Research Article

The effect of postgraduate education on economic growth: The case of Turkey (1983-2021)

Volume: 7 Number: 1 March 31, 2024
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The effect of postgraduate education on economic growth: The case of Turkey (1983-2021)

Abstract

The role of human capital, one of the contemporary endogenous growth models, in economic growth and development has been examined for the first time. The scarcity of studies that take into account postgraduate education as human capital in the literature is aimed to contribute to this deficiency with this study. The study analyses the impact of doctorate and master's degree graduates on economic growth in Turkey for the period 1983-2021 annually. Firstly, the analysis was carried out with the traditional Granger and Johansen cointegration test, but no cointegration relationship was detected. For this reason, the hidden cointegration method developed by Granger and Yoon (2002) was reanalysed by separating the positive and negative shocks of the variables. Accordingly, a 1% positive change in master's degree graduates increases the positive change in growth by 0.38%. Likewise, a 1% negative change in the doctoral graduate’s variable increases the negative change in growth by 0.21%.

Keywords

Hidden co-integration , PhD graduates , Master , GDP , Human capital

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APA
Yılmaz, Z., & Mammadov, T. (2024). Lisansüstü eğitimin ekonomik büyümeye etkisi: Türkiye örneği (1983-2021). Business Economics and Management Research Journal, 7(1), 14-28. https://doi.org/10.58308/bemarej.1283320