital and Growth: Evidence from Six Latin American Countries," OECD Development Centre Working Papers 151, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

    Citations

    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 & 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).
    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. 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..
    4. 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..
    5. 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).

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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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