Working Paper Series: Special Edition of 2016 to 2018 Interns

shift in the education landscape of St Vincent and the Grenadines since prior to this, secondary education had been making the most substantial contribution to growth for decades. Notwithstanding this, secondary education did have the greatest overall contribution over the entirety of the period (13.08 per cent compared to 11.76 per cent by tertiary). This is consistent with findings of the earlier regression analysis.

Table 6: Decomposition of GDP Growth Disaggregated Education Level Adjusted for Quality of Capital, SVG 1970-2014 (in per cent)

Contribution of

GDP Growth

Time Period

TFP

Education

Capital

Labour

Rates

Primary

Secondary

Tertiary

1971-75 1976-80 1981-85 1986-90 1991-95 1996-00 2001-05 2006-10 2011-14 Average

0.3 7.8 4.8 5.1 3.7 2.6 4.5 1.5 0.8

0.1 0.5 0.6 1.0 1.0 1.3 1.2 1.5 0.8

0.8 0.8 1.1 1.1 0.3 0.1 0.4 0.5 0.5

0.3 0.2 0.4 0.4

0.4 0.8 0.7 0.7 0.7 0.3 0.2 0.3 0.1

1.2 0.4 0.3 0.2 0.3 0.2 0.4 0.3 0.3

-2.5

5.2 1.7 1.7 1.7 1.1 2.4

-0.4 -0.4 -0.1 -0.3 -0.1 0.00

-0.9 -0.8 1.12

3.51

0.90

0.62

0.46

0.41

Contribution (100%)

25.76%

17.52%

-0.04%

13.08%

11.76%

31.92%

Source: Author’s Calculations. Discrepancies are due to rounding.

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