Human Capital and Economic Development in Africa: An Econometric Analysis for 1950-2002

Maria-Carmen Guisan and Pilar Exposito ()

Applied Econometrics and International Development, 2005, vol. 5, issue 1, 129-142

Abstract: During the period 1950-2002 Africa has experienced a lower degree of economic development than Asia, due to several circumstances, and particularly to the low educational levels of population in many African countries. In this article we present the estimation of some econometric models of African countries, which show the positive role that human capital has in development and the negative consequences for many African countries if their educational gap is not overcome on the next years. We also analyse some models which have into account the role of industrial investment and foreign trade in the development of Africa.

Keywords: Human Capital; Africa; Economic Development (search for similar items in EconPapers)
JEL-codes: C51 L6 O1 O11 O14 O15 O55 (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (8)

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