The Impact Of Education On Economic Growth In Developing Countries:, Static Panel Data Analysis

2021 ◽  
pp. 978
Author(s):  
Wafa Sebki
Author(s):  
Ziya Çağlar Yurttançıkmaz ◽  
Ömer Selçuk Emsen ◽  
Ahmet Fatih Aydemir ◽  
Ahmet Alkan Çelik

As economic growth is very important for the development of individuals and the society, the importance of capital stocks and labor force for the economic growth of countries cannot be neglected. Additionally, the human capital component and especially the role of competitiveness increases on the growth process have been extensively discussed over the last two decades. This paper examines the impact of competitiveness increases on economic growth of selected middle-income countries including Turkey for the period of 1997-2012 using a balanced panel data analysis, which was relatively less studied in the literature. According to analysis results, an increase on the competitiveness index of countries in the panel, which were obtained from the data set of the International Institute for Management Development (IMD), positively increases per capita income level. This result may be interpreted as several factors that increase competitiveness including infrastructure, economic structure, business world and regulations and investments that ensure public efficiency may have a positive impact on economic growth. Therefore, this study suggests that future policies that concentrate on extensive growth instead of intensive dimension may contribute to efficient and sustainable growth.


2020 ◽  
Vol 8 (4) ◽  
pp. 231-245
Author(s):  
Aylin Soydan ◽  
◽  
Serap Bedir Kara ◽  

Following the 2007-2009 global crisis, high credit growth became an issue of concern with an emphasis on its relationship with capital flows. It is argued that large and volatile international capital flows lead to credit expansion, which in turn, may cause economic and financial instabilities when it reaches excessive levels, particularly in developing countries. This paper aims to investigate the association between credit growth and capital inflows in the context of developing countries by using panel data analysis. The methodology employed in the study offers a number advantages by allowing for heterogeneity and cross-sectional dependence in the panel, while also considering the endogeneity issue. The overall results of the study provides evidence for the impact of capital inflows, more particularly other capital inflows, on credit growth in the sample. This finding suggests a more direct relationship between capital inflows and credit creation as other inflows mostly comprise international banking and trade credits. It is not surprising given the fact that banking sector has a critical role in the financial systems of developing countries. The significance of international dimension for credit creation through other capital inflows and the intermediary role of the banking system should have monetary policy implications, in the macroprudential or more conventional fashion.


2019 ◽  
Author(s):  
Ke Hong YU ◽  
Xiao Mei Gan ◽  
Xu WEN

Abstract Background: This study aimed to empirically examine the influence of China’s macroeconomic development on the height of Chinese youth in the past 30 years, using provincial panel data collected from more than one million children. Methods: Panel data from seven longitudinal surveys (1985, 1991, 1995, 2000, 2005, 2010, and 2014) of the Chinese National Surveys on Students’ Constitution and Health, including students aged 7–22 years from 27 provinces, were utilized for data analysis. Fixed-effects models were used to estimate the association between economic growth and height. Results: For every 1% increase in per capita disposable income (PCDI), the average height of students significantly increased by approximately 0.009%. Stated another way, this implies that a doubling of income is associated with 0.9% increase in height, which is significant for height. The coefficient of PCDI in the last decade is higher than that of in the early two decades. The average height of boys was approximately 3.9% higher than that of girls. The average height difference between high and low ages in the sample was 1.9%. The impact of policies on students' height was extremely small and may have little practical significance. Conclusion: China’s economic growth has a significant positive effect on the height of urban Chinese students without stagnation.


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