DOIONLINE

DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-8683

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International Journal of Management and Applied Science (IJMAS)-IJMAS
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Volume Issue
Issue
Volume-3,Issue-7  ( Jul, 2017 )
Paper Title
Education and Economic Growth: Evidence from SADC Countries
Author Name
Akshay Seedoyal, Bhavish Jugurnath, Hema Soondram, Purnima Juggroo
Affilition
Faculty of Law and Management, University of Mauritius
Pages
80-84
Abstract
Nowadays more people are opting for tertiary education and this has led to the debate of whether education level of a country does influence its economic growth or not. This study will explore this relationship. Education has long been considered to have improved lifestyle and when a person has acquired education, he is expected to be more productive and thus contribute more to the society and this may lead to economic growth. To test whether education has an impact on economic growth theory, the method of multiple regression analysis has been employed and the evidence is taken from the Southern Africa Development Community (SADC) for the period of 10 year from 2001 to 2010. The results show that education will positively affect economic growth and secondary and tertiary education will contribute more to growth. As per the findings, it is recommended to encourage individual to pursue further education. Index Terms- Education, GDP per Capita, SADC countries, Multiple Regression Analysis
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