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Granger Causality Between Life Expectancy, Education and Economic Growth in OECD Countries

Author

Listed:
  • Suna Korkmaz

    (Faculty of Economics and Administrative Sciences, Bandırma Onyedi Eylul University, Bandırma, Turkey)

  • Ibrahim Kulunk

    (Graduate School of Social Sciences, Balikesir University, Balikesir, Turkey)

Abstract

A series of researchers have discussed the relationship between human development index and economic growth since Mercantilist times. Education, health and life expectancy are some of the most commonly used indicators of the human development index. This study examines the higher education schooling rate, economic growth and life expectancy at birth in 10 selected OECD countries, using data from 2007-2013. A panel causality test is conducted to reveal the relationship between higher education schooling rate, life expectancy at birth and economic growth, showing a unidirectional causality relationship from economic growth to higher education schooling rate and life expectancy at birth.

Suggested Citation

  • Suna Korkmaz & Ibrahim Kulunk, 2016. "Granger Causality Between Life Expectancy, Education and Economic Growth in OECD Countries," Economic Research Guardian, Weissberg Publishing, vol. 6(1), pages 1-17, June.
    • Handle: RePEc:wei:journl:v:6:y:2016:i:1:p:1-17
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    More about this item

    Keywords

    Schooling Rate; Life Expectancy at Birth; Economic Growth; Panel Causality Test;
    All these keywords.

    JEL classification:

    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development

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