The Relationship between Education and Economic Growth in Turkey: Sims and Toda-Yamamoto Causality Analyses


Terzi H., Yurtkuran S.

ESKISEHIR OSMANGAZI UNIVERSITESI IIBF DERGISI-ESKISEHIR OSMANGAZI UNIVERSITY JOURNAL OF ECONOMICS AND ADMINISTRATIVE SCIENCES, cilt.11, ss.7-24, 2016 (ESCI İndekslerine Giren Dergi) identifier

  • Cilt numarası: 11 Konu: 2
  • Basım Tarihi: 2016
  • Dergi Adı: ESKISEHIR OSMANGAZI UNIVERSITESI IIBF DERGISI-ESKISEHIR OSMANGAZI UNIVERSITY JOURNAL OF ECONOMICS AND ADMINISTRATIVE SCIENCES
  • Sayfa Sayıları: ss.7-24

Özet

The relationship between economic development (GDP) and the number of graduate students from highschool-university have been analyzed by using Sims, modified Sims, Toda-Yamamoto causality, variance decomposition analyses and impulse-response functions from 1950 to 2012 period in Turkey. Alternative causality tests show that there is a positive uni-directional causalit running from the GDP to the number of graduated university students and from the graduated regular and vocational high schools students to the GDP.