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    Growth in emerging economies: is there a role for education?

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    Authors
    Lenkei, Balint
    Mustafa, Ghulam
    Vecchi, Michela
    Affiliation
    Middlesex University London
    Forman Christian College (A Chartered University), Pakistan
    Middlesex University London
    Issue Date
    2018-04-01
    
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    Abstract
    We study the relationship between human capital and growth using a model which encompasses previous specifications and estimates the short and the long-run effects of human capital accumulation. We adopt an empirical framework which accounts for countries’ heterogeneity and cross-sectional dependence in a dynamic panel. Results for a sample of 14 Asian countries reveal a large and positive long-run impact of human capital on growth in the 1960–2013 period. Looking at different types of education we find that the diffusion of primary and secondary education has a positive long-run impact, while the long-run effect of tertiary education is negative. Low proportion of people educated at the tertiary level, lack of opportunities for highly educated workers and the brain drain phenomenon could explain this result. These results support policies directed towards increasing investments in primary and secondary education rather than focusing on a minority educated at the tertiary level.
    Citation
    Lenkei, B., Mustafa, G., and Vecchi, M. (2018) ‘Growth in emerging economies: is there a role for education?’, Economic Modelling, 73, pp.240-253. doi: 10.1016/j.econmod.2018.03.020
    Publisher
    Elsevier
    Journal
    Economic Modelling
    URI
    http://hdl.handle.net/10545/623160
    DOI
    10.1016/j.econmod.2018.03.020
    Additional Links
    https://doi.org/10.1016/j.econmod.2018.03.020
    Type
    Article
    Language
    en
    ISSN
    0264-9993
    ae974a485f413a2113503eed53cd6c53
    10.1016/j.econmod.2018.03.020
    Scopus Count
    Collections
    Derby Business School

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