Investigating the relationship between Education & Economic Growth in Zimbabwe (1980 - 2003)
The period from 1980 to 2003 may have seen the brighter side of the Zimbabwean economy, with the nation reaching the worst levels in terms of economic performance between 2003 and 2008. In light of the crucial role that education seems to play in economic growth, this study explores the relationship...
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International Academy of Business and Economics
2016
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| Online Access: | https://www.researchgate.net/publication/290242918_INVESTIGATING_THE_RELATIONSHIP_BETWEEN_EDUCATION_AND_ECONOMIC_GROWTH_IN_ZIMBABWE_1980_2003 |
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| author | Mhere, Francis Chipunza, Tamisai Masunda, Stein |
| author_facet | Mhere, Francis Chipunza, Tamisai Masunda, Stein |
| author_sort | Mhere, Francis |
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| description | The period from 1980 to 2003 may have seen the brighter side of the Zimbabwean economy, with the nation reaching the worst levels in terms of economic performance between 2003 and 2008. In light of the crucial role that education seems to play in economic growth, this study explores the relationship between education and economic growth in Zimbabwe for the period 1980 to 2003. The choice of the period was determined by the attempt to exclude years in which the country was in economic doldrums and for which outliers in data are prevalent. Using a dynamic ordinary least squares (DOLS) method, the study observes that education, as measured by government expenditure on education, is a fundamental covariate of economic growth in Zimbabwe. The paper essentially argues that, economic growth, being the ultimate macroeconomic goal for any economy, is crucial and worthy striving for. Its explanatory variables, and specifically, education, should thus deserve priority in fiscal allocation. To achieve economic growth, economies should invest more in education. |
| format | Article |
| id | ir-11408-1249 |
| institution | My University |
| language | English |
| publishDate | 2016 |
| publisher | International Academy of Business and Economics |
| record_format | dspace |
| spelling | ir-11408-12492022-06-27T13:49:06Z Investigating the relationship between Education & Economic Growth in Zimbabwe (1980 - 2003) Mhere, Francis Chipunza, Tamisai Masunda, Stein Zimbabwean economy Economic growth, Zimbabwe The period from 1980 to 2003 may have seen the brighter side of the Zimbabwean economy, with the nation reaching the worst levels in terms of economic performance between 2003 and 2008. In light of the crucial role that education seems to play in economic growth, this study explores the relationship between education and economic growth in Zimbabwe for the period 1980 to 2003. The choice of the period was determined by the attempt to exclude years in which the country was in economic doldrums and for which outliers in data are prevalent. Using a dynamic ordinary least squares (DOLS) method, the study observes that education, as measured by government expenditure on education, is a fundamental covariate of economic growth in Zimbabwe. The paper essentially argues that, economic growth, being the ultimate macroeconomic goal for any economy, is crucial and worthy striving for. Its explanatory variables, and specifically, education, should thus deserve priority in fiscal allocation. To achieve economic growth, economies should invest more in education. 2016-05-06T17:32:33Z 2016-05-06T17:32:33Z 2013 Article 1544-8037 https://www.researchgate.net/publication/290242918_INVESTIGATING_THE_RELATIONSHIP_BETWEEN_EDUCATION_AND_ECONOMIC_GROWTH_IN_ZIMBABWE_1980_2003 en Journal of International Business and Economics;Vol. 13, No.1; p. 83 none International Academy of Business and Economics |
| spellingShingle | Zimbabwean economy Economic growth, Zimbabwe Mhere, Francis Chipunza, Tamisai Masunda, Stein Investigating the relationship between Education & Economic Growth in Zimbabwe (1980 - 2003) |
| title | Investigating the relationship between Education & Economic Growth in Zimbabwe (1980 - 2003) |
| title_full | Investigating the relationship between Education & Economic Growth in Zimbabwe (1980 - 2003) |
| title_fullStr | Investigating the relationship between Education & Economic Growth in Zimbabwe (1980 - 2003) |
| title_full_unstemmed | Investigating the relationship between Education & Economic Growth in Zimbabwe (1980 - 2003) |
| title_short | Investigating the relationship between Education & Economic Growth in Zimbabwe (1980 - 2003) |
| title_sort | investigating the relationship between education & economic growth in zimbabwe (1980 - 2003) |
| topic | Zimbabwean economy Economic growth, Zimbabwe |
| url | https://www.researchgate.net/publication/290242918_INVESTIGATING_THE_RELATIONSHIP_BETWEEN_EDUCATION_AND_ECONOMIC_GROWTH_IN_ZIMBABWE_1980_2003 |
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