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Education and Economic Growth: The Causal Relationship in Sierra Leone

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  • Jackson, Emerson Abraham

Abstract

The objective of the paper is to investigate the value-addition that expenditure on education has on economic growth in the Sierra Leone. The vector autoregression methodology is applied to annual dataspanning 2000 – 2021, taking the time series properties of variables into consideration. A shock to government investment in education shows a positive response of growth but not immediately, which confirm that investment in education is conducive to long-term growth in Sierra Leone. Given government budget constraint, especially under a highly constrained tax revenue mobilization, efforts in building Public-Private-Partnership (PPP) as a way of facilitating sustainable long-term economic growth is imperative while increased donor support for Government investment in education is important for sustained inclusive growth in Sierra Leone.

Suggested Citation

  • Jackson, Emerson Abraham, 2023. "Education and Economic Growth: The Causal Relationship in Sierra Leone," MPRA Paper 117310, University Library of Munich, Germany, revised 09 May 2023.
    • Handle: RePEc:pra:mprapa:117310
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    File URL: https://mpra.ub.uni-muenchen.de/117310/1/Policy%20Brief%20_%20E.A.%20Jackson.pdf
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    References listed on IDEAS

    as
    1. Emerson JACKSON & Mohamed JABBIE, 2020. "Twin Deficits Hypothesis as an Indication of Government Failure in Sierra Leone: An Empirical Investigation (1980-2018)," Journal of Economic Policy Researches, Istanbul University, Faculty of Economics, vol. 7(1), pages 42-68, January.
    2. Jackson, Emerson Abraham & Jackson, Elijah & Jackson, Hudson, 2020. "Nurturing Career Development for human resource sustainable development," MPRA Paper 114161, University Library of Munich, Germany, revised 01 Jan 2020.
    3. Emerson Abraham JACKSON & Mohamed JABBİE & Edmund TAMUKE & Augustine NGOMBU, 2020. "Adoption of Inflation Targeting in Sierra Leone: An Empirical Discourse," Journal of Economic Policy Researches, Istanbul University, Faculty of Economics, vol. 7(2), pages 21-50, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Education; Economic Growth; VAR; Sierra Leone;
    All these keywords.

    JEL classification:

    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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