Causal Relationship Between Health, Education And Economic Growth In A Selected Developing Countries
Subject Areas : Bi-quarterly Journal of development economics and planning
moloud jafari
1
(department of economics, khomeinishahr branch, islamic azad university, isfahan, iran)
maryam jafari
2
(islamic azad university)
M. Emadzadeh
3
(Full Professor, Faculty of Administrative Science and Economic - University of Esfahan)
Keywords: Economic Growth, Panel Data, Life expectancy, causality test, education,
Abstract :
Achieving sustainable economic growth requires a lot of investment in infrastructure to increase production capacity and revenue. These investments include not only physical investment, but also human investment, research and innovation, education, health and labor migration. Thus, one of the most important factors affecting economic growth, in addition to labor and physical capital, is human capital.This article examines the causal relationship between education, health, and economic growth in 12 developing countries during 1983 - 2020. For this purpose, using Granger's causality method for panel data, the causality relationship between these three variables is examined in the short -run. In order to estimate the long-run relationship, Dynamic Ordinary Least Squares (DOLS) method is also used. The results indicate that in the long-run, there is a two-way causal relationship between the economic growth index and the health index, as well as a two-way causal relationship between the health index and the education index. However, there was no causal relationship between education and economic growth in the long- run, although in the short -run there was only one causal relationship between economic growth and the education index.
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