Human capital, technology diffusion and economic growth in low-to-middle income country: A time series perspective of guatemala, 1950-2001

• LOENING, Josef Ludger ^[1]
  1. [1] University of Goettingen, Germany
• Localización: Applied econometrics and international development, ISSN 1578-4487, Vol. 4, Nº. 3, 2004, págs. 107-122
• Idioma: inglés
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• Resumen

  • This paper investigates the impact of human capital on economic growth in Guatemala for 1951-2001 through the application of an error-correction methodology. Two channels are analyzed by which human capital is expected to influence growth. A better-educated labor force appears to have a significant impact on economic growth both via factor accumulation as well as on the evolution of total factor productivity. The results have been found robust concerning data issues and parameter stability