Is Education the Cause for Iberian Economic Growth ? A Study in Econometric History

Claude Diebolt () and Magali Jaoul-Grammare
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Claude Diebolt: BETA - Bureau d'Économie Théorique et Appliquée - INRA - Institut National de la Recherche Agronomique - UNISTRA - Université de Strasbourg - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique, HU Berlin - Humboldt-Universität zu Berlin = Humboldt University of Berlin = Université Humboldt de Berlin

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Abstract: Recent models of growth, such as Romer (1986, 1990) and Lucas (1988), following Arrow (1962) and Uzawa (1965), emphas ise human capital investment as an important factor contributing to long-run growth. In the literature, human capital investment takes several forms (educational attainment, learning by doing, etc.). Our focus in this paper is on human capital accumulation through the formal schooling. It is our thesis that education is more an accompanying investment than a "driving force" behind growth. We test this argument with the concept of the causal relationship formulated by Granger. All the tests are performed on the basis of the aggregate series of public expenditures on education (EXPEDU), total public expenditures (EXPTOT), population (Population) and Gross domestic product (GDP) in Portugal and Spain before World War II.

Keywords: Economic development (on national level); Education; Economic growth; International comparison; Population; Expenditures; Investment; Human capital; Portugal; Spain; Gross domestic product (search for similar items in EconPapers)
Date: 2004
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Published in Historical Social Research / Historische Sozialforschung, 2004, 29 (2), pp.147-159. ⟨10.12759/hsr.29.2004.2.147-159⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00278627

DOI: 10.12759/hsr.29.2004.2.147-159

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