ERDEM, Ekrem Erciyes Üniversitesi - İktisadi ve İdari Bilimler Fakültesi (İİBF) - İktisat Bölümü, Turkey , TUĞCU, Can Tansel Nevşehir Üniversitesi - İktisadi ve İdari Bilimler Fakültesi (İİBF) - İktisat Bölümü, Turkey

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

16779

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 analysed. 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 variables 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.

1

Higher Education , Economic Growth , Cointegration , Causality

Erciyes University Journal Of Economics an‎d Administrative Sciences

14