Estimating Human and Physical Capital Stocks in Data-Scarce Environments: A Methodological Note and Application to Guatemala
This paper presents a methodology to construct time series of human and physical capital, taking into consideration the data-scarce environment of a developing country. A particular focus is placed on the construction of the human capital stock, which is defined by average years of schooling. For the case of Guatemala, a country which is deficient in easily accessible data even within the Latin American context, the paper shows how reliable time series can be obtained for the period 1950-2002. As such, the results of this paper may be useful for data-generating exercises in developing countries with similar constraints. Moreover, the estimates presented here provide a valuable starting point for future regression or growth accounting analyses.
Year of publication: |
2005
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Authors: | Loening, J.L. |
Published in: |
International Journal of Applied Econometrics and Quantitative Studies. - Euro-American Association of Economic Development. - Vol. 2.2005, 1, p. 84-114
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Publisher: |
Euro-American Association of Economic Development |
Subject: | Human Capital | Physical Capital | Economic Growth | Guatemala |
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