BEŞERİ SERMAYE BAĞLAMINDA EĞİTİM VE İNŞAAT SEKTÖRÜ VERİMLİLİĞİ İLİŞKİSİ: OECD ÜLKELERİ ÜZERİNDE BİR İNCELEME

Abstract

Bu çalışmada eğitim harcamaları ve inşaat sektörü verimliliği ilişkisi panel eşbütünleşme, DOLS ve FMOLS testleri yardımıyla 20 OECD ülkesi üzerinde 1998-2011 dönemi için incelenmiştir. Ekonometrik analizler sonucunda, toplam eğitim, kişi başı eğitim, ilköğretim, ortaöğretim ve yükseköğretim harcamaları ile inşaat sektörü verimliliği arasında eşbütünleşme tespit edilmiş ve dört eğitim değişkeninin inşaat sektörü verimliliği üzerinde pozitif bir etkisi olduğu sonucuna ulaşılmıştır. 

Keywords

• Eğitim Harcamaları,Verimlilik,Beşeri Sermaye,Panel Veri Analizi

THE RELATIONSHIP BETWEEN EDUCATION AND PRODUCTIVITY OF THE CONSTRUCTION INDUSTRY WITHIN THE CONTEXT OF HUMAN CAPITAL: AN ANALYSIS ON OECD COUNTRIES

Abstract

In this study, the relationship between education expenditures and productivity of construction industry in 20 OECD countries for the period between 1998 and 2011 was examined through panel cointegration, DOLS, and FMOLS tests. As a result of econometric analyses, overall education expenditures, education expenditures per capita, primary education expenditures, secondary education expenditures, and tertiary education expenditures were determined to be cointegrated with productivity of construction industry. It was also concluded that four education variables had positive effect on productivity of construction industry. 

Keywords

• Education Expenditures,Productivity,Human Capital,Panel Data Analysis

References

1. Akerlof, G. A. (1970). The Market for "Lemons": Quality Uncertainty and the Market Mechanism. the Quarterly Journal of Economics, 488-500.
2. Barro, R. J. (1991). Economic Growth in a Cross Section of Countries. The Quarterly Journal of Economics(106), 407-443.
3. Barro, R., ve Lee, J.-W. (1993). İnternational Comparisons of Educational Attainment. Cambridge: NBER Working Paper No. 4349.
4. Benhabib, J., ve Spiegel, M. M. (1994). The Role of Human Capital in Economic Development Evidence from Aggregate Cross-country Data . Journal of Monetary Economics, 143-173. Choi, I. (2001). Unit Root Tests for Panel Data. Journal of International Money and Finance, 249-272.
5. Denison, E. F. (1962). The Sources of Economic Growth in the United States and the Alternatives Before Us. The Economic Journal, 935-938.
6. Dickey, D. A. ve Fuller, W. A. (1981). Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root. Econometrica(49), 1057-1072.
7. Engle, R. F., ve Granger, C. W. (1987). Co-integration and Error Correction: Representation,Estimation, and Testing. Econometrica(55), 251-276.
8. Fisher, R. A. (1934 (5. Ed.)). Statistical Methods for Research Workers. London: Oliver and Boyd LTD.

9. Han, E. ve Kaya, A. A. (2008). Kalkınma Ekonomisi Teori ve Politika. Ankara: Nobel Akademik Yayıncılık.
10. Hers, j. (1998). Human Capital and Economic Growth: A Survey of the Literature. cpb Report. Hojo, M. (2003). A n Indirect Effect of Education on Growth. Economics Letters(80), 31-34.
11. Kao, C. (1999). Spurious Regression and Residual-Based Tests for Cointegration in Panel Data. Journal of Econometrics, 1-44.
12. Kar, M. ve Ağır, H. (2006). Türkiye’de Beşeri Sermaye ve Ekonomik Büyüme İlişkisi: Eşbütünleşme Yaklaşımı ile Nedensellik Testi, 1926-1994. Selçuk Üniversitesi İİBF Sosyal ve Ekonomik Araştırmalar Dergisi(11), 51-68.
13. Kök, R., İspir, M. S. ve Arı, A. (2010). Zengin Ülkelerden Azgelişmiş Ülkelere Kaynak Aktarma mekanizmasının Gerekliliği ve Evrensel Bölüşüm Parametresi üzerine Bir Deneme. 2. Uluslararası Ekonomi Konferansı, Türkiye Ekonomi Kurumu, Kıbrıs.
14. Maddala, G. S., Wu, S. (1999). A Comparative Study of Unit Root Tests With Panel Data and a New Simple Test. Oxford Bullettin of Economics and Statistics, Special İssue, 631-652.
15. Mankiw, N. G., Romer, D. ve Weil, D. N. (1992). a Contribution to the Empirics of Economic Growth. The Quarterly Journal of Economics, 407-437.
16. OECD (2001). The Well-being of Nations: The Role of Human and Social Capital. Paris: OECD. Pedroni, P. (1999). Critical Values for Cointegrating Tests in Heterogeneous Panels with Multiple Regressors. Oxford Bulletin of Economics and Statistics, 1(61), 653-670.
17. Pedroni, P. (2000). Fully Modified OLS for Heterogeneous Cointegrated Panels. Advances in Econometrics, 93-130.
18. Pedroni, P. (2001). Purchasing Power Parity Tests in Cointegrated Panels. Review of Economics and Statistics, 727-931.
19. Pedroni, P. (2004). Panel Cointegration, Asymptotic and Finite Sample Properties of Pooled Time Series Tests with an Application to the Purchasing Power Parity Hypothesis. Econometric Theory, 3(20), 597-625.
20. Psacharopoulos, G., ve Woodhall, M. (1985). Education For Development: An Analysis of İnvestment Choices. Oxford: Published for The World Bank Oxford University Press.
21. Schultz, T. (1961). Education and economic growth. N. B. Henry (Ed.), Social Forces Influencing American Education. Chicago : Universty of Chicago Press.
22. So, I. K., Pesaran, M. H., Shin, Y. (2003). Testing for Unit Roots in Heterogeneous Panels. Journal of Econometrics(115), 53-74.
23. Spence, M. (1973). Job Market Signaling. The Quarterly Journal of Economics(87), 355-374.
24. Şişman, M. (2010). Eğitim Bilimine Giriş. Ankara: Pegem Akademi.
25. Tatoğlu, F. Y. (2012). Panel Veri Ekonometrisi. İstanbul: Beta Yayınları.
26. Thurow, L. (1970). Investment in Human Capital. California: Wadworth publishing Company.
27. Ünal, I. (1996). Eğitim ve Yetiştirme Ekonomisi. Ankara: Torun Matbaası.
28. Wolff, E. N. (2001). The Role of Education in the Postwar Productivity Convergence among OECD Countries. Industrial and Corporate Change, 735-759.
29. Woodhall, M. (1987). Human Capital Concepts. G. Psacharopoulos (ed.), Economics of Education Research and Studies (ss. 21-24). Oxford: Pergamon Press.