Effects of education on economic growth:Evidence from Guatemala

Josef Loening, B. Rao and Rup Singh

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the determinants of economic growth in Guatemala, with a particular focus on schooling. Results based on the error-correction methodology show a better educated labour force has a positive and significant impact on economic growth during 1951-2002. Consistent with micro evidence for Guatemala primary education is more important than secondary and tertiary education. These findings are robust while changing the conditioning variables, controlling for data issues and endogeneity. Due to social and political conflicts and the need for institutional environment conducive to growth, the growth rate of output in Guatemala has been low.

Keywords: Economic Growth; Education; Error-Correction model; Guatemala (search for similar items in EconPapers)
JEL-codes: C22 C51 O54 (search for similar items in EconPapers)
Date: 2010-07-05
New Economics Papers: this item is included in nep-fdg
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:23665

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