Higher Education and Economic Growth: A Study for West Virginia

American Journal of Economics 2013, 3(6): 278-282

5 Pages Posted: 2 Jun 2014

See all articles by Saima Bashir

Saima Bashir

California University of Pennsylvania

Janaranjana Herath

University of Mount Olive

Tesfa G. Gebremedhin

West Virginia University - Davis College of Agriculture, Forestry, and Consumer Sciences

Date Written: March 1, 2013

Abstract

Investment in education to increase economic growth, as one phase of human development, has gained economists’ and policy makers’ interest. It establishes human capital that makes a significant contribution to economic and income growth, and preserves returns as skilled labor that contributes to higher growth and improved quality of life. Researchers have used different theories and models to examine the relationship between education and economic growth, and many of them paid attention to human capital accumulation as a source of acceleration in economic growth. Some studies used human capital as an engine of economic growth for technological change. As the education is a key for better human capital accumulation, the main objective of this study is to analyze higher education and economic growth in West Virginia. A set of simultaneous equations with three endogenous variables of income, education, and population was used for the analysis. The results highlight that income and the educational growth are positively related, and population declines with higher education.

Keywords: Higher Education, Income, Economic Growth, West Virginia

Suggested Citation

Bashir, Saima and Herath, Janaranjana and Gebremedhin, Tesfa G., Higher Education and Economic Growth: A Study for West Virginia (March 1, 2013). American Journal of Economics 2013, 3(6): 278-282, Available at SSRN: https://ssrn.com/abstract=2444464

Saima Bashir

California University of Pennsylvania ( email )

250 University Avenue
California, PA 15062
United States

Janaranjana Herath (Contact Author)

University of Mount Olive ( email )

652, Butler Drive,
Mount Olive, NC 28365
United States

Tesfa G. Gebremedhin

West Virginia University - Davis College of Agriculture, Forestry, and Consumer Sciences ( email )

Morgantown, WV 26506
United States

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