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The Impact of Education on Economic Growth in Guatemala: A Time- Series Analysis Applying an Error-Correction Methodology

Author

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  • Ludger J. Loening

    (Ibero-America Institute for Economic Research, University of Goettingen)

Abstract

This paper investigates the impact of human capital on economic growth in Guatemala through the application of an error-correction methodology. Two channels are analyzed, by which human capital is expected to influence growth. A better-educated labor force appears to have a positive and significant impact on economic growth both via factor accumulation as well as on the evolution of total factor productivity. The results have been found robust concerning data issues and parameter stability.

Suggested Citation

  • Ludger J. Loening, 2002. "The Impact of Education on Economic Growth in Guatemala: A Time- Series Analysis Applying an Error-Correction Methodology," Econometrics 0211002, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpem:0211002
    Note: Type of Document - Acrobat PDF; prepared on IBM PC; to print on HP; pages: 45 ; figures: included
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    References listed on IDEAS

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    Cited by:

    1. Ludger J. Loening & Michael Markussen, 2003. "Pobreza, Deforestación y Pérdida de la Biodiversidad en," Development and Comp Systems 0301002, University Library of Munich, Germany.
    2. Ludger J. Loening & Michael Markussen, 2003. "Pobreza, Deforestación y Pérdida de la Biodiversidad en Guatemala," Ibero America Institute for Econ. Research (IAI) Discussion Papers 091, Ibero-America Institute for Economic Research.
    3. Ludger J. Loening & Michael Markussen, 2003. "Pobreza, Deforestación y Pérdida de la Biodiversidad en," Development and Comp Systems 0301001, University Library of Munich, Germany.
    4. Ludger J. Loening & Michael Markussen, 2003. "Pobreza, Deforestación y Pérdida de la Biodiversidad en Guatemala," Development and Comp Systems 0301003, University Library of Munich, Germany, revised 14 Jan 2003.

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    More about this item

    Keywords

    Education; Growth; Econometrics; Guatemala;
    All these keywords.

    JEL classification:

    • I20 - Health, Education, and Welfare - - Education - - - General
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation

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