Education and Economic Growth in Vietnam

Abstract

The relationship between education and economic growth has always been considered a fundamental concern of many economists as well as governments. This research provides empirical evidence of the education true effects are not well understood, especially in Vietnam. This research provides empirical evidence of the influences of education in Vietnam’s economy, more specifically on Vietnam’s productivity, from the period 2000 to 2015. The paper find that the final findings are supportive to the hypothesis made: education is critical factor of economic enhancement. More specifically, primary and secondary schooling levels better the productivity of the economy estimated by the Total Factor Productivity and the GDP growth. Keywords: GPD growth, social return, TFP DOI: 10.7176/JEP/11-6-02 Publication date: February 29 th 2020