Compare the role of education and health on economic growth and development in selected developing countries by using the method Panel Vector Auto Regressive

ghofran.mohammadi¹ masooud Khodapanah²

1) MA in Economics
2) Assistant Professor

IOI Code : XYCH-AECCE
Publication : 3rd International conference on Management , Economics and Humanities(icmeh.org)
Abstract :
    This study aimed to investigate the role of education and health in economic development and of selected developing countries during the period 2002-2014 was done. The estimation results indicate the effectiveness of health and education indicators on economic growth in developing countries. As is clear from the results of the model, an increase in the rate of child mortality, the per capita GDP or as a more general increase in economic growth is negative and significant effect. Improving the survival and health of young children may provide incentives to reduce fertility and thus may lead to an increase in labor force participation. Export variable has a positive relationship with economic growth. Thus, by increasing exports, the industry has exported products, with expanding markets for their production provided the possibility of increasing that economic growth increases and also specify the years of schooling at the secondary level have a negative impact on economic growth. The results of model for developing countries imply a negative impact on economic growth, the death rate, while the education index for developing countries and the negative effect of the numerical value of 1/65 is. So developing countries towards health education index coefficient is bigger, but with a minus sign. Index of exports and imports in developing countries have accounted for a small amount so that the ratio of exports and imports in developing countries, 0/027 and 0/006 respectively is. As is Mlakhzh export index on economic growth in developing countries more influence than its imports. The ratio of gross capital formation index is in the developing world, 0/18. The results also showed a similar trend in developed countries, but the impact is higher than in developed countries.

Keywords : education health economic growth in developing countries