Title: Education and economic growth in Morocco: a causal analysis approach

Authors: Hicham Goumrhar

Addresses: Development Economics Laboratory, LED, IBN-Zohr University, ESTL, Agadir, Morocco

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.

Keywords: education; economic growth; GDP per capita; ARDL model; Granger causality; Toda-Yamamoto approach.

DOI: 10.1504/IJEED.2024.139303

International Journal of Education Economics and Development, 2024 Vol.15 No.3, pp.359 - 376

Received: 02 Sep 2022
Accepted: 20 Nov 2022
Published online: 01 Jul 2024 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article