Educación superior y crecimiento económico en Colombia (1971-2016): una relación de cointegración.

Barón Ortegón, Brayan Alexander (2018): Educación superior y crecimiento económico en Colombia (1971-2016): una relación de cointegración.

Abstract

This article analyzes the relation between GDP per capita (CPIBpc) and access to tertiary education, seen from the perspective of growth rate of the number of enrollments (TCMes) in higher education in Colombia for the period (1971-2016). By using a VEC model and assuming everything else constant, it is concluded that TCMes Granger caused the Colombian GDP per capita and vice-versa, therefore, the existence of a long run relation between both variables is verified. This result helps to explain the dynamics of Colombian economic growth per capita of the last forty-five years and the impact of the accumulation of human capital on it.

• Item Type: MPRA Paper
• English Title: Higher education and economic growth in Colombia (1971-2016): a cointegration relationship.
• Language: Spanish
• Keywords: Economic growth; Human Capital; Access to higher education; Colombia; VEC model.
• Subjects: I - Health, Education, and Welfare > I2 - Education and Research Institutions > I25 - Education and Economic Development; I - Health, Education, and Welfare > I2 - Education and Research Institutions > I26 - Returns to Education; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence

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