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

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  • Author(s): Hussaini, Nilofer
  • Language:
    English
  • Source:
    International Journal of Higher Education. 2020 9(2):118-125.
  • Publication Date:
    2020
  • Document Type:
    Journal Articles
    Reports - Research
  • Additional Information
    • Availability:
      Sciedu Press. 1120 Finch Avenue West Suite 701-309, Toronto Ontario, Canada M3J 3H7. Tel: 416-479-0028; Fax: 416-642-8548; e-mail: ijhe@scieduca; Web site: http://www.sciedupress.com/ijhe
    • Peer Reviewed:
      Y
    • Source:
      8
    • Education Level:
      Higher Education
      Postsecondary Education
    • Subject Terms:
      Economic Development; Developing Nations; Higher Education; Correlation; Investment; Economic Impact; Human Capital; Reputation; Universities; Enrollment Trends; Resource Allocation; Productivity; Foreign Countries
    • Subject Terms:
      Bangladesh; India; Nepal; Sri Lanka; Pakistan; China; Hong Kong; Malaysia; Singapore; Thailand; Bhutan; South Korea; Burma; Indonesia; Brunei
    • ISSN:
      1927-6044
    • 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.
    • Abstract:
      As Provided
    • Publication Date:
      2020
    • Accession Number:
      EJ1240530