Paper Title :Education and Economic Growth: Evidence from SADC Countries

Author :Akshay Seedoyal, Bhavish Jugurnath, Hema Soondram, Purnima Juggroo

Article Citation :Akshay Seedoyal ,Bhavish Jugurnath ,Hema Soondram ,Purnima Juggroo , (2017 ) " Education and Economic Growth: Evidence from SADC Countries " , International Journal of Management and Applied Science (IJMAS) , pp. 80-84, Volume-3,Issue-7

Abstract : Nowadays more people are opting for tertiary education and this has led to the debate of whether education level of a country does influence its economic growth or not. This study will explore this relationship. Education has long been considered to have improved lifestyle and when a person has acquired education, he is expected to be more productive and thus contribute more to the society and this may lead to economic growth. To test whether education has an impact on economic growth theory, the method of multiple regression analysis has been employed and the evidence is taken from the Southern Africa Development Community (SADC) for the period of 10 year from 2001 to 2010. The results show that education will positively affect economic growth and secondary and tertiary education will contribute more to growth. As per the findings, it is recommended to encourage individual to pursue further education. Index Terms- Education, GDP per Capita, SADC countries, Multiple Regression Analysis

Type : Research paper

Published : Volume-3,Issue-7

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