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Economic Growth and Disparity Issues in Income and Education: A Causal Enquiry on ASEAN Countries

Author

Listed:
  • Azfar Hilmi Baharudin

    (Department of Economics, Universiti Teknologi MARA Johor)

  • Rosmah Abd. Ghani@Ismail

    (Department of Economics, Universiti Teknologi MARA Johor)

  • Nor Hamiza Mohd Ghani

    (Department of Economics, Universiti Teknologi MARA Johor)

Abstract

Using alternative method to the standard Granger causality approach, this paper intends to shed light on causality relationships which have not been explored before, as well as provide rigour to some pre-established causal linkages. In particular, this paper lends empirical insight to the literature by examining causal linkages among economic growth, income inequality and education inequality. Data for several ASEAN countries are analysed using Toda-Yamamoto Granger Causality test. Several lag specifications were considered and the appropriate model was selected based on various diagnostic measures. The results revealed a unidirectional causality from income inequality to economic growth. Test procedures failed to find any evidence of causality between economic growth and education inequality as well as between education inequality and income inequality despite various empirical findings in other studies suggesting some form of connection among the variables.

Suggested Citation

  • Azfar Hilmi Baharudin & Rosmah Abd. Ghani@Ismail & Nor Hamiza Mohd Ghani, 2016. "Economic Growth and Disparity Issues in Income and Education: A Causal Enquiry on ASEAN Countries," Institutions and Economies (formerly known as International Journal of Institutions and Economies), Faculty of Economics and Administration, University of Malaya, vol. 8(3), pages 1-36, July.
    • Handle: RePEc:umk:journl:v:8:y:2016:i:23:p:1-36
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    More about this item

    Keywords

    Education; economic growth; income; inequality; socio-economic development;
    All these keywords.

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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