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HIGHER EDUCATION AND ECONOMIC GROWTH: AN EMPIRICAL INVESTIGATION OF COINTEGRATION AND CAUSALITY FOR TURKISH ECONOMY

Journal Name:

  • Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi

Publication Year:

  • 2010

Key Words:

Keywords (Original Language):

Author NameUniversity of AuthorFaculty of Author
Abstract (2. Language): 
Recently, studies about the effects of higher education on economic growth in developing countries are taking more attention. In this paper, long-run and causal relationships between higher education and economic growth in Turkish economy over 1970–2008 period were analy-sed. For this purpose, two higher education indicators were regressed over real GDP using ARDL (Autoregressive Distributed Lag) bounds testing approach and the causality between these variab-les was investigated by Dolado and Lütkepohl’s style Granger causality test. Results showed that, higher education is cointegrated to economic growth and either higher education or economic growth has significant causal effects on each other.
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Abstract (Original Language): 
Son yıllarda gelişmekte olan ülkelerde yüksek öğretimin ekonomik büyüme üzerindeki etkilerini konu alan çalışmalar daha fazla ilgi çekmektedir. Bu çalışmada Türk ekonomisinde 1970-2008 döneminde yüksek öğretim ve ekonomik büyüme arasındaki uzun dönemli ve neden-sel ilişkiler analiz edilmiştir. Söz konusu amaç için iki yüksek öğretim göstergesi ARDL sınır testi yaklaşımı kullanılarak reel GSYİH üzerine regrese edilmiş ve değişkenler arasındaki nedensellik ilişkisi Dolado ve Lütkepohl tarzı Granger nedensellik testi ile araştırılmıştır. Sonuçlar Türk ekonomisinde yüksek öğretim ile ekonomik büyümenin eşbütünleşik ve hem yüksek öğretimin hem de ekonomik büyümenin birbirleri üzerinde anlamlı nedensel etkileri olduğunu göstermiştir.
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