Economic Growth and Higher Education in South Asian Countries: Evidence from Econometrics

Autor/in	Hussaini, Nilofer
Titel	Economic Growth and Higher Education in South Asian Countries: Evidence from Econometrics
Quelle	In: International Journal of Higher Education, 9 (2020) 2, S.118-125 (8 Seiten)Infoseite zur Zeitschrift PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	1927-6044
Schlagwörter	Economic Development; Developing Nations; Higher Education; Correlation; Investment; Economic Impact; Human Capital; Reputation; Universities; Enrollment Trends; Resource Allocation; Productivity; Foreign Countries; Bangladesh; India; Nepal; Sri Lanka; Pakistan; China; Hong Kong; Malaysia; Singapore; Thailand; Bhutan; South Korea; Burma; Indonesia; Brunei + Suchen Sie Ihr Suchwort? Wirtschaftsentwicklung; Developing country; Developing countries; Entwicklungsland; Hochschulbildung; Hochschulsystem; Hochschulwesen; Korrelation; Investments; Geldanlage; Investiton; Ökonomische Determinanten; Humankapital; University; Universität; Ressourcenallokation; Produktivität; Ausland; Bangladesch; Indien; Ceylon; Hongkong; Singapur; Korea; Republik; Indonesien
Abstract	South Asian economies has witnessed very slow growth over the years and the gap has widened manifold between other nations of Asia particularly East Asian nations and South Asian nations. This paper examines co-integration between the economic growth and reach of higher education in South Asian nations explaining this disparity. The research employed an econometric panel co-integration investigation to analyse the long run relationship of higher education and economic growth among these nations. The research confirmed positive long run causality between the economic growth of the South Asian nations and gross enrolment ratio of higher education. So, if the South Asian nations continue with their existing pattern of paying less attention to higher education by allocating low share of investment on it, poor human capital formation would result in growing further economic disparity between developed and South Asian nations where rich nations would remain richer and poor nations would remain poor with the gap remaining unabridged. This research will serve as an aid to policy makers, educators and financers of South Asian nations to bridge the gap between high- and low-income nations. The focus on the quantum of spending on higher education by the government will help improve the reach of tertiary education and build economic prosperity in these nations. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01