Theoretical and empirical literature have focused on supply factors when studying economic growth determinants. The present work analyzes demand factors as determinants of the Bolivian economic growth between 1953-2002 using framework introduced by Thirlwall (1979). According to cointegration...

Modern theories of economic growth recognize human capital as the main factor of growth. Strong investments of countries in education and research are justified by this fact. However, there are few studies analyzing the interaction between the development of human capital and the economic growth...