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Income and Education in Turkey: A Multivariate Analysis

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  • Ramazan Sari
  • Ugur Soytas

Abstract

Although the role of education in an economy is emphasized in theoretical studies, empirical literature finds mixed results for the relationship between growth and education. We examine the relationship between Gross Domestic Product (GDP) and enrollments in primary, secondary, and high schools, as well as universities in Turkey for 1937-1996, in a multivariate framework. We find that real GDP and educational variables are cointegrated. We also discover different directions of Granger causality between different levels of education and GDP. The generalized forecast error variance decomposition and impulse response analyses seem to confirm the importance of school enrollments in explaining growth.

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Education Economics.

Volume (Year): 14 (2006)
Issue (Month): 2 ()
Pages: 181-196

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Handle: RePEc:taf:edecon:v:14:y:2006:i:2:p:181-196

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Related research

Keywords: Educational economics; cointegration; generalized variance decomposition; impulse response;

References

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Citations

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Cited by:
  1. Çokgezen, Murat, 2011. "Türkiye’de devletin eğitime müdahalesi: Piyasa ve devletin başarısızlıkları
    [Government intervention in education in Turkey: Market and government failures]
    ," MPRA Paper 35209, University Library of Munich, Germany.
  2. Benos, Nikos & Karagiannis, Stelios, 2013. "Do Cross-Section Dependence and Parameter Heterogeneity Matter? Evidence on Human Capital and Productivity in Greece," MPRA Paper 53326, University Library of Munich, Germany.
  3. Andrei, Tudorel & Lefter, Viorel & Oancea, Bogdan & Stancu, Stelian, 2010. "A Comparative Study of Some Features of Higher Education in Romania, Bulgaria and Hungary," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 280-294, July.

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