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Higher Education and Economic Growth: A Comparative Analysis of World Regions Trajectories

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  • Amaghouss, Jabrane

    (Department of Economics, FSJES, Cadi Ayyad University, Marrakech, Morocco)

  • Ibourk, Aomar

    (Department of Economics, FSJES, Cadi Ayyad University, Marrakech, Morocco)

Abstract

This paper aims to test the empirical relationship between education, approximated by the level of higher education, and economic growth. To do this, we estimated a growth function on panel data from 69 countries observed between 2000 and 2010. The results show that theoretical consensus is validated by empirical evidence about the positive impact of higher education on Economic Growth. It shows that investment in higher education must become an essential factor in the development strategies adopted by the countries. Istruzione superiore e crescita economica: un’analisi comparativa delle tendenze mondiali Lo scopo di questo lavoro è quello di esaminare la relazione empirica tra l’istruzione, intesa come istruzione superiore, e la crescita economica. A questo fine è stata utilizzata la funzione della crescita su dati panel relativi a 69 paesi nel periodo 2000-2010. I risultati hanno dimostrato che la teoria è supportata dall’evidenza empirica che l’istruzione superiore ha un impatto positivo sulla crescita economica. Ciò dimostra anche che gli investimenti nel campo dell’istruzione superiore devono diventare un fattore essenziale nelle strategie di sviluppo dei vari paesi.

Suggested Citation

  • Amaghouss, Jabrane & Ibourk, Aomar, 2019. "Higher Education and Economic Growth: A Comparative Analysis of World Regions Trajectories," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 72(3), pages 321-350.
    • Handle: RePEc:ris:ecoint:0851
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    More about this item

    Keywords

    Higher Education; Economic Growth; Panel Data;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • P50 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - General

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