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The Impact Of Education On Economic Growth In Turkey

Year 2010, Volume: 15 Issue: 3, 43 - 62, 01.09.2010

Abstract

References

  • Asteriou, D. and Agiomirgianakis, G. M. (2001) Human Capital and Economic Growth: Time Series Evidence from Greece, Journal of Policy Modelling, 23, pp.481-489.
  • Bahmani-Oskooee, M. and Goswami, G. G. (2003) A disaggregated approach to test the J-curve phenomenon: Japan versus her major trading partners, International Journal of Economics and Finance, 27, pp. 102- 113.
  • Barro, R. J. (1991) Economic growth in a cross section of countries, Quarterly Journal of Economics, 2, pp. 407-433.
  • Barro, R. J. and Lee, J. W. (1993) International comparisons of educational attainment, Journal of Monetary Economics, 32, pp. 363- 394.
  • Barro, R. J. and Lee, J. W. (1994) Sources of economic growth, Carnegie-Rochester Conference Series on Public Policy, 40, pp. 1-46.
  • Barro, R. J. and Sala-i-Martin, X. (1995) Economic Growth (New York: McGraw-Hill).
  • Benhabib, J. and Spiegel, M. (1994) The role of human capital in economic development: evidence from aggregate cross-country data, Journal of Monetary Economics, 34, pp. 143-174.
  • Bosworth, B. P. and Collins, S. M. (2003) The Empirics of Growth: An Update, Brookings Papers on Economic Activity, 2, pp. 113-179.
  • Carruth, A., Dickerson, A., and Henley, A. (2000) Econometric Modelling of UK Aggregate Investment: The Role of Profits and Uncertainty, The Manchester School, 3, pp. 276-300.
  • Caselli, F., Esquivel, G. and Lefort, F. (1996) Reopening the convergence debate: a new look at cross-country growth empirics, Journal of Economic Growth, 1, pp. 363-389.
  • Chuang, Y., (2000) Human Capital, Exports and Economic Growth: A Causality Analysis for Taiwan, 1952-1995, Review of International Economics, 8, pp. 712-20.
  • De Meulemeester, J. L. and Rochat, D. (1995) A Causality Analysis of the Link Between Higher Education and Development, Economics of Education Review, 14, pp. 351-361.
  • Dickey, D. and Fuller, W. A. (1981) Likelihood ratio statistics for autoregressive time series with a unit root, Econometrica, 49, pp. 1057- 1072.
  • Elliott, G., Rothenberg, T. J. and Stock, J. H. (1996) Efficient tests for an autoregressive unit root, Econometrica, 64, pp. 813-836.
  • Engle, R. F. and Granger, C. W. J. (1987) Cointegration and error correction: representation, estimation, and testing, Econometrica, 55, pp. 55-63.
  • Gonzalo, J. (1994) Five alternative methods of estimating long-run equilibrium relationships, Journal of Econometrics, 60, pp. 203-233.
  • Granger, C. W. J. (1988) Causality, cointegration, and control, Journal of Economic Dynamics and Control, 12, pp. 551-559.
  • Gyimah-Brempong, K., Paddison, O., and Mitiku, W. (2006) Higher Education and Economic Growth in Africa, Journal of Development Studies, 42, pp. 509-529.
  • Hanushek, E. A. and Kimko, D. D. (2000) Schooling, labour force quality, and the growth of nations, American Economic Review, 90, pp. 1184-1208.
  • Hanushek, E. and Wößmann, L. (2007) The Role of School Improvement in Economic Development, NBER Working Paper No. 12832 (Cambridge, MA: National Bureau of Economic Research).
  • In, F. and Doucouliagos, C. (1997) Human Capital Formation and US Economic Growth: A Causality Analysis, Applied Economics Letters, 4, pp. 329-331.
  • Islam, N. (1995) Growth Empirics: a Panel Data Approach, Quarterly Journal of Economics, 110, pp. 1127-1170.
  • Johansen, S. (1988) Statistical Analysis of cointegration vectors, Journal of Economic Dynamics and Control, 12, pp. 231-254.
  • Johansen, S. (1991) Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models, Econometrica, 59, pp. 1551-1580.
  • Johansen, S. and Juselius, K. (1990) Maximum likelihood estimation and inference on cointegration with applications to the demand for money, Oxford Bulletin of Economics and Statistics, 52, pp. 169-210.
  • Johnes, G. (2006) Education and economic growth, Working Paper No. 2006/019 (Lancaster University Management School).
  • Jorgenson, D. W., Stiroh, K. J., Gordon, R. J., and Sichel, D. E. (2000) Raising the Speed Limit: U.S. Economic Growth in the Information Age, Brookings Papers on Economic Activity, 1, pp. 125-235.
  • Kim, D. (2002) What Do High School Students and Their Parents Expect from Higher Education? A Case Study of South Korea, Journal of Higher Education Policy and Management, 24, pp. 183-196.
  • Koop, G., Pesaran, M. H., and Potter, S. M. (1996) Impulse response analysis in nonlinear multivariate models, Journal of Econometrics, 74, pp. 119-147.
  • Krueger, A. B. and Lindahl, M. (2001) Education for growth: why and for whom?, Journal of Economic Literature, 39, pp. 1101-1136.
  • Levine, R. and Renelt, D. (1992) A sensitivity analysis of cross-country growth regressions, American Economic Review, 82, pp. 942-963.
  • Lucas, R. E. (1988) On the mechanics of economic development, Journal of Monetary Economics, 22, pp. 3-42.
  • MacKinnon, J. G. (1991) Critical Values for Cointegration Tests. In R. F. Engle and C. W. J. Granger (Eds), Long-run Economic Relationships: Readings in Cointegration: Chapter 13. (Oxford: Oxford University Press).
  • Maddison, A. (2008) Historical Statistics for the World Economy: 1- 2006 AD. Retrieved June 5, 2009 from the Web site: http://www.ggdc.net
  • Pesaran, M. H. and Pesaran, B. (1997) Working with Microfit 4.0: Interactive Econometric Analysis (Oxford: Oxford University Press).
  • Pesaran, M. H. and Y. Shin (1998) Generalized impulse response analysis in linear multivariate models, Economics Letters, 58, pp. 17-29.
  • Pesaran, M. H. and Shin, Y. (1999) An Autoregressive Distributed Lag Modelling Approach to Cointegration. In. S. Strom (Ed.) Econometrics and Economic Theory in 20th Century: The Ragnar Frisch Centennial Symposium (Cambridge: Cambridge University Press).
  • Pesaran, M. H., Shin, Y. and Smith, R. J. (2001) Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16, pp. 289-326.
  • Phillips, P. C. B. and Perron, P. (1988) Testing for a unit root in time series regressions, Biometrica, 75, pp. 335-346.
  • Pritchett, L. (2001) Where has all the education gone?, World Bank Economic Review, 15, pp. 367-391.
  • Pritchett, L. and Filmer, D. (1997) What educational production functions really show: a positive theory of education spending, The World Bank Policy Research Working Paper No. 1795.
  • Romer, P. M. (1986) Increasing returns and long-run growth, Journal of Political Economy, 94, pp. 1002-1037.
  • Romer, P. M. (1987) Growth Based on Increasing Returns Due to Specialization, American Economic Review, 77, pp. 56-62.
  • Romer, P. M. (1990) Endogenous technological change, Journal of Political Economy, 98, pp. 71-102.
  • Sari, R. and Soytas, U. (2006) Income and Education in Turkey: A Multivariate Analysis, Education Economics, 14, pp. 181-196.
  • Self, S. and Grabowski, R. (2003) Education and long-run development in Japan, Journal of Asian Economics, 14, pp. 565-580.
  • Self, S. and Grabowski, R. (2004) Does education at all levels cause growth? India, a case study, Economics of Education Review, 23, pp. 47- 55.
  • Sims, C. A. (1980) Macroeconomics and reality, Econometrica, 48, pp. 1-48.
  • Solow, R. M. (1957) Technical Change and the Aggregate Production Function, Review of Economics and Statistics, 39, pp. 312-320.
  • Soto, M. (2002) Rediscovering Education in Growth Regressions, OECD Development Centre Working Paper No.202.
  • Stevens, P. and Weale, M. (2004) Education and Economic Growth, in Johnes, Geraint and Johnes, Jill (eds) International Handbook on the Economics of Education (Cheltenham: Edward Elgar).
  • Stock, J. H. and Watson, M. W. (1989) Interpreting the evidence on money-income causality, Journal of Econometrics, 40, pp. 161-182.
  • Temple, J. (1999) A positive effect of human capital on growth, Economics Letters, 65, pp. 131-134.
  • Temple, J. (2001) Generalisations that aren’t? Evidence on Education and Growth, European Economic Review, 45, pp. 905-918.
  • The Conference Board and Groningen Growth and Development Centre (2008) Total Economy Database, September 2008. Retrieved June 5, 2009 from the Web site: http://www.conference-board.org/economics/
  • Turkish Statistical Institute (Turkstat) (2008) Statistical Indicators 1923- 2007. Ankara, Turkey. Retrieved June 5, 2009 from the Web site: http://www.turkstat.gov.tr
  • Uzawa, H. (1965) Optimum technical change in an aggregative model of economic growth, International Economic Review, 6, pp. 18-31.
  • Wang, Y. and Yao, Y. (2003) Sources of China’s Economic Growth 1952-1999: Incorporating Human Capital Accumulation, China Economic Review, 14, pp. 32-52.

TÜRKİYE'DE EĞİTİMİN EKONOMİK BÜYÜMEYE ETKİSİ

Year 2010, Volume: 15 Issue: 3, 43 - 62, 01.09.2010

Abstract

Bu makale, kişi başına okula kayıt olma ve ekonomik büyüme arasındaki ilişkiyi 1923-2007 dönemi Türkiye verileriyle incelemeyi amaçlamaktadır. Otoregresif Dağıtılmış Gecikme (ARDL) yaklaşımını kullanarak, okula kayıt olma ile reel gelir arasında uzun dönem eşbütünleşme olduğu bulunmuştur. Reel gelir ve okula kayıt olma arasında iki yönlü Granger nedenselliği vardır. Ortaokul, lise ve meslek lisesinden reel gelire doğru kısa dönem tek yönlü Granger nedenselliği vardır. Sonuçlar, ayrıca liseye kayıtlarının yüksek öğrenime kayıt olmanın kısa dönemde Granger nedeni olduğunu göstermektedir. Varyans ayrıştırması ve etki tepki analizleri Granger nedensellik testlerinin sonuçlarını teyit etmektedir. Genel olarak sonuçlar eğitimin ekonomik büyümenin bir aracı (ve tersi) olduğunu göstermektedir.

References

  • Asteriou, D. and Agiomirgianakis, G. M. (2001) Human Capital and Economic Growth: Time Series Evidence from Greece, Journal of Policy Modelling, 23, pp.481-489.
  • Bahmani-Oskooee, M. and Goswami, G. G. (2003) A disaggregated approach to test the J-curve phenomenon: Japan versus her major trading partners, International Journal of Economics and Finance, 27, pp. 102- 113.
  • Barro, R. J. (1991) Economic growth in a cross section of countries, Quarterly Journal of Economics, 2, pp. 407-433.
  • Barro, R. J. and Lee, J. W. (1993) International comparisons of educational attainment, Journal of Monetary Economics, 32, pp. 363- 394.
  • Barro, R. J. and Lee, J. W. (1994) Sources of economic growth, Carnegie-Rochester Conference Series on Public Policy, 40, pp. 1-46.
  • Barro, R. J. and Sala-i-Martin, X. (1995) Economic Growth (New York: McGraw-Hill).
  • Benhabib, J. and Spiegel, M. (1994) The role of human capital in economic development: evidence from aggregate cross-country data, Journal of Monetary Economics, 34, pp. 143-174.
  • Bosworth, B. P. and Collins, S. M. (2003) The Empirics of Growth: An Update, Brookings Papers on Economic Activity, 2, pp. 113-179.
  • Carruth, A., Dickerson, A., and Henley, A. (2000) Econometric Modelling of UK Aggregate Investment: The Role of Profits and Uncertainty, The Manchester School, 3, pp. 276-300.
  • Caselli, F., Esquivel, G. and Lefort, F. (1996) Reopening the convergence debate: a new look at cross-country growth empirics, Journal of Economic Growth, 1, pp. 363-389.
  • Chuang, Y., (2000) Human Capital, Exports and Economic Growth: A Causality Analysis for Taiwan, 1952-1995, Review of International Economics, 8, pp. 712-20.
  • De Meulemeester, J. L. and Rochat, D. (1995) A Causality Analysis of the Link Between Higher Education and Development, Economics of Education Review, 14, pp. 351-361.
  • Dickey, D. and Fuller, W. A. (1981) Likelihood ratio statistics for autoregressive time series with a unit root, Econometrica, 49, pp. 1057- 1072.
  • Elliott, G., Rothenberg, T. J. and Stock, J. H. (1996) Efficient tests for an autoregressive unit root, Econometrica, 64, pp. 813-836.
  • Engle, R. F. and Granger, C. W. J. (1987) Cointegration and error correction: representation, estimation, and testing, Econometrica, 55, pp. 55-63.
  • Gonzalo, J. (1994) Five alternative methods of estimating long-run equilibrium relationships, Journal of Econometrics, 60, pp. 203-233.
  • Granger, C. W. J. (1988) Causality, cointegration, and control, Journal of Economic Dynamics and Control, 12, pp. 551-559.
  • Gyimah-Brempong, K., Paddison, O., and Mitiku, W. (2006) Higher Education and Economic Growth in Africa, Journal of Development Studies, 42, pp. 509-529.
  • Hanushek, E. A. and Kimko, D. D. (2000) Schooling, labour force quality, and the growth of nations, American Economic Review, 90, pp. 1184-1208.
  • Hanushek, E. and Wößmann, L. (2007) The Role of School Improvement in Economic Development, NBER Working Paper No. 12832 (Cambridge, MA: National Bureau of Economic Research).
  • In, F. and Doucouliagos, C. (1997) Human Capital Formation and US Economic Growth: A Causality Analysis, Applied Economics Letters, 4, pp. 329-331.
  • Islam, N. (1995) Growth Empirics: a Panel Data Approach, Quarterly Journal of Economics, 110, pp. 1127-1170.
  • Johansen, S. (1988) Statistical Analysis of cointegration vectors, Journal of Economic Dynamics and Control, 12, pp. 231-254.
  • Johansen, S. (1991) Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models, Econometrica, 59, pp. 1551-1580.
  • Johansen, S. and Juselius, K. (1990) Maximum likelihood estimation and inference on cointegration with applications to the demand for money, Oxford Bulletin of Economics and Statistics, 52, pp. 169-210.
  • Johnes, G. (2006) Education and economic growth, Working Paper No. 2006/019 (Lancaster University Management School).
  • Jorgenson, D. W., Stiroh, K. J., Gordon, R. J., and Sichel, D. E. (2000) Raising the Speed Limit: U.S. Economic Growth in the Information Age, Brookings Papers on Economic Activity, 1, pp. 125-235.
  • Kim, D. (2002) What Do High School Students and Their Parents Expect from Higher Education? A Case Study of South Korea, Journal of Higher Education Policy and Management, 24, pp. 183-196.
  • Koop, G., Pesaran, M. H., and Potter, S. M. (1996) Impulse response analysis in nonlinear multivariate models, Journal of Econometrics, 74, pp. 119-147.
  • Krueger, A. B. and Lindahl, M. (2001) Education for growth: why and for whom?, Journal of Economic Literature, 39, pp. 1101-1136.
  • Levine, R. and Renelt, D. (1992) A sensitivity analysis of cross-country growth regressions, American Economic Review, 82, pp. 942-963.
  • Lucas, R. E. (1988) On the mechanics of economic development, Journal of Monetary Economics, 22, pp. 3-42.
  • MacKinnon, J. G. (1991) Critical Values for Cointegration Tests. In R. F. Engle and C. W. J. Granger (Eds), Long-run Economic Relationships: Readings in Cointegration: Chapter 13. (Oxford: Oxford University Press).
  • Maddison, A. (2008) Historical Statistics for the World Economy: 1- 2006 AD. Retrieved June 5, 2009 from the Web site: http://www.ggdc.net
  • Pesaran, M. H. and Pesaran, B. (1997) Working with Microfit 4.0: Interactive Econometric Analysis (Oxford: Oxford University Press).
  • Pesaran, M. H. and Y. Shin (1998) Generalized impulse response analysis in linear multivariate models, Economics Letters, 58, pp. 17-29.
  • Pesaran, M. H. and Shin, Y. (1999) An Autoregressive Distributed Lag Modelling Approach to Cointegration. In. S. Strom (Ed.) Econometrics and Economic Theory in 20th Century: The Ragnar Frisch Centennial Symposium (Cambridge: Cambridge University Press).
  • Pesaran, M. H., Shin, Y. and Smith, R. J. (2001) Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16, pp. 289-326.
  • Phillips, P. C. B. and Perron, P. (1988) Testing for a unit root in time series regressions, Biometrica, 75, pp. 335-346.
  • Pritchett, L. (2001) Where has all the education gone?, World Bank Economic Review, 15, pp. 367-391.
  • Pritchett, L. and Filmer, D. (1997) What educational production functions really show: a positive theory of education spending, The World Bank Policy Research Working Paper No. 1795.
  • Romer, P. M. (1986) Increasing returns and long-run growth, Journal of Political Economy, 94, pp. 1002-1037.
  • Romer, P. M. (1987) Growth Based on Increasing Returns Due to Specialization, American Economic Review, 77, pp. 56-62.
  • Romer, P. M. (1990) Endogenous technological change, Journal of Political Economy, 98, pp. 71-102.
  • Sari, R. and Soytas, U. (2006) Income and Education in Turkey: A Multivariate Analysis, Education Economics, 14, pp. 181-196.
  • Self, S. and Grabowski, R. (2003) Education and long-run development in Japan, Journal of Asian Economics, 14, pp. 565-580.
  • Self, S. and Grabowski, R. (2004) Does education at all levels cause growth? India, a case study, Economics of Education Review, 23, pp. 47- 55.
  • Sims, C. A. (1980) Macroeconomics and reality, Econometrica, 48, pp. 1-48.
  • Solow, R. M. (1957) Technical Change and the Aggregate Production Function, Review of Economics and Statistics, 39, pp. 312-320.
  • Soto, M. (2002) Rediscovering Education in Growth Regressions, OECD Development Centre Working Paper No.202.
  • Stevens, P. and Weale, M. (2004) Education and Economic Growth, in Johnes, Geraint and Johnes, Jill (eds) International Handbook on the Economics of Education (Cheltenham: Edward Elgar).
  • Stock, J. H. and Watson, M. W. (1989) Interpreting the evidence on money-income causality, Journal of Econometrics, 40, pp. 161-182.
  • Temple, J. (1999) A positive effect of human capital on growth, Economics Letters, 65, pp. 131-134.
  • Temple, J. (2001) Generalisations that aren’t? Evidence on Education and Growth, European Economic Review, 45, pp. 905-918.
  • The Conference Board and Groningen Growth and Development Centre (2008) Total Economy Database, September 2008. Retrieved June 5, 2009 from the Web site: http://www.conference-board.org/economics/
  • Turkish Statistical Institute (Turkstat) (2008) Statistical Indicators 1923- 2007. Ankara, Turkey. Retrieved June 5, 2009 from the Web site: http://www.turkstat.gov.tr
  • Uzawa, H. (1965) Optimum technical change in an aggregative model of economic growth, International Economic Review, 6, pp. 18-31.
  • Wang, Y. and Yao, Y. (2003) Sources of China’s Economic Growth 1952-1999: Incorporating Human Capital Accumulation, China Economic Review, 14, pp. 32-52.
There are 58 citations in total.

Details

Primary Language Turkish
Journal Section Articles
Authors

  Doç.dr.ahmet Beşkaya This is me

Yrd.doç.dr.bilal Savaş This is me

Doç.dr.famil Şamlıoğlu This is me

Publication Date September 1, 2010
Published in Issue Year 2010 Volume: 15 Issue: 3

Cite

APA Beşkaya, .D., Savaş, Y., & Şamlıoğlu, D. (2010). TÜRKİYE’DE EĞİTİMİN EKONOMİK BÜYÜMEYE ETKİSİ. Süleyman Demirel Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 15(3), 43-62.