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:: Volume 8, Issue 30 (Quarterly Journal of Fiscal and Economics Policies 2020) ::
2020, 8(30): 27-45 Back to browse issues page
Nonlinear Study of Educational Effects on Iran's Economic Growth: Approach of Smooth Transition Regression
Hakimeh Aramesh, Madjid Hatefi Madjumerd Dr.
Abstract:   (160 Views)
In the new models of economic growth, the role of human capital has been emphasized as one of the pillars for growth and development. Generally, increasing the level of education and training costs will lead to an increase in human capital that will ultimately show itself in economic growth. The main objective of the research is to examine the two factors of educational level and educational expenditures on economic growth. In this framework, the Terasvirta test showed that the growth pattern follows a non-linear logistic function of two regimes. Research findings show that GDP in both regimes has a positive and significant elasticity with respect to their changes, although in the second regimen (compared to the first regimen) their values have decreased. In addition, contrary to expectations, education and educational expenditures have a negative impact on economic growth in both regimes rather than having a positive effect on economic growth.
Keywords: Education, Economic Growth, Smooth Transition Regression, Development
Full-Text [PDF 1145 kb]   (40 Downloads)    
Type of Study: Research | Subject: Special
Received: 2019/07/10 | Accepted: 2020/09/21 | Published: 2020/09/21
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Aramesh H, Hatefi Madjumerd M. Nonlinear Study of Educational Effects on Iran's Economic Growth: Approach of Smooth Transition Regression. quarterly journal of fiscal and Economic policies. 2020; 8 (30) :27-45
URL: http://qjfep.ir/article-1-1032-en.html


Volume 8, Issue 30 (Quarterly Journal of Fiscal and Economics Policies 2020) Back to browse issues page
فصلنامه سیاستهای مالی و اقتصادی Quarterly Journal of Fiscal and Economic Policies
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