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Growth effects of education with the extreme bounds analysis: some evidence from Asia

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  • Rao, B. Bhaskara
  • Cooray, Arusha
  • Hassan, Gazi Mainul

Abstract

This paper uses the Extreme Bounds Analysis (EBA) to find robust and permanent growth effects of education by using enrolment ratios and its components in a panel of Asian countries. It is found that male and female primary and secondary enrolment ratios have robust but small permanent growth effects. However, the growth effects of male and female tertiary enrolment ratios are fragile and insignificant. In contrast to the existing estimates in the literature, which do not distinguish between the transitory and permanent growth effects, our estimated permanent growth effects are small but significant.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 32279.

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Date of creation: 16 Jul 2011
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Handle: RePEc:pra:mprapa:32279

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Keywords: Education and growth; Solow Growth Model; Extreme bounds analysis and Total factor productivity.;

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