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GTAP Resource #5588

"Commodity Booms, Human Capital, and Economic Growth. An application to Colombia."
by Giraldo, Iader, Ricardo Arguello, Nataly Herrera and Diana Londoño


Abstract
Empirical research has shown the pro-cyclical behavior in the child labor and income shocks. We want to model the idea that a trade-off exists between the current level of consumption and the future levels of human capital. As shocks in the international prices of commodities affect current income and modify the optimal consumption basket, households adjust their preferences between schooling time and working time for the younger (school-aged) household members. Therefore, the dynamics of human capital accumulation can be affected and, with it, the prospects for economic growth and the sectorial composition of the economy, when commodity production and trade play a significant role in the economy.


Resource Details (Export Citation) GTAP Keywords
Category: 2018 Conference Paper
Status: Published
By/In: Presented at the 21st Annual Conference on Global Economic Analysis, Cartagena, Colombia
Date: 2018
Version:
Created: Arguello, R. (4/15/2018)
Updated: Arguello, R. (6/12/2018)
Visits: 2,188
- Economic development
- Education
- South America


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  File format GTAP Resource 5588  (668.9 KB)   Replicated: 0 time(s)


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