The effects of educational policies in the economic growth

Joilson Dias (), Maria Helena Ambrósio Dias () and Fernandina Fernandes de Lima ()

Brazilian Journal of Political Economy, 2009, vol. 29, issue 3, 232-251

Abstract: In this paper, we develop a theoretical model that considers a non-linear relationship between growth and level of education (human capital). Our econometric estimates demonstrated the causality running from human capital to GDP per capita with U inverted shape. The level of education (human capital) that generates the maximum growth rate lies around 4.5 years. The foremost implication of this result is that States with level of education below this range should have as priority educational policies. JEL Classificion: O15; C33.

Keywords: Economic growth; education; panel dynamic estimation (search for similar items in EconPapers)
Date: 2009
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