Investigating the causal relationship between education and economic growth in Zimbabwe

Dr. Tichaona Zivengwa

Investigating the causal relationship between education and economic growth in Zimbabwe

Dr. Tichaona Zivengwa * §

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University of Zimbabwe

Investigating the causal relationship between education and economic growth in Zimbabwe

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Abstract

This paper specifically investigates the causality between education and economic growth in Zimbabwe during the period 1980 to 2008. The empirical investigation has been carried out by Pairwise Granger Causality and Vector Autoregression(VAR) modelling using modern econometrics techniques of unit root test since macroeconomic time series data was used which is frequently non stationary. The findings confirmed that there is uni-directional causality between education and economic growth in the Zimbabwean economy running from education to economic growth as established by granger causality tests, variance decomposition and impulse response functions. This shows that investing in education is important for economic growth. The results also confirm a transmission mechanism that runs from education to economic growth via physical capital investment. This shows that a rise in human capital boosts the return on physical investment. The study recommends that the government and the private sector should concentrate on policies that will improve the education system.

References

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Dr. Tichaona Zivengwa. 1970. "Investigating the causal relationship between education and economic growth in Zimbabwe". Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 12 (GJMBR Volume 12 Issue B8).

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GJMBR Volume 12 Issue B8

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

Causality Economic Growth Education FStatistic Testing VAR and Zimbabwe

Classification

GJMBR-B Classification FOR Code:140204 JEL Code: P51

P52

Submission ReceivedDecember 7, 2011
Peer Review Double Blind
Handling Editor
Accepted January 2, 2012
Published January 15, 2012

Version of record

v1.2

Language

English

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Article Matrices

Total Score: 153

Country: Zimbabwe

Subject: Global Journal of Management and Business Research

Authors: Dr. Tichaona Zivengwa (PhD/Dr. count: 1)

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Publish Date: 2012 01, Sun

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