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Effects of schooling levels on economic growth: time-series 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 the schooling level. Results based on an error-correction methodology show a better educated labour force has a positive and significant impact on economic growth. 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 conflict, the average per capita growth rate in Guatemala has been low.

Suggested Citation

  • Loening, Josef & Rao, B. Bhaskara & Singh, Rup, 2010. "Effects of schooling levels on economic growth: time-series evidence from Guatemala," MPRA Paper 25105, University Library of Munich, Germany, revised 16 Sep 2010.
    • Handle: RePEc:pra:mprapa:25105
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    References listed on IDEAS

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    More about this item

    Keywords

    Economic growth; education; error-correction model; Guatemala;
    All these keywords.

    JEL classification:

    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean

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