| Trường DC | Giá trị | Ngôn ngữ |
|---|---|---|
| dc.contributor.author | Oluwatosin Adeniyi | |
| dc.contributor.other | Patricia Iyore Ajayi | |
| dc.contributor.other | Abdulfatai Adekunl e Adedeji | |
| dc.date.accessioned | 2023-11-01T10:23:52Z | - |
| dc.date.available | 2023-11-01T10:23:52Z | - |
| dc.date.issued | 2021 | |
| dc.identifier.isbn | 1985-0020 | |
| dc.identifier.uri | https://dlib.neu.edu.vn/handle/NEU/58651 | - |
| dc.description | economic development | |
| dc.description.abstract | Purpose – Many West African countries face the challenge of growth inclusiveness. The region is also facing challenges of equipping its teeming population with high-quality skills despite many reforms and initiatives introduced in the past. This study, thus, identifies education as a crucial contributory factor to growth inclusiveness in the region. It, therefore, examined the role of education in growth inclusiveness in West Africa between 1990 and 2017. Design/methodology/approach – The study utilised different proxies to capture quantity and quality dimensions of education. The unit root and ARDL “ Bounds” tests were employed at a preliminary stage. Based on the preliminary tests, the study explored autoregressive distributed lags modelling technique to capture the short-run and long-run dynamic effects. Findings – The empirical results reveal a positive impact of school enrolment measures in most of the countries in both short-run and long-run. Education quality measure exerts positive impact and significant in few countries under consideration. Practical implications – These countries should give adequate attention to quality when designing education policy to foster their inclusive growth. Originality/value – This study highlights the critical role of education in the inclusive growth pursuit. Education quantity is important to growth inclusiveness but the quality of education is more fundamental. The quality of education possessed determine to a large extent, what individual can contribute to the productive activities within the economy and accessibility to benefits from economic prosperity. | |
| dc.description.tableofcontents | 1. Introduction; 2. Synopsis of related studies; 3. Methodology; 4. Empirical result and discussion; 5. Conclusion and policy suggestions | |
| dc.format.extent | Khổ 21 x 29.7 | |
| dc.language.iso | en | |
| dc.publisher | Kinh Tế Quốc Dân | |
| dc.subject | West Africa | |
| dc.subject | Education | |
| dc.subject | ARDL | |
| dc.subject | Inclusive growth | |
| dc.title | Education and inclusive growth in West Africa | |
| dc.type | Journal of Economics and Development | |
| dc.identifier.barcode | 10-1108_JED-04-2020-0036 | |
| dc.relation.reference | Adedeji, A. and Adeniyi, O. (2019), Remittances, Human Capital and Inclusive Development in the ECOWAS Region, available at: http://www.crepol.org/articles/remittances-human-capital-andinclusive-development-in-the-ecowas-region. Alfaro, L., Chanda, A., Kalemil-Ozcan, S. and Sayek, S. (2001), “Does foreign direct investment promote economic growth? Exploring the role of financial markets on linkages”, Journal of Development Economics, Vol. 91 No. 2, pp. 242-256. Ali, I. and Son, H. (2007), “Defining and measuring inclusive growth: application to the Philippines”, ERD Working Paper Series No. 98, Asian Development Bank, Metro Manila. Arezki, R. and Nabli, M.K. (2012), “Natural resources, volatility, and inclusive growth: perspectives from the Middle East and North Africa”, OxCarre Working Paper 086, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford. Arpaia, A. and Turrini, A. (2008), Government Expenditure and Economic Growth in the EU: Long-Run Tendencies and Short-Term Adjustment, European Economy Economic Papers No. 300, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, Brussels. Ayinde, T.O. and Yinusa, O.G. (2016), “Financial development and inclusive growth in Nigeria: a threshold analysis”, Acta Univ Danubius, Vol. 12 No. 5, pp. 166-189. Babatunde, M.A. and Adefabi, R.A. (2005), “Long-Run relationship between education and economic growth in Nigeria: evidence from the Johansen’s cointegration approach”, Paper presented at the Regional Conference on Education in West Africa: Constraints and Opportunities Dakar, Senegal, November 1st - 2nd, 2005. Barro, R.J. (2013), “Education and economic growth”, Annals of Economics and Finance, Vol. 14 No. 2A, pp. 277-304. Barro, R.J. and Lee, J. (2013), “A new data set of educational attainment in the world, 1950-2010”, Journal of Development Economics, Vol. 104, pp. 184-198. Becker, B. and Hall, S.G. (2013), “Do R&D strategies in high-tech sectors differ from those in low-tech sectors? An alternative approach to testing the pooling assumption”, Economic Change and Restructing, Vol. 46, pp. 183-202. Cohen, D. and Leker, L. (2014), Health and Education: Another Look with the Proper Data mimeo, Paris School of Economics, Paris. Delgado, M.S., Henderson, D.J. and Parmeter, C. (2013), “Does education matter for economic growth?”, Oxford Bulletin of Economics and Statistics, Vol. 76 No. 3, pp. 334-359. Gyimah-Brempong, K., Paddison, O. and Mitiku, W. (2006), “Higher education and economic growth in Africa”, Journal of Development Studies, Vol. 42 No. 3, pp. 509-529. Hanushek, E.A. and W€oßmann, L. (2007), “The Role of Education Quality in Economic Growth”, World Bank Policy Research Working Paper 4122, The Work Bank, Washington, DC. Ianchovichina, E. and Gable, S.L. (2012), “What is inclusive growth?”, in Arezki, R., Pattillo, C., Quintyn, M. and Zhu, M. (Eds), Commodity Prices and Inclusive Growth in Low-Income Countries, International Monetary Fund, Washington, DC. Iwasaki, I. and Suganuma, K. (2015), “Foreign direct investment and regional economic development in Russia: an econometric assessment”, Economic Change and Restructuring, Vol. 48, pp. 209-255, doi: 10.1007/s10644-015-9161-y. Jalil, A. and Idrees, M. (2013), “Modeling the impact of education on the economic growth: evidence from aggregated and disaggregated time series data of Pakistan”, Economic Modelling, Vol. 31, pp. 383-388. Khan, M.S. and Senhadji, A.S. (2000), “Threshold Effects in the Relationship between Inflation and Growth”, IMF working paper. WP/00/110, International Monetary Fund, Washington, DC. Kot askov a, S.K., Proch azka, P., Smutka, L., Maitah, M., Kuzmenko, E., Kopeck a, M. and H€ onig, V. (2018), “ The impact of education on economic growth: the case of India” , Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Vol. 66 No. 1, pp. 0253-0262. Lin, T.C. (2003), “Education, technical progress, and economic growth: the case of Taiwan”, Economics of Education Review, Vol. 22, pp. 213-220. Lin, J.Y. (2012), The Quest for Prosperity: How Developing Economies Can Take off, Princeton University Press, Princeton, NJ. Mankiw, N.G., Romer, D. and Weil, D. (1992), “A Contribution to the empirics of economic growth”, Quarterly Journal of Economics, Vol. 107 No. 2, pp. 407-438. Nowak, A.Z. and Dahal, G. (2016), “The contribution of education to economic growth: evidence from Nepal”, International Journal of Economic Sciences, Vol. 5 No. 2, pp. 22-41. OECD (2013), Speech by OECD Secretary General Angel Gurria, at OECD Workshop on Inclusive Growth, Together We Stand: Inclusive Growth, Organisation for Economic Cooperation and Development, Paris, 3 Apr 2013. Oyinlola, M.A. and Adedeji, A. (2019), “Human capital, financial sector development and Inclusive growth in sub-Saharan Africa”, Economic Change and Restructuring, Vol. 52 No. 1, pp. 43-66. Oyinlola, M.A. and Adedeji, A.A. (2020), “Enhancing economic growth impact of financial Development and human capital through capital Flows in sub-Saharan Africa”, Journal of Economic Development, Vol. 45 No. 2, pp. 95-114. Pastor, J.M., Peraita, C., Serrano, L. and Soler, L. (2018), “Higher education institutions, economic growth and GDP per capita in European Union countries”, European Planning Studies, Vol. 26 No. 8, pp. 1616-1637. Psacharopoulos, G. (1994), “Returns to investment in education: a global update”, World Development, Vol. 22 No. 9, pp. 1325-1343. Pesaran, M.H., Shin, Y. and Smith, R.J. (2001), “Bounds testing approaches to the analysis of level relationships”, Journal of Applied Econometrics, Vol. 16, pp. 289-326. Raheem, I.D., Kazeem, O.I. and Adedeji, A.A. (2018), “Inclusive growth, human capital development and natural resource rent in SSA”, Economic Change and Restructuring, Vol. 51, pp. 29-48. Saad-Filho, A. (2010), “Growth, poverty and inequality: from Washington consensus to inclusive growth”, Working Papers 100, United Nations, Department of Economics and Social Affairs. Sacerdoti, E., Brunschwig, S. and Tang, J. (1998), “The Impact of Human Capital on Growth: Evidence from West Africa”, IMF Working Paper. WP/98/162, International Monetary Fund, Washington, DC. Tang, T.C. (2003), “Japanese aggregate import demand function: reassessment from ‘bound’ testing approach”, Japan and the World Economy, Vol. 15 No. 4, pp. 419-436. Warner, A. (2012), “Inclusive growth in natural resource intensive countries”, in Arezki, R., Pattillo, C., Quintyn, M. and Zhu, M. (Eds), Commodity Prices and Inclusive Growth in Low-Income Countries, International Monetary Fund, Washington, DC. WDI (2016), World Development Indicators, World Bank Group, available at: http://data.worldbank. org/data-catalog/world-development-indicators. Wolfenden, F. (2015), Why Africa Needs New Solutions to its Education Challenges, available at: https:// www.weforum.org/agenda/2015/06/why-africa-needs-new-solutions-to-its-education-challenges/. World Development Indicators (2018), World development indicators dataset, World Bank Group, available at: http://data.worldbank.org/data-catalog/world-development-indicators (accessed 20 July 2019). World Economic Forum (2014), World Economic Forum on Africa: Forging Inclusive Growth and Creating Jobs, World Economic Forum, Geneva. | |
Bộ sưu tập | 02. Tạp chí (Tiếng Anh) | |
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| Trường DC | Giá trị | Ngôn ngữ |
|---|---|---|
| dc.contributor.author | Oluwatosin Adeniyi | |
| dc.contributor.other | Patricia Iyore Ajayi | |
| dc.contributor.other | Abdulfatai Adekunl e Adedeji | |
| dc.date.accessioned | 2023-11-01T10:23:52Z | - |
| dc.date.available | 2023-11-01T10:23:52Z | - |
| dc.date.issued | 2021 | |
| dc.identifier.isbn | 1985-0020 | |
| dc.identifier.uri | https://dlib.neu.edu.vn/handle/NEU/58651 | - |
| dc.description | economic development | |
| dc.description.abstract | Purpose – Many West African countries face the challenge of growth inclusiveness. The region is also facing challenges of equipping its teeming population with high-quality skills despite many reforms and initiatives introduced in the past. This study, thus, identifies education as a crucial contributory factor to growth inclusiveness in the region. It, therefore, examined the role of education in growth inclusiveness in West Africa between 1990 and 2017. Design/methodology/approach – The study utilised different proxies to capture quantity and quality dimensions of education. The unit root and ARDL “ Bounds” tests were employed at a preliminary stage. Based on the preliminary tests, the study explored autoregressive distributed lags modelling technique to capture the short-run and long-run dynamic effects. Findings – The empirical results reveal a positive impact of school enrolment measures in most of the countries in both short-run and long-run. Education quality measure exerts positive impact and significant in few countries under consideration. Practical implications – These countries should give adequate attention to quality when designing education policy to foster their inclusive growth. Originality/value – This study highlights the critical role of education in the inclusive growth pursuit. Education quantity is important to growth inclusiveness but the quality of education is more fundamental. The quality of education possessed determine to a large extent, what individual can contribute to the productive activities within the economy and accessibility to benefits from economic prosperity. | |
| dc.description.tableofcontents | 1. Introduction; 2. Synopsis of related studies; 3. Methodology; 4. Empirical result and discussion; 5. Conclusion and policy suggestions | |
| dc.format.extent | Khổ 21 x 29.7 | |
| dc.language.iso | en | |
| dc.publisher | Kinh Tế Quốc Dân | |
| dc.subject | West Africa | |
| dc.subject | Education | |
| dc.subject | ARDL | |
| dc.subject | Inclusive growth | |
| dc.title | Education and inclusive growth in West Africa | |
| dc.type | Journal of Economics and Development | |
| dc.identifier.barcode | 10-1108_JED-04-2020-0036 | |
| dc.relation.reference | Adedeji, A. and Adeniyi, O. (2019), Remittances, Human Capital and Inclusive Development in the ECOWAS Region, available at: http://www.crepol.org/articles/remittances-human-capital-andinclusive-development-in-the-ecowas-region. Alfaro, L., Chanda, A., Kalemil-Ozcan, S. and Sayek, S. (2001), “Does foreign direct investment promote economic growth? Exploring the role of financial markets on linkages”, Journal of Development Economics, Vol. 91 No. 2, pp. 242-256. Ali, I. and Son, H. (2007), “Defining and measuring inclusive growth: application to the Philippines”, ERD Working Paper Series No. 98, Asian Development Bank, Metro Manila. Arezki, R. and Nabli, M.K. (2012), “Natural resources, volatility, and inclusive growth: perspectives from the Middle East and North Africa”, OxCarre Working Paper 086, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford. Arpaia, A. and Turrini, A. (2008), Government Expenditure and Economic Growth in the EU: Long-Run Tendencies and Short-Term Adjustment, European Economy Economic Papers No. 300, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, Brussels. Ayinde, T.O. and Yinusa, O.G. (2016), “Financial development and inclusive growth in Nigeria: a threshold analysis”, Acta Univ Danubius, Vol. 12 No. 5, pp. 166-189. Babatunde, M.A. and Adefabi, R.A. (2005), “Long-Run relationship between education and economic growth in Nigeria: evidence from the Johansen’s cointegration approach”, Paper presented at the Regional Conference on Education in West Africa: Constraints and Opportunities Dakar, Senegal, November 1st - 2nd, 2005. Barro, R.J. (2013), “Education and economic growth”, Annals of Economics and Finance, Vol. 14 No. 2A, pp. 277-304. Barro, R.J. and Lee, J. (2013), “A new data set of educational attainment in the world, 1950-2010”, Journal of Development Economics, Vol. 104, pp. 184-198. Becker, B. and Hall, S.G. (2013), “Do R&D strategies in high-tech sectors differ from those in low-tech sectors? An alternative approach to testing the pooling assumption”, Economic Change and Restructing, Vol. 46, pp. 183-202. Cohen, D. and Leker, L. (2014), Health and Education: Another Look with the Proper Data mimeo, Paris School of Economics, Paris. Delgado, M.S., Henderson, D.J. and Parmeter, C. (2013), “Does education matter for economic growth?”, Oxford Bulletin of Economics and Statistics, Vol. 76 No. 3, pp. 334-359. Gyimah-Brempong, K., Paddison, O. and Mitiku, W. (2006), “Higher education and economic growth in Africa”, Journal of Development Studies, Vol. 42 No. 3, pp. 509-529. Hanushek, E.A. and W€oßmann, L. (2007), “The Role of Education Quality in Economic Growth”, World Bank Policy Research Working Paper 4122, The Work Bank, Washington, DC. Ianchovichina, E. and Gable, S.L. (2012), “What is inclusive growth?”, in Arezki, R., Pattillo, C., Quintyn, M. and Zhu, M. (Eds), Commodity Prices and Inclusive Growth in Low-Income Countries, International Monetary Fund, Washington, DC. Iwasaki, I. and Suganuma, K. (2015), “Foreign direct investment and regional economic development in Russia: an econometric assessment”, Economic Change and Restructuring, Vol. 48, pp. 209-255, doi: 10.1007/s10644-015-9161-y. Jalil, A. and Idrees, M. (2013), “Modeling the impact of education on the economic growth: evidence from aggregated and disaggregated time series data of Pakistan”, Economic Modelling, Vol. 31, pp. 383-388. Khan, M.S. and Senhadji, A.S. (2000), “Threshold Effects in the Relationship between Inflation and Growth”, IMF working paper. WP/00/110, International Monetary Fund, Washington, DC. Kot askov a, S.K., Proch azka, P., Smutka, L., Maitah, M., Kuzmenko, E., Kopeck a, M. and H€ onig, V. (2018), “ The impact of education on economic growth: the case of India” , Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Vol. 66 No. 1, pp. 0253-0262. Lin, T.C. (2003), “Education, technical progress, and economic growth: the case of Taiwan”, Economics of Education Review, Vol. 22, pp. 213-220. Lin, J.Y. (2012), The Quest for Prosperity: How Developing Economies Can Take off, Princeton University Press, Princeton, NJ. Mankiw, N.G., Romer, D. and Weil, D. (1992), “A Contribution to the empirics of economic growth”, Quarterly Journal of Economics, Vol. 107 No. 2, pp. 407-438. Nowak, A.Z. and Dahal, G. (2016), “The contribution of education to economic growth: evidence from Nepal”, International Journal of Economic Sciences, Vol. 5 No. 2, pp. 22-41. OECD (2013), Speech by OECD Secretary General Angel Gurria, at OECD Workshop on Inclusive Growth, Together We Stand: Inclusive Growth, Organisation for Economic Cooperation and Development, Paris, 3 Apr 2013. Oyinlola, M.A. and Adedeji, A. (2019), “Human capital, financial sector development and Inclusive growth in sub-Saharan Africa”, Economic Change and Restructuring, Vol. 52 No. 1, pp. 43-66. Oyinlola, M.A. and Adedeji, A.A. (2020), “Enhancing economic growth impact of financial Development and human capital through capital Flows in sub-Saharan Africa”, Journal of Economic Development, Vol. 45 No. 2, pp. 95-114. Pastor, J.M., Peraita, C., Serrano, L. and Soler, L. (2018), “Higher education institutions, economic growth and GDP per capita in European Union countries”, European Planning Studies, Vol. 26 No. 8, pp. 1616-1637. Psacharopoulos, G. (1994), “Returns to investment in education: a global update”, World Development, Vol. 22 No. 9, pp. 1325-1343. Pesaran, M.H., Shin, Y. and Smith, R.J. (2001), “Bounds testing approaches to the analysis of level relationships”, Journal of Applied Econometrics, Vol. 16, pp. 289-326. Raheem, I.D., Kazeem, O.I. and Adedeji, A.A. (2018), “Inclusive growth, human capital development and natural resource rent in SSA”, Economic Change and Restructuring, Vol. 51, pp. 29-48. Saad-Filho, A. (2010), “Growth, poverty and inequality: from Washington consensus to inclusive growth”, Working Papers 100, United Nations, Department of Economics and Social Affairs. Sacerdoti, E., Brunschwig, S. and Tang, J. (1998), “The Impact of Human Capital on Growth: Evidence from West Africa”, IMF Working Paper. WP/98/162, International Monetary Fund, Washington, DC. Tang, T.C. (2003), “Japanese aggregate import demand function: reassessment from ‘bound’ testing approach”, Japan and the World Economy, Vol. 15 No. 4, pp. 419-436. Warner, A. (2012), “Inclusive growth in natural resource intensive countries”, in Arezki, R., Pattillo, C., Quintyn, M. and Zhu, M. (Eds), Commodity Prices and Inclusive Growth in Low-Income Countries, International Monetary Fund, Washington, DC. WDI (2016), World Development Indicators, World Bank Group, available at: http://data.worldbank. org/data-catalog/world-development-indicators. Wolfenden, F. (2015), Why Africa Needs New Solutions to its Education Challenges, available at: https:// www.weforum.org/agenda/2015/06/why-africa-needs-new-solutions-to-its-education-challenges/. World Development Indicators (2018), World development indicators dataset, World Bank Group, available at: http://data.worldbank.org/data-catalog/world-development-indicators (accessed 20 July 2019). World Economic Forum (2014), World Economic Forum on Africa: Forging Inclusive Growth and Creating Jobs, World Economic Forum, Geneva. | |
Bộ sưu tập | 02. Tạp chí (Tiếng Anh) | |
