Tertiary Education and Economic Growth in Tanzania
The study examines how tertiary education impact economic growth in Tanzania, time series secondary data spanning from the year 1999 to 2023 were extracted from World Bank database. Key explanatory variables were tertiary enrollment and government spending on tertiary education while dependent varia...
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| Format: | Article |
| Language: | English |
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Mashhad: Behzad Hassannezhad Kashani
2024-11-01
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| Series: | International Journal of Management, Accounting and Economics |
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| Online Access: | https://www.ijmae.com/article_208649_5d761488e8500402c21a73d022774d43.pdf |
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| author | Kembo Bwana Jeremiah Tumaini Galan Mashenene |
| author_facet | Kembo Bwana Jeremiah Tumaini Galan Mashenene |
| author_sort | Kembo Bwana |
| collection | DOAJ |
| description | The study examines how tertiary education impact economic growth in Tanzania, time series secondary data spanning from the year 1999 to 2023 were extracted from World Bank database. Key explanatory variables were tertiary enrollment and government spending on tertiary education while dependent variable was economic performance measured by growth of gross domestic product. There were control variables such as inflation rate and population growth rate. After normalization of data, unit root test was performed and all variables were stationary after first difference. The study engaged bounds test for Autoregressive Distributed Lags (ARDL) Model and Error correction model as the results of existence of the co-integrating equations among the variables in the long run. Findings reveal that increase in expenditure on education and higher enrollment in tertiary education significantly enhance economic progress overtime. Conversely, short-term effects of educational investments are not immediately evident. Policy implications suggest that sustained investment in education, enhancing access and quality of tertiary education, and fostering public-private partnerships in education sector are crucial for long-term economic development. These insights underscore the pivotal role of education in driving economic prosperity. |
| format | Article |
| id | doaj-art-24b8304b5362445ea9906f98e88df418 |
| institution | Kabale University |
| issn | 2383-2126 |
| language | English |
| publishDate | 2024-11-01 |
| publisher | Mashhad: Behzad Hassannezhad Kashani |
| record_format | Article |
| series | International Journal of Management, Accounting and Economics |
| spelling | doaj-art-24b8304b5362445ea9906f98e88df4182025-01-12T08:07:04ZengMashhad: Behzad Hassannezhad KashaniInternational Journal of Management, Accounting and Economics2383-21262024-11-0111111591160410.5281/zenodo.14032897208649Tertiary Education and Economic Growth in TanzaniaKembo Bwana0Jeremiah Tumaini1Galan Mashenene2Department of Accountancy, College of Business Education, Dodoma, TanzaniaDepartment of Business Administration, College of Business Education, Mbeya Campus, Mbeya, TanzaniaDepartment of Business Administration and Marketing, College of Business Education, Mwanza Campus, Mwanza, TanzaniaThe study examines how tertiary education impact economic growth in Tanzania, time series secondary data spanning from the year 1999 to 2023 were extracted from World Bank database. Key explanatory variables were tertiary enrollment and government spending on tertiary education while dependent variable was economic performance measured by growth of gross domestic product. There were control variables such as inflation rate and population growth rate. After normalization of data, unit root test was performed and all variables were stationary after first difference. The study engaged bounds test for Autoregressive Distributed Lags (ARDL) Model and Error correction model as the results of existence of the co-integrating equations among the variables in the long run. Findings reveal that increase in expenditure on education and higher enrollment in tertiary education significantly enhance economic progress overtime. Conversely, short-term effects of educational investments are not immediately evident. Policy implications suggest that sustained investment in education, enhancing access and quality of tertiary education, and fostering public-private partnerships in education sector are crucial for long-term economic development. These insights underscore the pivotal role of education in driving economic prosperity.https://www.ijmae.com/article_208649_5d761488e8500402c21a73d022774d43.pdfeconomic performanceexpenditure on tertiary educationenrolmenttanzania |
| spellingShingle | Kembo Bwana Jeremiah Tumaini Galan Mashenene Tertiary Education and Economic Growth in Tanzania International Journal of Management, Accounting and Economics economic performance expenditure on tertiary education enrolment tanzania |
| title | Tertiary Education and Economic Growth in Tanzania |
| title_full | Tertiary Education and Economic Growth in Tanzania |
| title_fullStr | Tertiary Education and Economic Growth in Tanzania |
| title_full_unstemmed | Tertiary Education and Economic Growth in Tanzania |
| title_short | Tertiary Education and Economic Growth in Tanzania |
| title_sort | tertiary education and economic growth in tanzania |
| topic | economic performance expenditure on tertiary education enrolment tanzania |
| url | https://www.ijmae.com/article_208649_5d761488e8500402c21a73d022774d43.pdf |
| work_keys_str_mv | AT kembobwana tertiaryeducationandeconomicgrowthintanzania AT jeremiahtumaini tertiaryeducationandeconomicgrowthintanzania AT galanmashenene tertiaryeducationandeconomicgrowthintanzania |