Event Title
Changes in Human Capital in Latin America
Location
Parker-Reed, SSWAC
Start Date
30-4-2015 9:00 AM
End Date
30-4-2015 10:55 AM
Project Type
Poster
Description
Throughout the world low levels of human capital have hindered economic development in poor countries. In Chile in 2009 the public expenditure on education per student as a percentage of GDP per capita was 13.68%[1]. GDP growth that year was 4.3%. Other notable factors affecting GDP per capita growth are employment, technology, size of population, trade balance, and investor confidence. This paper aims to break down the most significant factors affecting human capital levels in Latin American countries. The hypothesis in place asserts that the factors affecting human capital will have a significant impact on the growth rate of GDP per capita. This impact will be evaluated by comparing these Latin American countries to newly developed ones. The two primary factors affecting human capital are health and education, which will be dissected further into specific variables. Data will be obtained from GAPMINDER, which uses information collected by IARC, IHME and the World Bank. GAPMINDER pools an extensive amount of data from these various sources into an easily accessible format. The results of this paper will provide insight into improving the GDP growth of developing countries.
Faculty Sponsor
Daniel LaFave
Sponsoring Department
Colby College. Economics Dept.
CLAS Field of Study
Social Sciences
Event Website
http://www.colby.edu/clas
ID
1164
Changes in Human Capital in Latin America
Parker-Reed, SSWAC
Throughout the world low levels of human capital have hindered economic development in poor countries. In Chile in 2009 the public expenditure on education per student as a percentage of GDP per capita was 13.68%[1]. GDP growth that year was 4.3%. Other notable factors affecting GDP per capita growth are employment, technology, size of population, trade balance, and investor confidence. This paper aims to break down the most significant factors affecting human capital levels in Latin American countries. The hypothesis in place asserts that the factors affecting human capital will have a significant impact on the growth rate of GDP per capita. This impact will be evaluated by comparing these Latin American countries to newly developed ones. The two primary factors affecting human capital are health and education, which will be dissected further into specific variables. Data will be obtained from GAPMINDER, which uses information collected by IARC, IHME and the World Bank. GAPMINDER pools an extensive amount of data from these various sources into an easily accessible format. The results of this paper will provide insight into improving the GDP growth of developing countries.
https://digitalcommons.colby.edu/clas/2015/program/8