Relationship Between Education and GDP Growth: A Bi-variate Causality

Authors

  • Melina Solaki Harokopio University

Keywords:

VECM, Granger Causality, Macro-Level Data, Education, Economic Growth.

Abstract

The aim of the paper is to investigate the long-run and the short-run relationship between human capital and economic growth in Greece over the period 1961-2006. The article uses bi-variate causality analysis, to study dynamics, by employing different methods of estimation. Specifically, the empirical results suggests that there is a positive relationship between education and GDPC and that Tertiary Education should be considered as exogenous variable, which implies that education contributed to economic growth in Greece during the estimation period.

Author Biography

Melina Solaki, Harokopio University

fields of interest: economics of education, time series, human capital.

 

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Published

2013-04-01

How to Cite

Solaki, M. (2013). Relationship Between Education and GDP Growth: A Bi-variate Causality. International Journal of Economic Practices and Theories, 3(2), 133-139. Retrieved from http://ijept.eu/index.php/ijept/article/view/Relationship_Between_Education_and_GDP_Growth

Issue

Vol. 3 No. 2 (2013)

Section

Articles

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