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Does higher education affect total factor productivity in Nepal? An exploration through the lens of ARDL bounds test

Economic Journal of Development Issues

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Field Value
 
Title Does higher education affect total factor productivity in Nepal? An exploration through the lens of ARDL bounds test
 
Creator Dahal, Madhav Prasad; Patan Multiple Campus, Tribhuvan University
 
Subject Economics
Higher education; total factor productivity series; ARDL bounds test
 
Description Education-centered human capital is one of the variables extensively used to model growth equations with the resurgence of growth theories in the 1980s primarily with the publication of Romer’s 1986 and Lucas’ 1988 seminal papers. Education contributes growth through its direct benefits to the individual and positive externality to the society. Theory claims that education enhances economic growth by working as an input of production and by being an agent of technological innovation, dissemination, and imitation. Previous empirical evidence on the effect of education on growth is mixed. This paper empirically examines the effect of higher education on total factor productivity in the aggregate level of the economy of Nepal employing time series data of the period 1975-2011 applying the ARDL method of cointegration. The findings are not encouraging on the issue.DOI: http://dx.doi.org/10.3126/ejdi.v15i1-2.11869Economic Journal of Development Issues Vol. 15 & 16 No. 1-2, pp. 76-102
 
Publisher Department of Economics Patan Multiple Campus
 
Contributor —
 
Date 2015-01-08
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-Reviewed Article
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Format application/pdf
 
Identifier http://www.nepjol.info/index.php/EJDI/article/view/11869
10.3126/ejdi.v15i1-2.11869
 
Source Economic Journal of Development Issues; Vol 15 & 16 (2013); 76-102
2091-2285
2091-055X
 
Language eng
 
Relation http://www.nepjol.info/index.php/EJDI/article/view/11869/9662
 
Coverage Nepal
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