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The impact of Education on the economic growth of developing countries: the case of Togo
It is acknowledged in the literature that investment in human capital, more precisely education, has a positive impact on economic growth. However, studies have shown that this could not be proven in every country or region. As the 4th principle of the Sustainable Development Goals, education can be...
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| Format: | Thesis |
| Language: | English |
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Graduate School of Business (GSB)
2021
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| _version_ | 1867613470403330048 |
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| access_status_str | Open Access |
| author | Akwei, Kale |
| author2 | Alhassan, Abdul Latif |
| author_browse | Akwei, Kale Alhassan, Abdul Latif |
| author_facet | Alhassan, Abdul Latif Akwei, Kale |
| author_sort | Akwei, Kale |
| collection | Thesis |
| description | It is acknowledged in the literature that investment in human capital, more precisely education, has a positive impact on economic growth. However, studies have shown that this could not be proven in every country or region. As the 4th principle of the Sustainable Development Goals, education can be a contributing factor to development. This paper examines the impact of education on economic growth in Togo, a developing country, using time series data spanning from 1971 to 2018, which were sourced from the World Bank Database. It is set out to explore the existence of a relationship between education variables and economic growth proxied by the GDP per capita growth; the returns of investment in education; and the impact of the quality of education on growth. The study employed the ARDL ECM estimation method to examine the relationship between the variables used. Although the findings establish long-run co-integration among the variables, the long-run coefficients are statistically insignificant. However, it is evidenced that a change in the gross enrolment rate, mainly in primary education, and government expenditure in education, have a negative relation with GDP per capita growth. Key findings in the short-run estimation reveal that there is a positive and statistically significant relationship between enrolment in primary and secondary education, completion rate in secondary education, and GDP per capita. Notwithstanding the significance of the long-run estimates, the study recommends improved investment in education at all levels of education and a higher reliance on professional education that will quickly train students to enter the job market and perform revenue generating activities. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/33668 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:36:39.698Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | Graduate School of Business (GSB) |
| publisherStr | Graduate School of Business (GSB) |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/33668 The impact of Education on the economic growth of developing countries: the case of Togo Akwei, Kale Alhassan, Abdul Latif Mutize, Misheck Development Finance It is acknowledged in the literature that investment in human capital, more precisely education, has a positive impact on economic growth. However, studies have shown that this could not be proven in every country or region. As the 4th principle of the Sustainable Development Goals, education can be a contributing factor to development. This paper examines the impact of education on economic growth in Togo, a developing country, using time series data spanning from 1971 to 2018, which were sourced from the World Bank Database. It is set out to explore the existence of a relationship between education variables and economic growth proxied by the GDP per capita growth; the returns of investment in education; and the impact of the quality of education on growth. The study employed the ARDL ECM estimation method to examine the relationship between the variables used. Although the findings establish long-run co-integration among the variables, the long-run coefficients are statistically insignificant. However, it is evidenced that a change in the gross enrolment rate, mainly in primary education, and government expenditure in education, have a negative relation with GDP per capita growth. Key findings in the short-run estimation reveal that there is a positive and statistically significant relationship between enrolment in primary and secondary education, completion rate in secondary education, and GDP per capita. Notwithstanding the significance of the long-run estimates, the study recommends improved investment in education at all levels of education and a higher reliance on professional education that will quickly train students to enter the job market and perform revenue generating activities. 2021-07-30T09:36:47Z 2021-07-30T09:36:47Z 2020 2021-07-27T11:09:29Z Master Thesis Masters MBA http://hdl.handle.net/11427/33668 eng application/pdf Graduate School of Business (GSB) Faculty of Commerce |
| spellingShingle | Development Finance Akwei, Kale The impact of Education on the economic growth of developing countries: the case of Togo |
| thesis_degree_str | Master's |
| title | The impact of Education on the economic growth of developing countries: the case of Togo |
| title_full | The impact of Education on the economic growth of developing countries: the case of Togo |
| title_fullStr | The impact of Education on the economic growth of developing countries: the case of Togo |
| title_full_unstemmed | The impact of Education on the economic growth of developing countries: the case of Togo |
| title_short | The impact of Education on the economic growth of developing countries: the case of Togo |
| title_sort | impact of education on the economic growth of developing countries the case of togo |
| topic | Development Finance |
| url | http://hdl.handle.net/11427/33668 |
| work_keys_str_mv | AT akweikale theimpactofeducationontheeconomicgrowthofdevelopingcountriesthecaseoftogo AT akweikale impactofeducationontheeconomicgrowthofdevelopingcountriesthecaseoftogo |