The criticality of institutions and the macroeconomy for education outcomes in Africa

Evans, Olaniyi (2022): The criticality of institutions and the macroeconomy for education outcomes in Africa. Published in: Asian Journal of Economics and Finance , Vol. 4, No. 2 (2022): pp. 217-234.

Abstract

This study investigates the significance of the macroeconomy and institutions for educational outcomes in Africa. The annual panel data used in the study covers the period from 1995 to 2016 for 48 African countries. The study shows that the macroeconomy in the form of GDP per capita, natural resources rents, remittances and migration have significant positive effects on educational outcomes while lending interest rate and inflation have significant negative effects. The study further shows that institutions in the form of corruption has significant negative effects on educational outcomes while political stability has significant positive effects. Overall, the study shows that a conducive macroeconomic and institutional environment is critical for education.

• Item Type: MPRA Paper
• Language: English
• Keywords: Macroeconomy; institutions; educational outcomes
• Subjects: E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E62 - Fiscal Policy; I - Health, Education, and Welfare > I2 - Education and Research Institutions > I25 - Education and Economic Development; P - Economic Systems > P5 - Comparative Economic Systems

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