Human Capital and Economic Growth: Empirical Evidence for South America
This paper evaluates the relationship between education and economic growth in 8 South American countries for the period 2003-2018. A model of fixed effects panel data was estimated. As a measure of human capital two indicators were used, the United Nations Development Programme (UNDP) Education Ind...
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| Format: | Online |
| Language: | spa |
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Universidad Pedagógica y Tecnológica de Colombia
2022
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| Online Access: | https://revistas.uptc.edu.co/index.php/cenes/article/view/13679 |
| _version_ | 1801705968023633920 |
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| author | Cerquera Losada, Oscar Hernán Clavijo Tovar, María de los Ángeles Pérez Peña , Carla Yanella |
| author_facet | Cerquera Losada, Oscar Hernán Clavijo Tovar, María de los Ángeles Pérez Peña , Carla Yanella |
| author_sort | Cerquera Losada, Oscar Hernán |
| collection | OJS |
| description | This paper evaluates the relationship between education and economic growth in 8 South American countries for the period 2003-2018. A model of fixed effects panel data was estimated. As a measure of human capital two indicators were used, the United Nations Development Programme (UNDP) Education Index, and the Penn World Table 10.0 (PWT) human capital index; the purpose is to determine which of the two measures of human capital best explain the relationship between education and growth in South American economies. The results showed that exports per capita, education expenditure, fertility rate and gross capital formation are positively related to output per capita, and given the context of South American economies, the education index calculated by UNDP seems to be the most accurate indicator to measure the relationship between human capital and economic growth. |
| format | Online |
| id | oai:oai.revistas.uptc.edu.co:article-13679 |
| institution | Revista Apuntes del Cenes |
| language | spa |
| publishDate | 2022 |
| publisher | Universidad Pedagógica y Tecnológica de Colombia |
| record_format | ojs |
| spelling | oai:oai.revistas.uptc.edu.co:article-136792023-08-24T02:08:09Z Human Capital and Economic Growth: Empirical Evidence for South America Capital humano y crecimiento económico: evidencia empírica para Suramérica Cerquera Losada, Oscar Hernán Clavijo Tovar, María de los Ángeles Pérez Peña , Carla Yanella Economic growth human capital education panel data fixed effects crecimiento económico capital humano educación datos de panel efectos fijos This paper evaluates the relationship between education and economic growth in 8 South American countries for the period 2003-2018. A model of fixed effects panel data was estimated. As a measure of human capital two indicators were used, the United Nations Development Programme (UNDP) Education Index, and the Penn World Table 10.0 (PWT) human capital index; the purpose is to determine which of the two measures of human capital best explain the relationship between education and growth in South American economies. The results showed that exports per capita, education expenditure, fertility rate and gross capital formation are positively related to output per capita, and given the context of South American economies, the education index calculated by UNDP seems to be the most accurate indicator to measure the relationship between human capital and economic growth. En este trabajo se evalúa la relación entre la educación y el crecimiento económico en ocho países suramericanos para el periodo 2003-2018. Se estimó un modelo de panel de datos de efectos fijos. Como medida del capital humano se utilizaron dos indicadores, el índice de educación del Programa de las Naciones Unidas (PNUD), y el índice de capital humano de la Penn World Table 10.0 (PWT); el propósito es determinar cuál de las dos medidas de capital humano explica mejor la relación entre educación y crecimiento en las economías suramericanas. Los resultados mostraron que las exportaciones por habitante, el gasto en educación, la tasa de fertilidad y la formación bruta de capital se relacionan positivamente con la producción por habitante, y dado el contexto de las economías suramericanas, el índice de educación calculado por el PNUD parece ser el indicador más preciso para medir la relación entre el capital humano y el crecimiento económico. Universidad Pedagógica y Tecnológica de Colombia 2022-02-22 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer reviewed Article application/pdf text/xml https://revistas.uptc.edu.co/index.php/cenes/article/view/13679 10.19053/01203053.v41.n73.2022.13679 Apuntes del Cenes; Vol. 41 No. 73 (2022); 143-167 Apuntes del Cenes; Vol. 41 Núm. 73 (2022); 143-167 2256-5779 0120-3053 spa https://revistas.uptc.edu.co/index.php/cenes/article/view/13679/11460 https://revistas.uptc.edu.co/index.php/cenes/article/view/13679/13360 Copyright (c) 2022 Oscar Hernán Cerquera Losada, María de los Ángeles Clavijo Tovar , Carla Yanella Pérez Peña http://creativecommons.org/licenses/by-nc-sa/4.0 |
| spellingShingle | Economic growth human capital education panel data fixed effects crecimiento económico capital humano educación datos de panel efectos fijos Cerquera Losada, Oscar Hernán Clavijo Tovar, María de los Ángeles Pérez Peña , Carla Yanella Human Capital and Economic Growth: Empirical Evidence for South America |
| title | Human Capital and Economic Growth: Empirical Evidence for South America |
| title_alt | Capital humano y crecimiento económico: evidencia empírica para Suramérica |
| title_full | Human Capital and Economic Growth: Empirical Evidence for South America |
| title_fullStr | Human Capital and Economic Growth: Empirical Evidence for South America |
| title_full_unstemmed | Human Capital and Economic Growth: Empirical Evidence for South America |
| title_short | Human Capital and Economic Growth: Empirical Evidence for South America |
| title_sort | human capital and economic growth empirical evidence for south america |
| topic | Economic growth human capital education panel data fixed effects crecimiento económico capital humano educación datos de panel efectos fijos |
| topic_facet | Economic growth human capital education panel data fixed effects crecimiento económico capital humano educación datos de panel efectos fijos |
| url | https://revistas.uptc.edu.co/index.php/cenes/article/view/13679 |
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