A comparative study of the impact of education on economic growth in 49 selected developing countries

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dc.contributor.authorIslam, Syeda Arowah
dc.contributor.authorUniversity of Lethbridge. Faculty of Arts and Science
dc.contributor.supervisorRockerbie, Duane
dc.date.accessioned2023-11-23T20:34:46Z
dc.date.available2023-11-23T20:34:46Z
dc.date.issued2023
dc.degree.levelMasters
dc.description.abstractThis paper estimates the potential impact of human capital, proxied by government expenditures on education, on economic growth. A panel data regression analysis is employed to investigate this association, utilizing yearly data from 2005 to 2010 across 49 selected developing countries. The regression model employs fixed effects and random effects and includes corrections for panel heteroskedasticity and serial correlation. A vector of other independent variables is utilized to account for other factors that could affect GDP growth based on those suggested by other studies. The fixed effects results suggest a positive but statistically insignificant relationship between government expenditure on education and GDP growth (annual %). Conversely, the random effects results suggest an insignificant negative relationship between government expenditure on education and GDP growth (annual %). These results raise questions regarding the productive utilization of education within society and prompt further inquiries into the efficiency of education in developing countries.
dc.identifier.urihttps://hdl.handle.net/10133/6633
dc.language.isoen
dc.proquest.subject0501
dc.proquest.subject0515
dc.proquestyesYes
dc.publisherLethbridge, Alta. : University of Lethbridge, Dept. of Economics
dc.publisher.departmentDepartment of Economics
dc.publisher.facultyArts and Science
dc.relation.ispartofseriesThesis (University of Lethbridge. Faculty of Arts and Science)
dc.subjecteconomic growth
dc.subjecteducation
dc.subjectdeveloping countries
dc.subjecteducational impact
dc.subjecthuman capital
dc.subject.lcshEconomic development--Effect of education on--Developing countries--Econometric models
dc.subject.lcshEconomic development--Effect of education on--Research--Developing countries
dc.subject.lcshDeveloping countries--Economic conditions
dc.subject.lcshHuman capital--Developing countries
dc.subject.lcshEducation--Economic aspects--Research--Developing countires
dc.subject.lcshAcademic achievement--Developing countries--Econometric models
dc.subject.lcshDissertations, Academic
dc.titleA comparative study of the impact of education on economic growth in 49 selected developing countries
dc.typeThesis
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