Effects of schooling levels on economic growth: time-series evidence from Guatemala

Loening, Josef and Rao, B. Bhaskara and Singh, Rup (2010): Effects of schooling levels on economic growth: time-series evidence from Guatemala.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Economic growth, education, error-correction model, Guatemala
• Subjects: N - Economic History > N1 - Macroeconomics and Monetary Economics ; Industrial Structure ; Growth ; Fluctuations > N16 - Latin America ; Caribbean

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