Impact of Educational Infrastructure on Economic Growth - An Empirical Study of India

Author(s)	Ramswaroop Swami, Aanchal Sharma
Country	India
Abstract	A complex web of interdependencies between economic growth and the education is always a topic of debates. Education is key to human development which indirectly key to economic growth and theories of economic growth and development show a positive relation between economic growth and education. This study aims to present thegrowth of educational infrastructure and its impact on GDP. GDP is the dependent variable of the study and mean year of schooling, number of schools, and enrollment in school education are independent variable of the study. These studies used time series date from 1991 to 2021 and test used are unit root test – ADF and PP, and ARDL (Autoregressive distributive lag model) at lag 4. The objectives of study are to find the effect of increase in number of school and its impact on GDP, and increase in school enrollment and its impact on GDP. In results we find positive relation between enrollment in school education and GDP, and negative impact of number of school on GDP.
Keywords	Human Development; Economic Growth; Educational Infrastructure; Human Development; Research and Development; ARDL Model; Time Series Analysis
Published In	Volume 7, Issue 1, January-February 2025
Published On	2025-02-24
DOI	https://doi.org/10.36948/ijfmr.2025.v07i01.37900
Short DOI	https://doi.org/g86w56

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