Human Capital, Technology diffusion and Economic Growth in Low-to-Middle Income Country: a time series perspective of Guatemala, 1950-2001

Josef Loening

Applied Econometrics and International Development, 2004, vol. 4, issue 3

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.

JEL-codes: C22 C51 I20 (search for similar items in EconPapers)
Date: 2004
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