The Role of Education in Development: An Econometric Analysis of the Impact of Education on Economic Growth in Argentina

Maria Ibanez, Marquette University

Abstract

This paper quantifies the impact that education has had on economic growth in Argentina. Education is a key factor for a country development also reducing excesses in fertility rates, creating a social environment that improve productive investment, making workers more productive and voters more prepared. We find that, for the period 1971-1999, the economic growth in Argentina was positively related to the growth of physical capital, the growth of human capital, the government expenditure as a share of GDP, the flow of time (trend), and the growth of labor force; and it was negatively related to inflation and dictatorships regimes.