Effect of Women's Higher Education on Economic Growth in Some OPEC and North Africa Countries

Hajebi, Elnaz; Razmi, Mohammad Javad

doi:10.18869/acadpub.jemr.6.24.175

Volume 7, Issue 24 (6-2016) jemr 2016, 7(24): 175-200 | Back to browse issues page

‎ 10.18869/acadpub.jemr.6.24.175

‎ 20.1001.1.22286454.1395.6.24.1.0

Mendeley

Zotero

RefWorks

Hajebi E, Razmi M J. Effect of Women's Higher Education on Economic Growth in Some OPEC and North Africa Countries. jemr 2016; 7 (24) :175-200
URL: http://jemr.khu.ac.ir/article-1-873-en.html

Effect of Women's Higher Education on Economic Growth in Some OPEC and North Africa Countries

Elnaz Hajebi

, Mohammad Javad Razmi ^*

1- , mjrazmi@um.ac.ir

Abstract: (9582 Views)

A great portion of economic growth deals with education and development implies a gradual substitution of human quality instead of their quantity in development process. Improvement and higher education of women and their role in economic growth should be considered from this aspect. Recently, many empirical studies have evaluated the effect of higher education based on sexual separation on economic growth. The result of these studies shows that the higher education of women has a positive impact on economic growth. This paper, analyses the role of women higher education in economic growth of some OPEC member countries and North Africa including: Iran, Qatar, Kuwait, United Arab Emirates, Saudi Arabia, Venezuela, Algeria, Ecuador, Morocco and Tunisia. This paper uses panel data over 1991-2010 period and a modified neo-classical Mankiw-Romer-Weil growth model which all levels of education are employed. The results of this study indicate that women higher education has positive and significant effect on GDP per capita in these countries which shows the high importance of women higher education in expediting the economic growth of the studied countries.Bearing in mind, the empirical and statistical description in this study, it appears it is necessary for these countries to invest in higher education of women proportionate to the higher educations by means of adopting suitable policies for scientific development necessary for economic growth.

Keywords: Women’s Higher Education, OPEC and North Africa Countries, Economic Growth

Full-Text [PDF 2703 kb] (4261 Downloads)

Type of Study: Applicable | Subject: رشد و توسعه و سیاست های کلان
Received: 2013/11/6 | Accepted: 2016/01/24 | Published: 2016/09/19

References

1.  Agiomirgianakis, G, Asteriou, D. &Monastiriotis,V., (2002). Human capital and economic growth revisited: a dynamic panel data study, International Advances in Economic Research, 8(3): 177–87.

2.  Al-Emran, R. & Al-Emran S. A., (2012). Measuring the Effect of Human Capital Development on Economic Growth of Some OPEC Countries. Quarterly Journal of parkha and Marakez Roshd, 8,(32).

3.  Ankudinov A., Biktemirova, M. & Khairullina,E., (2014). Investment in Higher Professional Education in Russia: Value-Based Approach. Procedia-Social and Behavioral Sciences, 152 .1154-1159. [DOI:10.1016/j.sbspro.2014.09.292]

4.  Akguç, M., (2011). The effects of different stages of education on income across countries. Working paper, Toulouse School of Economics (TSE).

5.  Appiah, E. & McMahon, W., (2002). the social outcomes of education and feedbacks on growth in Africa, Journal of Development Studies, 38(4): 27–68.

6.  Artadi, V. & Sala-i-Martin, X., (2003). The Economic Tragedy of the XXth Century: Growth in Africa. NBER Working Paper, 9865. [DOI:10.3386/w9865]

7.  Ashrafzadeh, S.M. Reza & Mehregan, N., (2010). Panel Data Econometrics. Tahghighat Taavon Institute, Tehran University.

8.  Baltagi, H., (2001). Econometric Analysis of Panel Data. 2d ed. New York: John Wiley & Sons.

9.  Barzani M. & Hatami, R., (2010). The Impact of Gender Equality on Economic Growth in Developing Countries. Quarterly Journal of Quantitative Economics.7,1,(56).

10.  Barro, Robert J. (1999). Human capital and growth in cross-country regressions. Swedish Economic Policy, 6(2): 237–77.

11.  Barro, J. & Sala-i-Martin, X., (1995). Economic Growth. New York: McGraw-Hill.

12.  Becker, S., (1964). Human Capital. Columbia University Press (for NBER), New York.

13.  Benhabib, J. & Spiegel, M., (1994). The role of human capital in economic development: evidence from aggregate cross-country data. Journal of Monetary Economics, 34,143–73. [DOI:10.1016/0304-3932(94)90047-7]

14.  Blumberg, L., (1988). Income under Female versus Male Control. Journal of Family, 9. 51-84. [DOI:10.1177/019251388009001004]

15.  Bradshaw, S., Castellino,J., & Diop, B., (2013). Women's Role in Economic Development: Overcoming the constraints. Sustainable Development Solutions Network-UN.

16.  Cremin, P., & Nakabugo M., (2012). Education, Development and Poverty reduction: A literature Critique. International Journal of Educational Development.32,499-506. [DOI:10.1016/j.ijedudev.2012.02.015]

17.  Dincer, M, Kaushal, N., & Grossman, M., (2014). Women's Education: Harbinger of Another Spring?Evidence from a Natural Experiment in Turkey. World Development.64: 243-258.

18.  Dollar, D. & Gatti, R., (1999). Gender inequality, income, and growth: are good times good for women?. World Bank, Policy Research Report on Engendering Development, Working Paper Series.

19.  Falihi, N., (2009). An Investigation of Higher Education Effects on Economic Growth in Iran. Quarterly Journal of Financial Economics and Development.2, (5).

20.  Gyimah-Brempong, K., Paddison, O., & Mitiku, W., (2006). Higher Education and Economic Growth in Africa. Journal of Development Studies, 42(3): 509-529.

21.  Hassan, G. & Cooray, A., (2014). Effect of Male and Female Education on Economic Growth: Some Evidence from Asia. Journal of Asian Economics, ASIECO-958.

22.  Klasen, S., & Lamanna, F., (2008). The Impact of Gender inequality in Eeducation and Employment on Economic Growth in Developing Countries. Discussion Papers 175.

23.  Klasen, S., (2002). Low Schooling For Girls, Slower Growth For All? Cross Country Evidence on the Effect of Gender Equality in Education on Economic Development. The World Bank Economic Review, 16 (3): 345-373.

24.  Knowles, S., Lorgelly P., & Owen, P., (2002). Are Educational Gender Gaps a Brake On Economic Development? Some Cross-Country Empirical Evidence. Oxford Economic Papers, 54 (1): 94- 118.

25.  Kreishan, F., (2011). Education and economic growth in Jordan: Causality test. International Journal of Economic Perspectives, 5(1).

26.  Kruss, G., McGrath, S., Petersen, I., & Gastrow, M., (2015). Higher Education and Economic Development:The Importance of Building Technological Capabilities. International Journal of Educational Development.43. 22-31. [DOI:10.1016/j.ijedudev.2015.04.011]

27.  Kuznets, S. (1955). Growth and Income Inequality. American Economic Review. (45): 1-28.

28.  Lashgari, M., (2000). Role of Higher Education in Economic Development. Quarterly Journal of Politic-Economic Information.143.

29.  Maddala, S. & Sh Wu, Sh., (1999). A comparative study of unit root tests with panel data and new simple test, Oxford Bulletin of Economics and Statistics, Special issue, 631-652.

30.  Majma, Sh., Ozlati Moghaddam, F., (2013). Human Development, Gender and Higher Education in Islamic Countries. Rahyaft Journal. 51.

31.  Mankiw, G., Romer, D., & Weil, D., (1992). A contribution to the empirics of economic growth. Quarterly Journal of Economics, 107(2): 407–37.

32.  Mehrabani, V., (2013). The Level of Women Education and fertility in Tehran: An Economic Approach. Economic Research Journal. 48, (1).

33.  Mohammadzadeh, R., Bakhshoodeh M. & Zibaei M., (2007). Study of Optimum Size of Government in Selected Countries with Emphasis on Agricultural Sector. Agricultural Economics and Development.15. (60).

34.  Motavasseli, M. & Ahanchian, M., (2009). Economic of education.Tehran, Iran: SAMT

35.  Nilli, M., & Sh Nafisi, Sh.,( 2003). Relation between Human Capital and Economic Growth with Emphasize on Role and Distribution of Education of Labor Force: Case study of Iran. Quarterly Journal of Economic Research, Allameh Tabatabayi University, 17.

36.  Petrakis, E. & Stamatakis, D., (2002). Growth and educational levels: a comparative analysis. Economics of Education Review, 21(5): 513–21.

37.  Robert E. & Jones, C., (1999). Why do some countries produce so much more output per worker than others?, Quarterly Journal of Economics, 114(1): 83–116.

38.  Samarakoon, Sh., & Parinduri, R., (2015). Does Education Empower Women? Evidence from Indonesia. World Development, (66): 428-442.

39.  Self, Sh., & Grabowsky, R., (2004). Does education at all levels cause growth?, India, a case study, Economics of Education Review, (23): 47–55.

40.  Schultz, T., (1995). Investments in schooling and health of women and men: Quantities and returns. Chicago, Illinois: University of Chicago Press.

41.  Shahbazi, K. & Hassani, M., (2013). The Impact of Different Levels of Education on Economic Growth in Iran. Quarterly Journal of Research and Planning in Higher Education. 18. (4).

42.  Taghavi, M., (2010). Financial Development and Economic Growth in MENA Countries. Financial Knowledge of Securities Analysis. 10,(69).

43.  Vandenbussche, J., Aghion, Ph., & Meghir, C., (2006). Growth, distance to frontier and composition of human capital. Journal of Economic Growth, 11(2): 97–127.

44.  World Bank (2013). World Development Indicators. http://www.worldbank.org/wdi/.

45.  Yousefy, A., & Baratali, M., (2011). Women, Employment and higher education schoolings. Procedia Social and Behavioral Sciences, 15. [DOI:10.1016/j.sbspro.2011.04.386]

46.  Zaranezhad, M. & Anvari, E., (2005). The Application of Mixed Data in Econometrics. Economic Survey. 2 (4). 43-44