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.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Econometrics, Applied Econometrics, Education Policy, Statistical Methods, Regression Analysis, Economic Development
• Subjects: C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General; C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C12 - Hypothesis Testing: General; C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C21 - Cross-Sectional Models ; Spatial Models ; Treatment Effect Models ; Quantile Regressions; C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C50 - General; C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C54 - Quantitative Policy Modeling

References

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2. World Bank, Ibid.

3. World Bank, Ibid.

4. World Bank, Ibid.

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24. Ibid. p. 103

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29. Ibid. p. 11

30. Ibid. p. 11

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