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ERIC Number: EJ980832
Record Type: Journal
Publication Date: 2012
Pages: 16
Abstractor: As Provided
Reference Count: 45
ISSN: ISSN-0964-5292
The Effect of Education on Economic Growth in Greece over the 1960-2000 Period
Tsamadias, Constantinos; Prontzas, Panagiotis
Education Economics, v20 n5 p522-537 2012
This paper examines the impact of education on economic growth in Greece over the period 1960-2000 by applying the model introduced by Mankiw, Romer, and Weil. The findings of the empirical analysis reveal that education had a positive and statistically significant effect on economic growth in Greece over the period 1960-2000. The econometric model explained up to 66% of the variation of the economic growth rate through the variation of the independent variables (physical capital, human capital, and labor). More specifically, when the coefficient of education is estimated using time lags, the contribution of the annual differences of human capital growth to the annual differences of GDP growth has been estimated from an annual 0.64% up to 0.81%. (Contains 4 tables, 3 figures and 2 notes.)
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Publication Type: Journal Articles; Reports - Evaluative
Education Level: Adult Education; Elementary Secondary Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Greece