Education and economic growth in Morocco: a causal analysis approach
by Hicham Goumrhar
International Journal of Education Economics and Development (IJEED), Vol. 15, No. 3, 2024

Abstract: This work aims to establish the nature of the long and/or short term relationship as well as the causal inference between human capital and economic growth in Morocco. In this respect, we adopted an appropriate methodological approach, in particular the dynamic ARDL model, in multivariate analysis, the Cointegration test (Pesaran et al., 2001) as well as the Granger causality test according to the Toda-Yamamoto approach (1995). The results show that investment in human capital, through education, does not seem to have an immediate effect on economic growth in the case of Morocco, but rather is represented as a positive and significant factor for long-term economic growth. Moreover, the causal relationship for the case of Morocco is expressed from production (or growth) to education and that it is not simply a mutual causality relationship.

Online publication date: Mon, 01-Jul-2024

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