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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Tipo de recurso:
http://purl.org/coar/resource_type/c_7013
Fecha de publicación:
2022
Institución:
Universidad Pedagógica y Tecnológica de Colombia
Repositorio:
RiUPTC: Repositorio Institucional UPTC
Idioma:
spa
OAI Identifier:
oai:repositorio.uptc.edu.co:001/12067
Acceso en línea:
https://revistas.uptc.edu.co/index.php/cenes/article/view/13679
https://repositorio.uptc.edu.co/handle/001/12067
Palabra clave:
Economic growth
human capital
education
panel data
fixed effects
crecimiento económico
capital humano
educación
datos de panel
efectos fijos
Rights
License
http://creativecommons.org/licenses/by-nc-sa/4.0
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oai_identifier_str oai:repositorio.uptc.edu.co:001/12067
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spelling 2022-02-222024-07-05T18:44:53Z2024-07-05T18:44:53Zhttps://revistas.uptc.edu.co/index.php/cenes/article/view/1367910.19053/01203053.v41.n73.2022.13679https://repositorio.uptc.edu.co/handle/001/12067This 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.application/pdftext/xmlspaspaUniversidad Pedagógica y Tecnológica de Colombiahttps://revistas.uptc.edu.co/index.php/cenes/article/view/13679/11460https://revistas.uptc.edu.co/index.php/cenes/article/view/13679/13360Copyright (c) 2022 Oscar Hernán Cerquera Losada, María de los Ángeles Clavijo Tovar , Carla Yanella Pérez Peñahttp://creativecommons.org/licenses/by-nc-sa/4.0http://purl.org/coar/access_right/c_abf514http://purl.org/coar/access_right/c_abf2Apuntes del Cenes; Vol. 41 No. 73 (2022); 143-167Apuntes del Cenes; Vol. 41 Núm. 73 (2022); 143-1672256-57790120-3053Economic growthhuman capitaleducationpanel datafixed effectscrecimiento económicocapital humanoeducacióndatos de panelefectos fijosHuman Capital and Economic Growth: Empirical Evidence for South AmericaCapital humano y crecimiento económico: evidencia empírica para Suraméricainfo:eu-repo/semantics/articlePeer reviewed Articlehttp://purl.org/coar/resource_type/c_7013http://purl.org/coar/resource_type/c_2df8fbb1info:eu-repo/semantics/publishedVersionhttp://purl.org/coar/version/c_970fb48d4fbd8a597http://purl.org/coar/version/c_970fb48d4fbd8a85Cerquera Losada, Oscar HernánClavijo Tovar, María de los ÁngelesPérez Peña , Carla Yanella001/12067oai:repositorio.uptc.edu.co:001/120672025-07-18 12:13:57.791metadata.onlyhttps://repositorio.uptc.edu.coRepositorio Institucional UPTCrepositorio.uptc@uptc.edu.co
dc.title.en-US.fl_str_mv Human Capital and Economic Growth: Empirical Evidence for South America
dc.title.es-ES.fl_str_mv Capital humano y crecimiento económico: evidencia empírica para Suramérica
title Human Capital and Economic Growth: Empirical Evidence for South America
spellingShingle Human Capital and Economic Growth: Empirical Evidence for South America
Economic growth
human capital
education
panel data
fixed effects
crecimiento económico
capital humano
educación
datos de panel
efectos fijos
title_short Human Capital and Economic Growth: Empirical Evidence for South America
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_sort Human Capital and Economic Growth: Empirical Evidence for South America
dc.subject.en-US.fl_str_mv Economic growth
human capital
education
panel data
fixed effects
topic Economic growth
human capital
education
panel data
fixed effects
crecimiento económico
capital humano
educación
datos de panel
efectos fijos
dc.subject.es-ES.fl_str_mv crecimiento económico
capital humano
educación
datos de panel
efectos fijos
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.
publishDate 2022
dc.date.accessioned.none.fl_str_mv 2024-07-05T18:44:53Z
dc.date.available.none.fl_str_mv 2024-07-05T18:44:53Z
dc.date.none.fl_str_mv 2022-02-22
dc.type.none.fl_str_mv info:eu-repo/semantics/article
dc.type.en-US.fl_str_mv Peer reviewed Article
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_2df8fbb1
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.coar.spa.fl_str_mv http://purl.org/coar/resource_type/c_7013
dc.type.version.spa.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.coarversion.spa.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a597
format http://purl.org/coar/resource_type/c_7013
status_str publishedVersion
dc.identifier.none.fl_str_mv https://revistas.uptc.edu.co/index.php/cenes/article/view/13679
10.19053/01203053.v41.n73.2022.13679
dc.identifier.uri.none.fl_str_mv https://repositorio.uptc.edu.co/handle/001/12067
url https://revistas.uptc.edu.co/index.php/cenes/article/view/13679
https://repositorio.uptc.edu.co/handle/001/12067
identifier_str_mv 10.19053/01203053.v41.n73.2022.13679
dc.language.none.fl_str_mv spa
dc.language.iso.spa.fl_str_mv spa
language spa
dc.relation.none.fl_str_mv https://revistas.uptc.edu.co/index.php/cenes/article/view/13679/11460
https://revistas.uptc.edu.co/index.php/cenes/article/view/13679/13360
dc.rights.en-US.fl_str_mv http://creativecommons.org/licenses/by-nc-sa/4.0
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.rights.coar.spa.fl_str_mv http://purl.org/coar/access_right/c_abf514
rights_invalid_str_mv http://creativecommons.org/licenses/by-nc-sa/4.0
http://purl.org/coar/access_right/c_abf514
http://purl.org/coar/access_right/c_abf2
dc.format.none.fl_str_mv application/pdf
text/xml
dc.publisher.en-US.fl_str_mv Universidad Pedagógica y Tecnológica de Colombia
dc.source.en-US.fl_str_mv Apuntes del Cenes; Vol. 41 No. 73 (2022); 143-167
dc.source.es-ES.fl_str_mv Apuntes del Cenes; Vol. 41 Núm. 73 (2022); 143-167
dc.source.none.fl_str_mv 2256-5779
0120-3053
institution Universidad Pedagógica y Tecnológica de Colombia
repository.name.fl_str_mv Repositorio Institucional UPTC
repository.mail.fl_str_mv repositorio.uptc@uptc.edu.co
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