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The contribution of education to economic growth: Evidence from Nepal

Author

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  • Gangadhar Dahal

    (University of Warsaw)

Abstract

This paper investigates the long run relationship between education and economic growth in Nepal between 1995 and 2013 through application of Johansen Cointegration technique and OLS. The results from OLS show that secondary and higher education contributes significantly to the Real GDP Per Capita in Nepal. The elementary education also positively influences economic growth but the results are statistically less significant. The cointegration test results confirmed the existence of long run relationship in education (a well-educated human capital) and Real GDP Per Capita. It is therefore, suggested to keep education on top priority in public policies, make serious efforts for Universalization of Primary Education and discourage the drop-out rate at all levels of education to achieve sustained economic growth.

Suggested Citation

  • Gangadhar Dahal, 2016. "The contribution of education to economic growth: Evidence from Nepal," Proceedings of International Academic Conferences 3606124, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:3606124
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    Cited by:

    1. Batara Surya & Syafri Syafri & Hernita Sahban & Harry Hardian Sakti, 2020. "Natural Resource Conservation Based on Community Economic Empowerment: Perspectives on Watershed Management and Slum Settlements in Makassar City, South Sulawesi, Indonesia," Land, MDPI, vol. 9(4), pages 1-31, March.
    2. Syamsurijal Abdul Kadir & Azwardi & Rulyanti Susi Wardhani & Nurkardina Novalia & Ahmad Maulana, 2018. "The Impact of Physical and Human Capital on the Economic Growth of Agricultural Sector in South Sumatera," International Journal of Economics and Financial Issues, Econjournals, vol. 8(4), pages 322-326.
    3. Diana Toimbek, 2022. "Problems and Perspectives of Transition to the Knowledge-Based Economy in Kazakhstan," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(2), pages 1088-1125, June.
    4. Luxolo Malangeni & Andrew Phiri, 2018. "Education and Economic Growth in Post-apartheid South Africa: An Autoregressive Distributive Lag Approach," International Journal of Economics and Financial Issues, Econjournals, vol. 8(2), pages 101-107.
    5. Fairuzah Pertiwi Kartasasmita & Eny Sulistyaningrum, 2021. "The Impact of School Operational Assistance Program Implementation at School Level on Senior Secondary Education Enrollment by Households: Evidence from Indonesia in 2007 and 2014," Economics and Finance in Indonesia, Faculty of Economics and Business, University of Indonesia, vol. 67, pages 163-182, Desember.
    6. Kiran Zahra & Mudassar Yasin & Baserat Sultana & Zulqarnain Haider & Raheela Khatoon, 2021. "Impact of Women Education on Economic Growth: An Evidence from Pakistan," Journal of Economic Impact, Science Impact Publishers, vol. 3(2), pages 113-120.
    7. Batara Surya & Syafri Syafri & Hadijah Hadijah & Baharuddin Baharuddin & Andi Tenri Fitriyah & Harry Hardian Sakti, 2020. "Management of Slum-Based Urban Farming and Economic Empowerment of the Community of Makassar City, South Sulawesi, Indonesia," Sustainability, MDPI, vol. 12(18), pages 1-42, September.
    8. Simona Andreea Apostu & Lindita Mukli & Mirela Panait & Iza Gigauri & Eglantina Hysa, 2022. "Economic Growth through the Lenses of Education, Entrepreneurship, and Innovation," Administrative Sciences, MDPI, vol. 12(3), pages 1-14, June.
    9. Luxolo Malangeni & Andrew Phiri, 2017. "Education and economic growth in post-Apartheid South Africa," Working Papers 1716, Department of Economics, Nelson Mandela University, revised Dec 2017.
    10. Marco Marto & João Lourenço Marques & Mara Madaleno, 2022. "An Evaluation of the Efficiency of Tertiary Education in the Explanation of the Performance of GDP per Capita Applying Data Envelopment Analysis (DEA)," Sustainability, MDPI, vol. 14(23), pages 1-20, November.
    11. Sieng, Lai Wei & Yussof, Ishak, 2018. "Impact of Higher Education on Income and Economic Growth: A Cross Country Evidence," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 52(2), pages 189-198.
    12. Chaohai Shen & Tong Sheng & Xingheng Shi & Bingquan Fang & Xiaoqian Lu & Xiaolan Zhou, 2022. "The Relationship between Housing Price, Teacher Salary Improvement, and Sustainable Regional Economic Development," Land, MDPI, vol. 11(12), pages 1-21, December.
    13. Kauano, Érico Emed & Silva, José Maria Cardoso & Diniz Filho, José Alexandre Felizola & Michalski, Fernanda, 2020. "Do protected areas hamper economic development of the Amazon region? An analysis of the relationship between protected areas and the economic growth of Brazilian Amazon municipalities," Land Use Policy, Elsevier, vol. 92(C).
    14. Malangeni, Luxolo & Phiri, Andrew, 2017. "Education and economic growth in post-Apartheid South Africa: An ARDL approach," MPRA Paper 83017, University Library of Munich, Germany.
    15. Ejiro U. Osiobe, 2019. "A Literature Review of Human Capital and Economic Growth," Business and Economic Research, Macrothink Institute, vol. 9(4), pages 179-196, December.

    More about this item

    Keywords

    Education; Economic growth; Ordinary Least Squares (OLS);
    All these keywords.

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models

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