The influence of educational attainment among labor force in Malaysia towards economic growth
Education brings a wide range of benefits for both individuals and societies. Therefore, education has always been recognized as an instrument to economic growth. Indeed, measures of educational attainment reflect the knowledge and skills of the labor force and human capital of...
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| Format: | Final Year Project Report / IMRAD |
| Language: | English |
| Published: |
Universiti Malaysia Sarawak, UNIMAS
2009
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/6483/ http://ir.unimas.my/id/eprint/6483/8/Nundakrisping%20Meges.pdf |
| Summary: | Education brings a wide range of benefits for both
individuals and societies.
Therefore, education has always been recognized as
an instrument to economic
growth. Indeed, measures of educational attainment
reflect the knowledge and skills
of the labor force and human capital of the nation.
This study focuses on educational
attainment among labor force as a determinant of Ma
laysia’s economic growth. This
research is carried out for the purpose of examinin
g the causality pattern between
labor force with primary education (LF
PE
), labor force with secondary education
(LF
SE
), labor force with tertiary education (LF
TE
) and Malaysia’s economic growth
particularly in terms of Gross Domestic Product (GD
P) by using 30 years time series
data. The empirical result suggests that all the da
ta applied in this study are
stationary at their first difference and are integr
ated of the same order. The Johansen
Cointegration test has detected a single cointegrat
ion vector among the variables
which indicates a long-run relationship between the
m. The Granger’s test result
denotes the existence of a short-run causal relatio
nship between GDP and LF
PE
, LF
SE
and LF
TE.
It also entails that Malaysia’s GDP influence the e
ducational attainment
among labor force in the short-run. |
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