Relationship Between Growth and Education in the Context of Middle-Income Trap: Cases of Turkey, Brazil, and Mexico

Harun Kalmaç and Emine Tahsin
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Harun Kalmaç: İstanbul Üniversitesi, İktisat Bölümü Doktora Öğrencisi

Yildiz Social Science Review, 2020, vol. 6, issue 1, 33-60

Abstract: Turkey, Brazil and Mexico are classified among the major countries that caught in the middle-income trap. Given that, the relationship between economic growth and education for Turkey, Brazil and Mexico is analyzed on the basis of the middle-income trap concept. The countries that get escaped from the middle-income trap have common characteristics; a growth model based on R&D and innovation. In this context, the paper aims to set up the relationship between GDP per capita income, education, manufacturing and savings data for Turkey, Brazil and Mexico. For this purpose, relevant data from 1990 to 2015 is estimated by using VAR model. As a part of the VAR model, impulse response relation is evaluated, and it is concluded that education led to increase the level of savings and savings led to increase GDP per capita.

Keywords: Middle Income Trap; Economic Growth and Education; Middle Income Trap in Turkey; Middle Income Trap in Brazil; Middle Income Trap in Mexico; VAR ModelsJournal: Yildiz Social Science Review (search for similar items in EconPapers)
JEL-codes: F00 F30 G00 G10 K00 K20 M00 M20 O10 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:aye:journl:v:6:y:2020:i:1:p:33-60

DOI: 10.51803/yssr.680273

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