Are average years of education losing predictive power for economic growth? An alternative measure through structural equations modeling
Cargando...
Archivos
Fecha
2020-05-19
Director
Enlace al recurso
gruplac
Descripción Dominio:
Título de la revista
ISSN de la revista
Título del volumen
Editor
Compartir
Documentos PDF
Cargando...
Resumen
Abstract
The accumulation of knowledge required to produce economic value is a process that often
relates to nations economic growth. Some decades ago many authors, in the absence of
other available indicators, used to rely on certain measures of human capital such as years
of schooling, enrollment rates, or literacy. In this paper, we show that the predictive power of
years of education as a proxy for human capital started to dwindle in 1990 when the schooling of nations began to be homogenized. We developed a structural equation model that
estimates a metric of human capital that is less sensitive than average years of education
and remains as a significant predictor of economic growth when tested with both cross-section data and panel data.
Idioma
Palabras clave
Citación
Laverde-Rojas, H., Correa, J. C., Jaffe, K., & Caicedo, M. I. (2019). Are average years of education losing predictive power for economic growth? An alternative measure through structural equations modeling. PloS one, 14(3), e0213651. https://doi.org/10.1371/journal.pone.0213651
Colecciones
Licencia Creative Commons
Atribución-NoComercial-SinDerivadas 2.5 Colombia
Atribución-NoComercial-SinDerivadas 2.5 Colombia
Atribución-NoComercial-SinDerivadas 2.5 Colombia