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The criticality of institutions and the macroeconomy for education outcomes in Africa

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  • Evans, Olaniyi

Abstract

This study investigates the significance of the macroeconomy and institutions for educational outcomes in Africa. The annual panel data used in the study covers the period from 1995 to 2016 for 48 African countries. The study shows that the macroeconomy in the form of GDP per capita, natural resources rents, remittances and migration have significant positive effects on educational outcomes while lending interest rate and inflation have significant negative effects. The study further shows that institutions in the form of corruption has significant negative effects on educational outcomes while political stability has significant positive effects. Overall, the study shows that a conducive macroeconomic and institutional environment is critical for education.

Suggested Citation

  • Evans, Olaniyi, 2022. "The criticality of institutions and the macroeconomy for education outcomes in Africa," MPRA Paper 118197, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:118197
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    More about this item

    Keywords

    Macroeconomy; institutions; educational outcomes;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • P5 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems

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