Education and Economic Growth in Developing Countries: Empirical Evidence from GMM Estimators for Dynamic Panel Data
The paper aims at studying the effect of education measured by enrolment ratios in secondary and higher education on economic growth measured by the rate of GDP growth in a sample of 40 developing countries during the period from 2002 to 2016 using the dynamic panel data estimators. The results of e...
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oai:doaj.org-article:d682f561ab2f490a9c05c633fcf5e5362021-12-05T14:11:06ZEducation and Economic Growth in Developing Countries: Empirical Evidence from GMM Estimators for Dynamic Panel Data2256-039410.2478/eb-2021-0002https://doaj.org/article/d682f561ab2f490a9c05c633fcf5e5362021-01-01T00:00:00Zhttps://doi.org/10.2478/eb-2021-0002https://doaj.org/toc/2256-0394The paper aims at studying the effect of education measured by enrolment ratios in secondary and higher education on economic growth measured by the rate of GDP growth in a sample of 40 developing countries during the period from 2002 to 2016 using the dynamic panel data estimators. The results of estimating the model of this study using the difference GMM estimator or what is known as the Arellano and Bond estimator showed that the proportions of those enrolled in tertiary education had a significant positive effect on economic growth, while the proportions of those enrolled in secondary education had a significant negative effect.Sebki WafaSciendoarticledeveloping countrieseconomic growtheducationhuman capitalpanel datai20o40c33BusinessHF5001-6182Economics as a scienceHB71-74ENEconomics and Business, Vol 35, Iss 1, Pp 14-29 (2021) |
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developing countries economic growth education human capital panel data i20 o40 c33 Business HF5001-6182 Economics as a science HB71-74 |
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developing countries economic growth education human capital panel data i20 o40 c33 Business HF5001-6182 Economics as a science HB71-74 Sebki Wafa Education and Economic Growth in Developing Countries: Empirical Evidence from GMM Estimators for Dynamic Panel Data |
description |
The paper aims at studying the effect of education measured by enrolment ratios in secondary and higher education on economic growth measured by the rate of GDP growth in a sample of 40 developing countries during the period from 2002 to 2016 using the dynamic panel data estimators. The results of estimating the model of this study using the difference GMM estimator or what is known as the Arellano and Bond estimator showed that the proportions of those enrolled in tertiary education had a significant positive effect on economic growth, while the proportions of those enrolled in secondary education had a significant negative effect. |
format |
article |
author |
Sebki Wafa |
author_facet |
Sebki Wafa |
author_sort |
Sebki Wafa |
title |
Education and Economic Growth in Developing Countries: Empirical Evidence from GMM Estimators for Dynamic Panel Data |
title_short |
Education and Economic Growth in Developing Countries: Empirical Evidence from GMM Estimators for Dynamic Panel Data |
title_full |
Education and Economic Growth in Developing Countries: Empirical Evidence from GMM Estimators for Dynamic Panel Data |
title_fullStr |
Education and Economic Growth in Developing Countries: Empirical Evidence from GMM Estimators for Dynamic Panel Data |
title_full_unstemmed |
Education and Economic Growth in Developing Countries: Empirical Evidence from GMM Estimators for Dynamic Panel Data |
title_sort |
education and economic growth in developing countries: empirical evidence from gmm estimators for dynamic panel data |
publisher |
Sciendo |
publishDate |
2021 |
url |
https://doaj.org/article/d682f561ab2f490a9c05c633fcf5e536 |
work_keys_str_mv |
AT sebkiwafa educationandeconomicgrowthindevelopingcountriesempiricalevidencefromgmmestimatorsfordynamicpaneldata |
_version_ |
1718371389379969024 |