Influences of human capital and violence on economic growth: 1994-2014 Peru

Abstract

The objective of this article is to learn about the effects of human capital, violence and insecurity on the economic growth of the Peruvian departments during the 1994-2014 period. The econometric regression used is based on Ordinary Least Squares Method and indicates the existence of a partial interdepartmental convergence. The convergence rate is 0,415. The human capital accumulation (approximated for the years applicable for the study) shows a positive influence over the departmental economic growth, while violence and insecurity (represented by crimes against public heritage) shows a weak negative effect. Another variable that affects this process in a favorably is the higher level of commercial export integration.