Causality between education and economic growth: a literature review and the Brazilian contribution for the discussion
DOI:
https://doi.org/10.5433/2317-627X.2020v8n2p41Keywords:
Education, Economic Growth, CausalityAbstract
The aim of this work was to present a discussion about the link between education and economic growth, the main methods to identify the direction of causality and the Brazilian contribution to this topic. The methodology review regarding the causal relationship between education and economic growth shows that their empirical estimation overlaps the concept of temporal precedence. Based on this, the national literature shows that the elementary school level maintains a relationship of causality in direction to economic growth; when compared to international studies, there were divergence on higher education, since international research found that economic growth has precedence relationship of higher education, a phenomenon not found in the Brazilian works. In addition, the availability of Brazilian works on the subject is proportionately smaller than the international and replicate methods used in other articles.
The aim of this work was to present a discussion about the link between education and economic growth, the main methods to identify the direction of causality and the Brazilian contribution to this topic. The methodology review regarding the causal relationship between education and economic growth shows that their empirical estimation overlaps the concept of temporal precedence. Based on this, the national literature shows that the elementary school level maintains a relationship of causality in direction to economic growth; when compared to international studies, there were divergence on higher education, since international research found that economic growth has precedence relationship of higher education, a phenomenon not found in the Brazilian works. In addition, the availability of Brazilian works on the subject is proportionately smaller than the international and replicate methods used in other articles.
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