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Effects of primary, secondary, and tertiary education on economic growth : evidence from Guatemala

Author: Josef L Loening
Publisher: Washington, D.C. : World Bank, Latin America and the Caribbean Region, Central America Country Management Unit, [2005]
Series: Policy research working papers, 3610.
Edition/Format:   Print book : International government publication : EnglishView all editions and formats
Summary:
"Loening investigates the impact of human capital on economic growth in Guatemala during 1951-2002 using an error-correction methodology. The results show a better-educated labor force having a positive and significant impact on economic growth. Consistent with microeconomic studies for Guatemala, primary and secondary education are most important for productivity growth. These findings are robust while changing the  Read more...
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Additional Physical Format: Online version:
Loening, Josef L.
Effects of primary, secondary, and tertiary education on economic growth.
Washington, D.C. : World Bank, Latin America and the Caribbean Region, Central America Country Management Unit, [2005]
(OCoLC)647215316
Material Type: Government publication, International government publication, Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Josef L Loening
OCLC Number: 61190136
Notes: "May 2005"--Cover.
Description: iii, 75 pages : illustrations ; 28 cm.
Series Title: Policy research working papers, 3610.
Responsibility: Josef L. Loening.

Abstract:

"Loening investigates the impact of human capital on economic growth in Guatemala during 1951-2002 using an error-correction methodology. The results show a better-educated labor force having a positive and significant impact on economic growth. Consistent with microeconomic studies for Guatemala, primary and secondary education are most important for productivity growth. These findings are robust while changing the conditioning set of the variables, controlling for data issues and endogeneity. Due to an environment of social and political conflict, however, total factor productivity has been slightly negative for the past decades, and there is evidence of a missing complementarily between the country's skills and its technology base. The author presents a growth-accounting framework which takes into account quality changes of physical capital, and differentiates by level of education. It shows that the human capital variables explain more than 50 percent of output growth. Of these, secondary schooling is the predominant determinant of growth. "--World Bank web site.

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