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

Ludger J. Loening
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Ludger J. Loening: Ibero-America Institute for Economic Research, University of Goettingen

Econometrics from EconWPA

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.

Keywords: Education; Growth; Econometrics; Guatemala (search for similar items in EconPapers)
JEL-codes: I20 C22 C51 (search for similar items in EconPapers)
Date: 2002-11-13
Note: Type of Document - Acrobat PDF; prepared on IBM PC; to print on HP; pages: 45 ; figures: included
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpem:0211002

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