Education and Economic Growth in Turkey: Cointegration Approach

Optimum Ekonomi ve Yönetim Bilimleri Dergisi

关键词: Education;    Economic Growth;    Cointegration;    Granger Causality;    Turkey;   

DOI  :  10.17541/optimum.292018

来源: DOAJ

【 摘 要 】

In the literature related to the field of economic growth, the issue of education and growth attract a great deal of attention by the researchers. This study, covering the period of 1980-2013, aims to explore the possible long-run relationship between economic growth and education by using the annual data pertaining to Turkey. The methods used in line with this objective are ARDL (Autoregressive Distributed Lag) and Johansen approaches. The variables of the model are GDP per capita, capital ratio, employment rate and level of education. The logarithm form of GDP per capita, capital ratio and employment rate were used. According to the findings of ARDL and Johansen approach, the variables are cointegrated. With respect to the long run model of ARDL approach, the variables of capital, employment and education level are statistically significant and have a positive effect on economic growth. In the short run model, on the other hand, the variable of capital is statistically significant and has a positive effect on growth. After the cointegration approach elucidating the existence of long-run relationship, Toda-Yamamoto approach was performed in order to be able to carry out Granger causality test. It was concluded that although education level is Granger cause of economic growth, economic growth is not Granger cause of education.

【 授权许可】

Unknown