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, vol.11, no.2, pp.7-24, 2016 (Journal Indexed in ESCI) identifier

  • Publication Type: Article / Article
  • Volume: 11 Issue: 2
  • Publication Date: 2016
  • Title of Journal : ESKISEHIR OSMANGAZI UNIVERSITESI IIBF DERGISI-ESKISEHIR OSMANGAZI UNIVERSITY JOURNAL OF ECONOMICS AND ADMINISTRATIVE SCIENCES
  • Page Numbers: pp.7-24

Abstract

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.