Results showed that, higher education is cointegrated to economic growth and either higher education or economic growth has significant causal effects on each other.
📌 3 Maddede Bu Makale
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Amaç & Hipotez:Recently, studies about the effects of higher education on economic growth in developing countries are taking more attention.
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Temel Bulgular & Veri:In this paper, long-run and causal relationships between higher education and economic growth in Turkish economy over 1970 2008 period were analy-sed.
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Sonuç & Katkı:Results showed that, higher education is cointegrated to economic growth and either higher education or economic growth has significant causal effects on each other.
🔬Tür:Araştırma Makalesi
📍Kapsam:2008 Verileri
⚙️Değişkenler:Alan Parametreleri
Abstract
Recently, studies about the effects of higher education on economic growth in developing countries are taking more attention. In this paper, long-run and causal relationships between higher education and economic growth in Turkish economy over 1970 2008 period were analy-sed. For this purpose, two higher education indicators were regressed over real GDP using ARDL (Autoregressive Distributed Lag) bounds testing approach and the causality between these variab-les was investigated by Dolado and Lütkepohl s style Granger causality test. Results showed that, higher education is cointegrated to economic growth and either higher education or economic growth has significant causal effects on each other.
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Bu Makaleye Atıf Yap
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DENISON, Edward.; (1967), Why Growth Rates Differ: Post-War Expe-rience in Nine Countries, Brookings Institutions, Washington, D.C., 324p. DENIZ, Zeynep and A. Suat DOGRUEL; (2008), Disaggregated Education Data and Growth: Some Facts from Turkey and MENA Countries, Topics in Middle Eastern and North African Economies (electron-ic journal), 10, Available at: http://www.luc.edu/orgs/meea/ vol-ume10/ meea10.html. DOLADO, Juan J. and Helmut LÜTKEPOHL; (1996), Making Wald Tests Work for Cointegrated VAR Systems, Econometric Reviews, 15, pp. 36986. ENGLE, Robert F., and Clive W.J. GRANGER; (1987), Cointegration and Error-Correction: Representation, Estimation and T