An Empirical Analysis Of Economic Growth And Sector Wise Education In Bangladesh: A Macro Econometric Study
Education is one of the fundamental important factors of economic growth. Expenditure on education has become the safe investment over the world. No country can achieve sustainable economic growth without substantial investment in human capital i.e. education. In this paper, the short and long run causal relationship between sector wise education and economic growth in Bangladesh is examined, using annual time series data covering the period from 1990 to 2008. The improved econometric methodologies like- unit root and cointegration test, Granger Causality test, and Error Correction Modeling approach are applied. The stationarity of the data have been examined by using
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