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Is education the cause for Iberian economic growth? A study in econometric history
[journal article]
Abstract Recent models of growth, such as Romer (1986,
1990) and Lucas (1988), following Arrow (1962) and
Uzawa (1965), emphas ise human capital investment as an
important factor contributing to long-run growth. In the literature,
human capital investment takes several forms (educational
attainment, learning... view more
Recent models of growth, such as Romer (1986,
1990) and Lucas (1988), following Arrow (1962) and
Uzawa (1965), emphas ise human capital investment as an
important factor contributing to long-run growth. In the literature,
human capital investment takes several forms (educational
attainment, learning by doing, etc.). Our focus in
this paper is on human capital accumulation through the
formal schooling. It is our thesis that education is more an
accompanying investment than a “driving force” behind
growth. We test this argument with the concept of the
causal relationship formulated by Granger. All the tests are
performed on the basis of the aggregate series of public expenditures
on education (EXPEDU), total public expenditures
(EXPTOT), population (Population) and Gross domestic
product (GDP) in Portugal and Spain before World
War II.... view less
Keywords
economic development (on national level); education; economic growth; international comparison; population; expenditures; investment; human capital; Portugal; Spain; gross domestic product
Classification
Social History, Historical Social Research
Document language
English
Publication Year
2004
Page/Pages
p. 147-159
Journal
Historical Social Research, 29 (2004) 2
DOI
https://doi.org/10.12759/hsr.29.2004.2.147-159
ISSN
0172-6404
Status
Published Version; peer reviewed