The effects of educational policies in the economic growth

Vol. 29 No. 3 (2009)

Jul-Sep / 2009
Published July 1, 2009
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Dias, Joilson, Maria Helena Ambrósio Dias, and Fernandina Fernandes de Lima. 2009. “The Effects of Educational Policies in the Economic Growth: Theory and Dynamic Panel Data Estimates”. Brazilian Journal of Political Economy 29 (3):232-51.

The effects of educational policies in the economic growth

theory and dynamic panel data estimates

Joilson Dias
Universidade Estadual de Maringá, Departamento de Economia, Maringá-PR
Maria Helena Ambrósio Dias
Departamento de Economia, Universidade Estadual de Maringá
Fernandina Fernandes de Lima
Aluna do Programa de Pós-Graduação em Economia, Universidade Estadual de Maringá, Maringá-PR
Brazilian Journal of Political Economy, Vol. 29 No. 3 (2009), Jul-Sep / 2009, Pages 232-251


In this paper, we develop a theoretical model that considers a non-linear relationship between growth and level of education (human capital). Our econometric estimates demonstrated the causality running from human capital to GDP per capita with U inverted shape. The level of education (human capital) that generates the maximum growth rate lies around 4.5 years. The foremost implication of this result is that States with level of education below this range should have as priority educational policies.

JEL Classificion: O15; C33.

Keywords: Economic growth education panel dynamic estimation