Relationship between education and economic growth in Tanzania (1980-2009)

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Date
2011
Journal Title
Journal ISSN
Volume Title
Publisher
University of Dar es Salaam
Abstract
The crucial role education plays in economic growth and development of a nation cannot be overemphasized. It is not only seen as a key to poverty reduction and vehicle for promoting equity, fairness and social justice but also helps to supply the essential human capital which is a necessary condition for sustained economic growth. Thus, enhancing effective investment on education has been a tenet of growth and development strategies of most countries. This study has carried out an empirical investigation of the relationship between education and economic growth in Tanzania by using annual time series data for the period between 1980 and 2009. The study employed cointegration technique and error correction methodology. Empirical results indicated that there was, indeed a positive relationship between education and economic growth in Tanzania. All the variables included in the estimation model, serve for expenditure on education had the expected positive signs and were statistically significant. The findings have a strong implication on educational policy in Tanzania. The study seems to suggest that concerted efforts should be made by policy makers to enhance investment in education in order to accelerate the rate of economic growth which would engender economic development in the country.
Description
Available in print
Keywords
Education, Economic development, Economic growth, Economic conditions, Tanzania
Citation
Lema, T. J. (2011) Relationship between education and economic growth in Tanzania (1980-2009). Master dissertation, University of Dar es Salaam. Available at http://41.86.178.3/internetserver3.1.2/search.aspx?formtype=advanced