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Education and Economic Growth: The Causal Relationship in Sierra Leone

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  • Jackson, Emerson Abraham

Abstract

The objective of the paper is to investigate the value-addition that expenditure on education has on economic growth in the Sierra Leone. The vector autoregression methodology is applied to annual dataspanning 2000 – 2021, taking the time series properties of variables into consideration. A shock to government investment in education shows a positive response of growth but not immediately, which confirm that investment in education is conducive to long-term growth in Sierra Leone. Given government budget constraint, especially under a highly constrained tax revenue mobilization, efforts in building Public-Private-Partnership (PPP) as a way of facilitating sustainable long-term economic growth is imperative while increased donor support for Government investment in education is important for sustained inclusive growth in Sierra Leone.

Suggested Citation

  • Jackson, Emerson Abraham, 2023. "Education and Economic Growth: The Causal Relationship in Sierra Leone," MPRA Paper 117310, University Library of Munich, Germany, revised 09 May 2023.
    • Handle: RePEc:pra:mprapa:117310
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    References listed on IDEAS

    as
    1. Emerson Abraham JACKSON & Mohamed JABBİE & Edmund TAMUKE & Augustine NGOMBU, 2020. "Adoption of Inflation Targeting in Sierra Leone: An Empirical Discourse," Journal of Economic Policy Researches, Istanbul University, Faculty of Economics, vol. 7(2), pages 21-50, July.
    2. Emerson JACKSON & Mohamed JABBIE, 2020. "Twin Deficits Hypothesis as an Indication of Government Failure in Sierra Leone: An Empirical Investigation (1980-2018)," Journal of Economic Policy Researches, Istanbul University, Faculty of Economics, vol. 7(1), pages 42-68, January.
    3. Jackson, Emerson Abraham & Jackson, Elijah & Jackson, Hudson, 2020. "Nurturing Career Development for human resource sustainable development," MPRA Paper 114161, University Library of Munich, Germany, revised 01 Jan 2020.
    4. Jackson, Emerson Abraham, 2019. "Global Perspectives on Gender Sensitivity and Economic Benefits," MPRA Paper 101788, University Library of Munich, Germany, revised 27 May 2020.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Education; Economic Growth; VAR; Sierra Leone;
    All these keywords.

    JEL classification:

    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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