Education and economic growth in post-Apartheid South Africa: An ARDL approach

Malangeni, Luxolo and Phiri, Andrew (2017): Education and economic growth in post-Apartheid South Africa: An ARDL approach. Published in:

Abstract

Using annual data collected between 1994 and 2014, this current study investigate the long-run and short-run cointegration relations between education and economic growth in South Africa using the bounds approach to ARDL model. Our empirical results obtained in the study point to an insignificant relationship between education and economic growth in South Africa, a finding which goes contrary to both existing theoretical and empirical postulations. These obtained results hence imply that the issue with education may not so much with the quantity of existing education but rather the quality. Therefore, our study advises policymakers to place much emphasis on quality of education is such education is likely to promote economic growth.

• Item Type: MPRA Paper
• Language: English
• Keywords: Education; economic growth; ARDL model; cointegration, South Africa.
• Subjects: C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models; C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C51 - Model Construction and Estimation; I - Health, Education, and Welfare > I2 - Education and Research Institutions > I25 - Education and Economic Development; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O40 - General

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