Education Quality and Economic Growth in Developing Countries: Empirical Analysis Using Non-Parametric Model

Abstract

This paper aims to analyze the impact of education quality improvement on economic growth for a sample of 27 developing countries, from 1995 to 2019. To examine this relationship, we estimated a non-parametric model on fixed-effect panel data. The results of this estimation show that the effect is positive and differs according to the economic level of countries. The findings also identified that income inequality influence the behavior of this relationship.

Keywords: Quality of education; economic growth; non-parametric model; developing countries; fixed-effect panel data.

DOI: 10.7176/JESD/14-2-04

Publication date: January 31^st 2023