Home|Journals|Articles by Year|Audio Abstracts
 

Original Article

Ekonomik Yaklasim. 1999; 10(35): 21-52


CONTRIBUTION OF EDUCATION TO ECONOMIC GROWTH IN TURKEY

Hüseyin ERGEN.




Abstract
Cited by 53 Articles

In this study, contribution of education to economic growth in Turkey, between 1980 and 1990, was analyzed via the estimations of production function relationships. Firstly, Cobb-Douglas production functions were estimated by OLS, for panel data. Secondly, a difference model considering also the province-specific differences w as estimated. Finally, more flexible functional form of translog function was considered. lt w as concluded that the effect of education on output growth was positive, but not increasing during the decade, and also unchanging across regions. The output elasticity of capital increased over time and got lower for underdeveloped regions, while the reverse was true for the output elasticity of labor. lt was observed that the assumption of constant retums to scale, which was assumed for Cobb-Douglas production function held for the Turkish economy within the decade. The claims of difference forms were not supported for Cobb-Douglas production function, while they were supported for translog form. Translog function was found to be advantageous over Cobb-Douglas production function.

Key words: Human capital, education, economic growth, production function analysis, Cobb-Douglas production function.

Article Language: EnglishTurkish






Full-text options


Share this Article


Online Article Submission
• ejmanager.com




ejPort - eJManager.com
Refer & Earn
JournalList
About BiblioMed
License Information
Terms & Conditions
Privacy Policy
Contact Us

The articles in Bibliomed are open access articles licensed under Creative Commons Attribution 4.0 International License (CC BY), which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/.