Education and Economic Growth in Developing Countries: Empirical Evidence from GMM Estimators for Dynamic Panel Data

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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Bibliographic Details
Main Author: Sebki Wafa
Format: Article
Language:English
Published: Sciendo 2021-01-01
Series:Economics and Business
Subjects:
developing countries
economic growth
education
human capital
panel data
i20
o40
c33
Online Access:https://doi.org/10.2478/eb-2021-0002
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spelling doaj-d682f561ab2f490a9c05c633fcf5e5362021-09-22T06:13:24ZengSciendoEconomics and Business2256-03942021-01-01351142910.2478/eb-2021-0002Education and Economic Growth in Developing Countries: Empirical Evidence from GMM Estimators for Dynamic Panel DataSebki Wafa0University of Abou Bakr Belkaid,Tlemcen, AlgeriaThe 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.https://doi.org/10.2478/eb-2021-0002developing countrieseconomic growtheducationhuman capitalpanel datai20o40c33
collection DOAJ
language English
format Article
sources DOAJ
author Sebki Wafa
spellingShingle Sebki Wafa
Education and Economic Growth in Developing Countries: Empirical Evidence from GMM Estimators for Dynamic Panel Data
Economics and Business
developing countries
economic growth
education
human capital
panel data
i20
o40
c33
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
series Economics and Business
issn 2256-0394
publishDate 2021-01-01
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.
topic developing countries
economic growth
education
human capital
panel data
i20
o40
c33
url https://doi.org/10.2478/eb-2021-0002
work_keys_str_mv AT sebkiwafa educationandeconomicgrowthindevelopingcountriesempiricalevidencefromgmmestimatorsfordynamicpaneldata
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