Educación superior y crecimiento económico en Colombia (1971-2016): una relación de cointegración

Higher education and economic growth in Colombia (1971-2016): a cointegration relationship

Brayan Alexander Barón Ortegón

MPRA Paper from University Library of Munich, Germany

Abstract: This article analyzes the relation between GDP per capita (CPIBpc) and access to tertiary education, seen from the perspective of growth rate of the number of enrollments (TCMes) in higher education in Colombia for the period (1971-2016). By using a VEC model and assuming everything else constant, it is concluded that TCMes Granger caused the Colombian GDP per capita and vice-versa, therefore, the existence of a long run relation between both variables is verified. This result helps to explain the dynamics of Colombian economic growth per capita of the last forty-five years and the impact of the accumulation of human capital on it.

Keywords: Economic growth; Human Capital; Access to higher education; Colombia; VEC model. (search for similar items in EconPapers)
JEL-codes: I25 I26 O4 O47 (search for similar items in EconPapers)
Date: 2018-09-07
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