The objective is to contribute to improving knowledge about the effects of education on the macroeconomy and highlight the benefits focused on the case of the Latin American and Caribbean (LAC) region. Reducing this knowledge gap and focusing it on the region helps provide evidence-based arguments for governments to invest more in education, since many of them tend to give great weight to the macroeconomy and the increase in real GDP as an indicator to summarize the country's level of economic development. The authorities also have the incentive to focus on the short term, given the defined period of government, and to implement their political platform. It is perceived that investment in education generates long-term results through greater human capital in the productive stage. This CT will expand this scope to include: (i) Direct effects in the short term on the macroeconomy of investing in education. Such as those that result from a recomposition of public spending on imports, exports, or other components of GDP. (ii) Indirect effects, that is, through other variables that result in social benefits that have an impact on development and production components, which must especially consider the development challenges of LAC.
Project Detail
Country
Regional
Project Number
RG-T4529
Approval Date
-
Project Status
Preparation
Project Type
Technical Cooperation
Sector
OTHER
Subsector
OTHER
Lending Instrument
-
Lending Instrument Code
-
Modality
-
Facility Type
-
Environmental Classification
-
Total Cost
USD 200,000.00
Country Counterpart Financing
-
Original Amount Approved
USD 200,000.00