Munich Personal RePEc Archive

An Econometric Study of the Impact of Education on the Economic Development of Low-Income Countries

G., Germinal and Taleb Da Costa, Marcella (2021): An Econometric Study of the Impact of Education on the Economic Development of Low-Income Countries.

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Abstract

This paper has two purposes. The primary purpose of this paper is to investigate the contribution that education brings to society and to analyze how the educational system of low-income countries affects their economic development. The second purpose is to provide recommendations that will incentivize the improvement of the education system in low-income countries. To achieve these two objectives, we used several econometric techniques to measure the validity of three hypotheses. The first hypothesis measures the impact of literacy rate on human development of low-income countries. The second hypothesis measures the means years of schooling on income per capita in low-income countries, and the third hypothesis measures the impact of education on employment.

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