Azharuddin Mohammad Mussaiyib, Kailash Chandra Pradhan
{"title":"An empirical analysis of causal nexus between higher education and economic growth in BRICS countries","authors":"Azharuddin Mohammad Mussaiyib, Kailash Chandra Pradhan","doi":"10.1016/j.tncr.2024.200057","DOIUrl":null,"url":null,"abstract":"<div><p>This study examines the connection between higher education and economic growth in the BRICS countries. This study used the gross enrolment ratio (GER) to gauge the extent of higher education in the BRICS countries, while gross domestic product (GDP) was used to estimate economic growth. The study includes both time series and panel data analysis for all BRICS countries. The vector error correction model (VECM) and the vector autoregressive model (VAR) were applied to time series data to explain the causal relationship between GDP and GER. Panel data were analyzed using the panel vector auto-regression (PVAR) model. The time series analysis revealed that there is both a bi-directional and a unidirectional causal link between economic development and higher education. However, panel data analysis revealed that the causal influence of higher education was more pronounced than economic growth.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":null,"pages":null},"PeriodicalIF":1.6000,"publicationDate":"2024-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209924005837/pdfft?md5=25c19889d5eb411b2e09a15bf228e36a&pid=1-s2.0-S1925209924005837-main.pdf","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Transnational Corporations Review","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1925209924005837","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0
Abstract
This study examines the connection between higher education and economic growth in the BRICS countries. This study used the gross enrolment ratio (GER) to gauge the extent of higher education in the BRICS countries, while gross domestic product (GDP) was used to estimate economic growth. The study includes both time series and panel data analysis for all BRICS countries. The vector error correction model (VECM) and the vector autoregressive model (VAR) were applied to time series data to explain the causal relationship between GDP and GER. Panel data were analyzed using the panel vector auto-regression (PVAR) model. The time series analysis revealed that there is both a bi-directional and a unidirectional causal link between economic development and higher education. However, panel data analysis revealed that the causal influence of higher education was more pronounced than economic growth.
本研究探讨了金砖国家高等教育与经济增长之间的联系。本研究使用毛入学率(GER)来衡量金砖国家的高等教育程度,同时使用国内生产总值(GDP)来估算经济增长。研究包括对所有金砖国家的时间序列和面板数据分析。对时间序列数据采用了向量误差修正模型(VECM)和向量自回归模型(VAR)来解释 GDP 和 GER 之间的因果关系。使用面板向量自回归模型对面板数据进行了分析。时间序列分析表明,经济发展与高等教育之间既存在双向因果关系,也存在单向因果关系。不过,面板数据分析显示,高等教育的因果影响比经济增长更为明显。