IDEAS home Printed from https://ideas.repec.org/a/fis/journl/220112.html

Determination of the Impact of the Tertiary Education on Economic Growth: An Empirical Analysis in Countries with High Level of Education

Author

Listed:
  • Semra AYDOÄžDU BAÄžCI

Abstract

The aim of this study; is to investigate the effect of the government expenditures on tertiary education and of the total number of the enrolment in tertiary education in all programmes on the economic growth. The data set of the research is determined according to the education index. 16 countries with complete data from the 20 countries with the best education index were analyzed. This study covers the period 1990-2018. In the analysis, real Gross Domestic Product (GDP) per capita was taken as the dependent variable. The independent variables are the government expenditures on the tertiary education relation to GDP and the total number of the enrolment in tertiary education in all programmes. The datas were taken from the official page of the World Bank. Panel-ARDL method was used because it allows the analysis of stationary and non-stationary variables together. According to the result of the Panel ARDL; It has been determined that 1% increase in the public expenditures on tertiary education in the long run has a positive effect on economic growth by 3.71%. In the short run, 1% increase in the first difference of public expenditures on tertiary education reduces economic growth by 0.05%.

Suggested Citation

  • Semra AYDOÄžDU BAÄžCI, 2022. "Determination of the Impact of the Tertiary Education on Economic Growth: An Empirical Analysis in Countries with High Level of Education," Fiscaoeconomia, Tubitak Ulakbim JournalPark (Dergipark), issue 1.
    • Handle: RePEc:fis:journl:220112
    DOI: 10.25295/fsecon.1039328
    as

    Download full text from publisher

    File URL: https://dergipark.org.tr/en/download/article-file/2143231
    Download Restriction: no
    File URL: https://libkey.io/10.25295/fsecon.1039328?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • I20 - Health, Education, and Welfare - - Education - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

    Statistics

    Access and download statistics

    Corrections

    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:fis:journl:220112. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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: Emre Atsan (email available below). General contact details of provider: https://dergipark.org.tr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.