Empirical analysis of the impact of education on total factor productivity: Case of the Republic of Congo
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摘要: 主要目的是分析变量教育对刚果共和国1970年至2013年全要素生产率的影响. 结果表明, 教育在短期内对全要素生产率没有显著影响, 但从长远来看意义重大. 此外, 外国直接投资在短期内并不重要, 但从长期来看, 其对全要素生产率产生了积极影响. 结果将有助于政策制定者和外国经济伙伴确定公共金融投资以及外国直接投资的方向.
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Key words:
- analysis /
- impact /
- education /
- total factor productivity
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Tab. 1 Stationarity test of the variables
Variables Level statistics Critical value (5%) Statistics in first difference critical value Decision OPEN –1.95 –2.931 –6.613 –2.933 I(1) TFP –2.72 –2.933 –4.270 –2.933 I(1) FDI –3.29 –2.931 I(0) SCHO –2.91 –2.938 –3.510 –2.935 I(1) Tab. 2 Co-integration test
ARDL Bounds Test Date: 09/20/19 Time: 14:54 Sample: 1974, 2013 Included observations: 40 Null Hypothesis: No. Long-run relationships exist Test Statistic Value k F-statistic 3.654903 3 Critical Value Bounds Significance 10% 5% 2.5% 1% I0 Bound 2.37 2.79 3.15 3.65 I1 Bound 3.20 3.67 4.08 4.66 Tab. 3 Long-term test
Long Run Coefficients Variable Coefficient Std. Error t-Statistic Prob. OPEN –0.000026 0.000204 –0.126334 0.9006 FDI –0.000397 0.000682 –0.582468 0.5659 SCHO 0.001107 0.000420 2.633546 0.0148 C –0.231260 0.029049 7.961094 0.0000 -
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