Title:
The Impact of Education on GDP per Capita
The Impact of Education on GDP per Capita
Author(s)
Weatherly, Helena
Lopez, Kendy
Tierra, Carol
Lopez, Kendy
Tierra, Carol
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Abstract
Education plays an important role in a country’s economic growth. This paper looks at the impact of education on the gdp per capita of different countries across the globe. The data comes from the World Bank and from the Barro and Lee database for the year of 2015. We took the average of total years of schooling to determine how the quantity of education affects GDP per capita. First, we look only at the relationship of education and GDP per capita on a simple regression model. We then add other factors such as the unemployment rate, foreign direct investment, gross savings, and manufacturing to see how they also affect GDP per capita across these countries. Our models found a significant relationship between years of total education and GDP per capita.
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Date Issued
2022-11
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Text
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Undergraduate Research Paper