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Are There Separate Effects of Male and Female Higher Education on Economic Growth? Evidence from Greece

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  • Panagiotis Pegkas

    (Harokopio University of Athens)

  • Constantinos Tsamadias

    (Harokopio University of Athens)

Abstract

The purpose of the study is to investigate the effect of male and female higher education on economic growth in Greece over the period 1975–2012. It applies the model introduced by Mankiw, Romer and Weil (1992) by using enrolment rates by gender, as a proxy of quantity of human capital. The paper employs co-integration, regression and causality analysis to test the relationship between male and female higher education, physical capital investments and economic growth. The empirical analysis reveals that there is no long-run co-integrating relationship between males and females with higher education, physical capital investments and economic growth. In the short run, the effects of males and females with higher education are statistically insignificant (coefficient of males and females is positive and negative, respectively). The findings also suggest that there is evidence of unidirectional short-run Granger causality running from males and females with higher education to economic growth.

Suggested Citation

  • Panagiotis Pegkas & Constantinos Tsamadias, 2017. "Are There Separate Effects of Male and Female Higher Education on Economic Growth? Evidence from Greece," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(1), pages 279-293, March.
    • Handle: RePEc:spr:jknowl:v:8:y:2017:i:1:d:10.1007_s13132-015-0286-z
    DOI: 10.1007/s13132-015-0286-z
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    More about this item

    Keywords

    Gender enrolment rates; Higher education; Human capital; Economic growth; Greece;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development

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