Infraestructura, educación, capital humano y crecimiento económico

Infrastructure, education, human capital and economic growth

Joab Valdivia Coria

MPRA Paper from University Library of Munich, Germany

Abstract: This paper aims to find the effects of public investment in the education sector (infrastructure) on economic activity. It is evident from the stylized facts that economic activity and public resources show a pro-cyclical and lagged relationship. The positive effect found through a general equilibrium model is 0.8%, which shows that public financing has favorable effects on GDP performance. This result is explained by the fact that an improvement in educational infrastructure has a positive impact on the teaching and learning process, and since it is considered an investment in human capital, it has a positive return in the long run.

Keywords: Endogenous growth; Dynamic Stochastic General Equilibrium (DSGE) model; public investment in education. (search for similar items in EconPapers)
JEL-codes: H52 I28 O4 O40 (search for similar items in EconPapers)
Date: 2023-06
New Economics Papers: this item is included in nep-dge and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:118770

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