The impact of education investment on Sri Lankan economic growth
Author
Abstract
Suggested Citation
DOI: 10.1016/j.econedurev.2011.08.001
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Romer, Paul M, 1986.
"Increasing Returns and Long-run Growth,"
Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
- Paul M Romer, 1999. "Increasing Returns and Long-Run Growth," Levine's Working Paper Archive 2232, David K. Levine.
- Isenman, Paul, 1980. "Basic needs: The case of Sri Lanka," World Development, Elsevier, vol. 8(3), pages 237-258, March.
- Devarajan, Shantayanan & Swaroop, Vinaya & Heng-fu, Zou, 1996.
"The composition of public expenditure and economic growth,"
Journal of Monetary Economics, Elsevier, vol. 37(2-3), pages 313-344, April.
- Shantayanan Devarajan & Vinaya Swaroop & Heng-fu Zou, 1996. "The composition of public expenditure and economic growth," CEMA Working Papers 77, China Economics and Management Academy, Central University of Finance and Economics.
- Robert J. Barro, 1991.
"Economic Growth in a Cross Section of Countries,"
The Quarterly Journal of Economics, Oxford University Press, vol. 106(2), pages 407-443.
- Barro, R.J., 1989. "Economic Growth In A Cross Section Of Countries," RCER Working Papers 201, University of Rochester - Center for Economic Research (RCER).
- Robert J. Barro, 1989. "Economic Growth in a Cross Section of Countries," NBER Working Papers 3120, National Bureau of Economic Research, Inc.
- Qaisar Abbas, 2001. "Endogenous Growth and Human Capital: A Comparative Study of Pakistan and Sri Lanka," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 40(4), pages 987-1007.
- Baharumshah, Ahmad Zubaidi & Mohd, Siti Hamizah & Mansur M. Masih, A., 2009. "The stability of money demand in China: Evidence from the ARDL model," Economic Systems, Elsevier, vol. 33(3), pages 231-244, September.
- Lau, Sau-Him Paul & Sin, Chor-Yiu, 1997. "Observational equivalence and a stochastic cointegration test of the neoclassical and Romer's increasing returns models," Economic Modelling, Elsevier, vol. 14(1), pages 39-60, January.
- Ryo Horii & Akiomi Kitagawa & Koichi Futagami, 2008.
"Availability Of Higher Education And Long‐Term Economic Growth,"
The Japanese Economic Review, Japanese Economic Association, vol. 59(2), pages 156-177, June.
- Akiomi Kitagawa & Ryo Horii & Koichi Futagami, 2003. "Availability of Higher Education and Long-Term Economic Growth," Discussion Papers in Economics and Business 03-14, Osaka University, Graduate School of Economics.
- Ryo Horii & Akiomi Kitagawa & Koichi Futagami, 2005. "Availability of Higher Education and Long-Term Economic Growth," Development and Comp Systems 0504005, University Library of Munich, Germany, revised 08 Sep 2005.
- Ryo Horii & Akiomi Kitagawa & Koichi Futagami, 2003. "Availability of Higher Education and Long-Term Economic Growth," Discussion Papers in Economics and Business 03-14-Rev, Osaka University, Graduate School of Economics, revised Sep 2005.
- Sudhir Anand & Martin Ravallion, 1993. "Human Development in Poor Countries: On the Role of Private Incomes and Public Services," Journal of Economic Perspectives, American Economic Association, vol. 7(1), pages 133-150, Winter.
- Lucas, Robert E, Jr, 1990. "Why Doesn't Capital Flow from Rich to Poor Countries?," American Economic Review, American Economic Association, vol. 80(2), pages 92-96, May.
- Ranasinghe, Athula & Hartog, Joop, 2002. "Free-education in Sri Lanka. Does it eliminate the family effect?," Economics of Education Review, Elsevier, vol. 21(6), pages 623-633, December.
- Prema‐chandra Athukorala & Sisira Jayasuriya, 2000. "Trade Policy Reforms and Industrial Adjustment in Sri Lanka," The World Economy, Wiley Blackwell, vol. 23(3), pages 387-404, March.
- Tallman, Ellis W. & Wang, Ping, 1994.
"Human capital and endogenous growth evidence from Taiwan,"
Journal of Monetary Economics, Elsevier, vol. 34(1), pages 101-124, August.
- Ellis W. Tallman & Ping Wang, 1990. "Human capital and endogenous growth: evidence from Taiwan," FRB Atlanta Working Paper 90-9, Federal Reserve Bank of Atlanta.
- Jeffrey M Wooldridge, 2010.
"Econometric Analysis of Cross Section and Panel Data,"
MIT Press Books,
The MIT Press,
edition 2, volume 1, number 0262232588, December.
- Jeffrey M. Wooldridge, 2001. "Econometric Analysis of Cross Section and Panel Data," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262232197, December.
- N. Gregory Mankiw & David Romer & David N. Weil, 1992.
"A Contribution to the Empirics of Economic Growth,"
The Quarterly Journal of Economics, Oxford University Press, vol. 107(2), pages 407-437.
- N. Gregory Mankiw & David Romer & David Weil, 1990. "A Contribution to the Empirics of Economic Growth," Working Papers 1990-24, Brown University, Department of Economics.
- N. Gregory Mankiw & David Romer & David N. Weil, 1990. "A Contribution to the Empirics of Economic Growth," NBER Working Papers 3541, National Bureau of Economic Research, Inc.
- Gemmell, Norman, 1996.
"Evaluating the Impacts of Human Capital Stocks and Accumulation on Economic Growth: Some New Evidence,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 58(1), pages 9-28, February.
- Norman Gemmell,, "undated". "Evaluating the Impacts of Human Capital Stocks and Accumulation on Economic Growth: Some New Evidence," Discussion Papers 95/17, University of Nottingham, CREDIT.
- Athukorala, Prema-chandra & Rajapatirana, Sarath, 2000. "Liberalization and Industrial Transformation: Lessons from the Sri Lankan Experience," Economic Development and Cultural Change, University of Chicago Press, vol. 48(3), pages 543-572, April.
- Rozana Himaz, 2010. "Intrahousehold Allocation of Education Expenditure: The Case of Sri Lanka," Economic Development and Cultural Change, University of Chicago Press, vol. 58(2), pages 231-258, January.
- Lee, Maw-Lin & Liu, Ben-Chieh & Wang, Ping, 1994.
"Education, human capital enhancement and economic development: Comparison between Korea and Taiwan,"
Economics of Education Review, Elsevier, vol. 13(4), pages 275-288.
- Lee, M.L. & Liu, B.C. & Wang, P., 1992. "Education, Human Capital Enhancement and Economic Development Comparison Between Korea and Taiwan," Papers 8-92-2, Pennsylvania State - Department of Economics.
- M. Hashem Pesaran & Yongcheol Shin & Richard J. Smith, 2001. "Bounds testing approaches to the analysis of level relationships," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(3), pages 289-326.
- Petrakis, P. E. & Stamatakis, D., 2002. "Growth and educational levels: a comparative analysis," Economics of Education Review, Elsevier, vol. 21(5), pages 513-521, October.
- Bhalla, Surjit S & Glewwe, Paul, 1986. "Growth and Equity in Developing Countries: A Reinterpretation of the Sri Lankan Experience," World Bank Economic Review, World Bank Group, vol. 1(1), pages 35-63, September.
- Glomm, Gerhard & Ravikumar, B., 1994. "Public investment in infrastructure in a simple growth model," Journal of Economic Dynamics and Control, Elsevier, vol. 18(6), pages 1173-1187, November.
- Eicher, Theo & Turnovsky, Stephen J, 2000.
"Scale, Congestion and Growth,"
Economica,
London School of Economics and Political Science, vol. 67(267), pages 325-346, August.
- Theo S Eicher & Stephen Turnovsky, 1998. "Scale, Congestion, and Growth," Working Papers 0071, University of Washington, Department of Economics.
- Theo S Eicher & Stephen Turnovsky, 1998. "Scale, Congestion, and Growth," Discussion Papers in Economics at the University of Washington 0071, Department of Economics at the University of Washington.
- Ms. Nombulelo Braiton, 2007. "Sri Lanka’s Sources of Growth," IMF Working Papers 2007/225, International Monetary Fund.
- Lau, Sau-Him Paul & Sin, Chor-Yiu, 1997. "Public Infrastructure and Economic Growth: Time-Series Properties and Evidence," The Economic Record, The Economic Society of Australia, vol. 73(221), pages 125-135, June.
- Oxley, Les & McAleer, Michael, 1993. "Econometric Issues in Macroeconomic Models with Generated Regressors," Journal of Economic Surveys, Wiley Blackwell, vol. 7(1), pages 1-40.
- Pagan, Adrian, 1984. "Econometric Issues in the Analysis of Regressions with Generated Regressors," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 25(1), pages 221-247, February.
- McMahon, Walter W., 1998. "Education and Growth in East Asia," Economics of Education Review, Elsevier, vol. 17(2), pages 159-172, April.
- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Hassan, Gazi & Cooray, Arusha, 2015. "Effects of male and female education on economic growth: Some evidence from Asia," Journal of Asian Economics, Elsevier, vol. 36(C), pages 97-109.
- Sudipto Mundle, 2018. "Fifty years of Asian experience in the spread of education and healthcare," WIDER Working Paper Series 97, World Institute for Development Economic Research (UNU-WIDER).
- Paravee Maneejuk & Woraphon Yamaka, 2021. "The Impact of Higher Education on Economic Growth in ASEAN-5 Countries," Sustainability, MDPI, vol. 13(2), pages 1-28, January.
- Ganegodage, K. Renuka & Rambaldi, Alicia N., 2014.
"Economic consequences of war: Evidence from Sri Lanka,"
Journal of Asian Economics, Elsevier, vol. 30(C), pages 42-53.
- Kumudini R. Ganegodage & Alicia N. Rambaldi, 2012. "Economic Consequences of War: Evidence from Sri Lanka," Discussion Papers Series 453, School of Economics, University of Queensland, Australia.
- Sudipto Mundle, 2018. "Fifty years of Asian experience in the spread of education and healthcare," WIDER Working Paper Series wp-2018-97, World Institute for Development Economic Research (UNU-WIDER).
- Gazi Mainul Hassan & Arusha Cooray, 2013. "Effects of Male and Female Education on Economic Growth: Some Evidence from Asia Using the Extreme Bounds Analysis," Working Papers in Economics 13/10, University of Waikato.
- R.A.Susantha Kumara Ranasinghe & Ichihashi Masaru, 2014. "The Composition of Government Expenditure and Economic Growth : The Case of Sri Lanka," IDEC DP2 Series 4-7, Hiroshima University, Graduate School for International Development and Cooperation (IDEC).
- Bai, Xuejie & Sun, Xianzhen & Chiu, Yung-Ho, 2020. "Does China's higher education investment play a role in industrial growth?," Technology in Society, Elsevier, vol. 63(C).
- Mundle, Sudipto, 2018. "Development of Education and Health Services in Asia and the Role of the State," Working Papers 18/239, National Institute of Public Finance and Policy.
- Sudipto Mundle, 2019. "The Development of Education and Health Services in Asia and the Role of the State," Working Papers id:12973, eSocialSciences.
- Liping Liao & Minzhe Du & Bing Wang & Yanni Yu, 2019. "The Impact of Educational Investment on Sustainable Economic Growth in Guangdong, China: A Cointegration and Causality Analysis," Sustainability, MDPI, vol. 11(3), pages 1-16, February.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Ganegodage, K. Renuka & Rambaldi, Alicia N., 2014.
"Economic consequences of war: Evidence from Sri Lanka,"
Journal of Asian Economics, Elsevier, vol. 30(C), pages 42-53.
- Kumudini R. Ganegodage & Alicia N. Rambaldi, 2012. "Economic Consequences of War: Evidence from Sri Lanka," Discussion Papers Series 453, School of Economics, University of Queensland, Australia.
- Adejumo, Oluwabunmi O. & Asongu, Simplice A. & Adejumo, Akintoye V., 2021.
"Education enrolment rate vs employment rate: Implications for sustainable human capital development in Nigeria,"
International Journal of Educational Development, Elsevier, vol. 83(C).
- Oluwabunmi O. Adejumo & Simplice A. Asongu & Akintoye V. Adejumo, 2021. "Education Enrollment Rate vs Employment Rate: Implications for Sustainable Human Capital Development in Nigeria," Research Africa Network Working Papers 21/013, Research Africa Network (RAN).
- Adejumo, Oluwabunmi & Asongu, Simplice & Adejumo, Akintoye, 2021. "Education Enrollment Rate vs Employment Rate: Implications for Sustainable Human Capital Development in Nigeria," MPRA Paper 109903, University Library of Munich, Germany.
- Oluwabunmi O. Adejumo & Simplice A. Asongu & Akintoye V. Adejumo, 2021. "Education Enrollment Rate vs Employment Rate: Implications for Sustainable Human Capital Development in Nigeria," Working Papers of the African Governance and Development Institute. 21/013, African Governance and Development Institute..
- Oluwabunmi O. Adejumo & Simplice A. Asongu & Akintoye V. Adejumo, 2021. "Education Enrollment Rate vs Employment Rate: Implications for Sustainable Human Capital Development in Nigeria," Working Papers 21/013, European Xtramile Centre of African Studies (EXCAS).
- Hassan, Gazi & Cooray, Arusha, 2015. "Effects of male and female education on economic growth: Some evidence from Asia," Journal of Asian Economics, Elsevier, vol. 36(C), pages 97-109.
- Konstantinos Angelopoulos & Jim Malley & Apostolis Philippopoulos, 2007.
"Public Education Expenditure, Growth and Welfare,"
CESifo Working Paper Series
2037, CESifo.
- Konstantinos Angelopoulos & Jim Malley & Apostolis Philippopoulos, 2007. "Public Education Expenditure, Growth and Welfare," Working Papers 2007_09, Business School - Economics, University of Glasgow.
- Panagiotis PEGKAS & Constantinos TSAMADIAS, 2015. "Does Formal Education At All Levels Cause Economic Growth? Evidence From Greece," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 15, pages 9-32, June.
- Dimitrios Paparas & Christian Richter, 2015. "Fiscal policy and economic growth: Empirical evidence from the European Union," Working Papers 2015.06, International Network for Economic Research - INFER.
- Kashif Munir & Shahzad Arshad, 2018.
"Factor accumulation and economic growth in Pakistan: incorporating human capital,"
International Journal of Social Economics, Emerald Group Publishing, vol. 45(3), pages 480-491, March.
- Arshad, Shahzad & Munir, Kashif, 2015. "Factor Accumulation and Economic Growth in Pakistan: Incorporating Human Capital," MPRA Paper 67012, University Library of Munich, Germany.
- Norman Gemmell, 2001.
"Fiscal Policy in a Growth Framework,"
WIDER Working Paper Series
DP2001-84, World Institute for Development Economic Research (UNU-WIDER).
- Norman Gemmell, 2010. "Fiscal Policy in a Growth Framework," Working Papers id:3163, eSocialSciences.
- Mariya Neycheva, 2010. "Does public expenditure on education matter for growth in Europe? A comparison between old EU member states and post-communist economies," Post-Communist Economies, Taylor & Francis Journals, vol. 22(2), pages 141-164.
- Petrakis, P. E. & Stamatakis, D., 2002. "Growth and educational levels: a comparative analysis," Economics of Education Review, Elsevier, vol. 21(5), pages 513-521, October.
- V. V. Chari & Patrick J. Kehoe & Ellen R. McGrattan, 1996.
"The Poverty of Nations: A Quantitative Exploration,"
NBER Working Papers
5414, National Bureau of Economic Research, Inc.
- V. V. Chari & Patrick J. Kehoe & Ellen R. McGrattan, 1997. "The poverty of nations: a quantitative exploration," Staff Report 204, Federal Reserve Bank of Minneapolis.
- Ibrar Hussain & Zahoor Khan & Muhmmad Rafiq, 2017. "Compositional Changes in Public Expenditure and Economic Growth: Time Series Evidence from Pakistan," Business & Economic Review, Institute of Management Sciences, Peshawar, Pakistan, vol. 9(1), pages 1-20, March.
- Samargandi, Nahla & Fidrmuc, Jan & Ghosh, Sugata, 2015.
"Is the Relationship Between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle-Income Countries,"
World Development, Elsevier, vol. 68(C), pages 66-81.
- Nahla Samargandi & Jan Fidrmuc & Sugata Ghosh, 2014. "Is the Relationship between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle Income Countries," CESifo Working Paper Series 4743, CESifo.
- ?gel de la Fuente, "undated".
"Convergence Across Countries And Regions: Theory And Empirics,"
UFAE and IAE Working Papers
447.00, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- de la Fuente, Angel, 2000. "Convergence Across Countries And Regions: Theory And Empirics," CEPR Discussion Papers 2465, C.E.P.R. Discussion Papers.
- Angel de la Fuente, 2002. "Convergence across countries and regions: theory and empirics," UFAE and IAE Working Papers 555.02, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Simplice A. Asongu & Voxi H. S. Amavilah & Antonio R. Andres, 2019.
"Business Dynamics, Knowledge Economy, and the Economic Performance of African Countries,"
Research Africa Network Working Papers
19/004, Research Africa Network (RAN).
- Simplice A. Asongu & Voxi H. S. Amavilah & Antonio R. Andres, 2019. "Business Dynamics, Knowledge Economy, and the Economic Performance of African Countries," Working Papers 19/004, European Xtramile Centre of African Studies (EXCAS).
- Simplice A. Asongu & Voxi H. S. Amavilah & Antonio R. Andres, 2019. "Business Dynamics, Knowledge Economy, and the Economic Performance of African Countries," CEREDEC Working Papers 19/004, Centre de Recherche pour le Développement Economique (CEREDEC).
- Simplice A. Asongu & Voxi H. S. Amavilah & Antonio R. Andres, 2019. "Business Dynamics, Knowledge Economy, and the Economic Performance of African Countries," Working Papers of the African Governance and Development Institute. 19/004, African Governance and Development Institute..
- Asongu, Simplice & Amavilah, Voxi Heinrich & Andrés, Antonio, 2019. "Business Dynamics, Knowledge Economy, and the Economic Performance of African Countries," MPRA Paper 93236, University Library of Munich, Germany.
- Turnovsky, S., 2000.
"Growth in an Open Economy: some Recent Developments,"
Papers
5, Warwick - Development Economics Research Centre.
- Stephen J. Turnovsky, 2000. "Growth in an open economy: some recent developments," Working Paper Research 05, National Bank of Belgium.
- Stephen Turnovsky, 2000. "Growth in an Open Economy: Some Recent Developments," Working Papers 0015, University of Washington, Department of Economics.
- Stephen Turnovsky, 2000. "Growth in an Open Economy: Some Recent Developments," Discussion Papers in Economics at the University of Washington 0015, Department of Economics at the University of Washington.
- Gazi Mainul Hassan & Arusha Cooray, 2013. "Effects of Male and Female Education on Economic Growth: Some Evidence from Asia Using the Extreme Bounds Analysis," Working Papers in Economics 13/10, University of Waikato.
- Thomas Doring & Jan Schnellenbach, 2006.
"What do we know about geographical knowledge spillovers and regional growth?: A survey of the literature,"
Regional Studies, Taylor & Francis Journals, vol. 40(3), pages 375-395.
- Döring, Thomas & Schnellenbach, Jan, 2004. "What Do We Know About Geographical Knowledge Spillovers and Regional Growth? A Survey of the Literature," Research Notes 14, Deutsche Bank Research.
- Youngjin Woo & Euijune Kim & Jaewon Lim, 2017. "The Impact of Education and R&D Investment on Regional Economic Growth," Sustainability, MDPI, vol. 9(5), pages 1-18, April.
- Helliwell, John F., 1994.
"Empirical Linkages Between Democracy and Economic Growth,"
British Journal of Political Science, Cambridge University Press, vol. 24(2), pages 225-248, April.
- John F. Helliwell, 1992. "Empirical Linkages Between Democracy and Economic Growth," NBER Working Papers 4066, National Bureau of Economic Research, Inc.
More about this item
Keywords
Secondary school education; University education; Physical capital; Human capital; Externality effects;All these keywords.
JEL classification:
- O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
- O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
- I2 - Health, Education, and Welfare - - Education
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecoedu:v:30:y:2011:i:6:p:1491-1502. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: http://www.elsevier.com/locate/econedurev .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/econedurev .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.