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Education and Economic Growth


Human capital, particularly education, has long been considered an important factor in economic growth. This paper measures the contribution of education to Ethiopia's economic growth. This is accomplished by entering education as a variable in the growth equation, with physical capital and labor. The growth equation is estimated using data covering 28 years (from 1967/68 to 1994/95). A long-run static and a short-run dynamic (error correction) model are employed to examine the contribution of education. The results obtained indicate that, in the period under reference, education enters positively and significantly in explaining growth in aggregate real output

Corporate Author: 
Senait Seyoum and alemayehu Seyoum (editors) , Ethiopian Economic Association(EEA), Departments of Economics of AAU & Fredrich Ebert Stifung
Ethiopian Economic Association (EEA)
Primary Descriptors: 

Education-Economic aspects; Human capital

Secondary Descriptor: 

Economic development-Effect of education on- Income distribution

Cataloge Date: 
Broad Subject heading: 
Economic Growth - Education (1967-1995)
Call Number: 
338.963 PRO 1998
Serial Key Title: 
Proceedings of the Seventh Annual conference on the Ethiopian economy
Publication catagory: 
Content type: 
Publication date: 
2013-02-27 15:58:13
Forum or Discussion date: 
2013-02-27 15:58:13
Conference Place: 
Nov. 28 - 30, 1997, Nazareth, Ethiopia
Place of publication: 
Addis Ababa, Ethiopia
Type of material: 
Current frequency: 
Thematic area: 
Human resource Development in Ethiopia