The Impact of Education Quality on Economic Growth: A Panel Cointegration and Causality Analysis

IF 1.2 4区经济学 Q3 ECONOMICS

Bulletin of Economic Research Pub Date : 2025-10-10 DOI:10.1111/boer.70010

Mariem Gharsallah, Salwa Trabelsi

引用次数: 0

Abstract

The study investigates the dynamic relationship between education quality and economic growth in developed and developing countries for the period 2000–2020. Considering the Group Mean Fully Modified OLS (GM-FMOLS) model, the results prove the existence of long-run equilibrium relationships among observed variables and that education quality has a strong and significant positive impact on economic growth. A Panel Vector Error Correction Model (PVECM) has been adopted to show the long-run and short-run causality among the variables across the countries. The PVECM result reveals the presence of long-run and short-run bidirectional causality between education quality and economic growth.

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教育质量对经济增长的影响：面板协整与因果分析

本研究考察了2000-2020年期间发达国家和发展中国家教育质量与经济增长之间的动态关系。考虑到群体平均完全修正OLS （GM-FMOLS）模型，结果证明观察变量之间存在长期均衡关系，教育质量对经济增长具有强烈而显著的正向影响。采用面板向量误差修正模型（PVECM）来显示各国变量之间的长期和短期因果关系。pecm结果揭示了教育质量与经济增长之间存在长期和短期双向因果关系。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Bulletin of Economic Research ECONOMICS-

CiteScore

1.40

自引率

0.00%

发文量

期刊介绍： The Bulletin of Economic Research is an international journal publishing articles across the entire field of economics, econometrics and economic history. The Bulletin contains original theoretical, applied and empirical work which makes a substantial contribution to the subject and is of broad interest to economists. We welcome submissions in all fields and, with the Bulletin expanding in new areas, we particularly encourage submissions in the fields of experimental economics, financial econometrics and health economics. In addition to full-length articles the Bulletin publishes refereed shorter articles, notes and comments; authoritative survey articles in all areas of economics and special themed issues.