Does Higher Education Growth Increase Economic Growth?
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Date
2019
Journal Title
Journal ISSN
Volume Title
Publisher
African Journal of Multidisciplinary Research
Abstract
This study seeks to establish the existence of a causal relationship between higher
education and economic growth in Uganda, with special focus on the categories of
discipline, gender and level of higher education graduates. The study employs the
Vector Error Correction Model (VECM) to establish the interrelationship between
these two variables from 1985 to 2017. The results of this study reveal the existence
of a long run but not short run effect of higher education on the growth of GDP.
The results show a unidirectional causality that was established from GDP to: total
graduates; male and female graduates, Arts and Science graduates, as well as
postgraduate and undergraduates. The impact of economic growth on higher
education was higher for the males compared to female graduates; graduates from
science disciplines compared to the Arts, and undergraduates compared to
postgraduates. Worth noting is the vital role of GCF as a link between the two
variables of Growth and Higher education which was revealed in the findings
Description
Keywords
Graduates, Gross Domestic product, Uganda, Vector Error Correction Model
Citation
Kakooza, V., Wamala, R., Wokadala, J., & Bwire, T. (2019). DOES HIGHER EDUCATION GROWTH INCREASE ECONOMIC GROWTH?. HOFA African Journal of Multidisciplinary Research, 4. http://doi.org/10.5281/zenodo.3337322