Education, Savings, and Economic Growth in Côte d'Ivoire: An Intertemporal Application of the Ramsey Model

Ouattara Kifory

International Journal of Economics and Finance, 2025, vol. 17, issue 11, 1

Abstract: This paper examines the impact of education expenditures, demographic growth, and life expectancy on economic growth in Côte d’Ivoire through the intertemporal Ramsey model. The study employs an ARDL approach combined with an Error Correction Model (ECM) to assess the effects of public spending on education, demographic dynamics, and life expectancy on GDP per capita. In the long run, the findings reveal that these three variables exert a positive and significant influence on economic growth, highlighting the central role of human capital and demographic factors in the development process. In the short run, only investment in education shows an immediate measurable effect. The error correction term is negative and significant, indicating a rapid adjustment toward equilibrium after a shock. These results underscore the necessity of strengthening social policies, particularly in education and health, to foster inclusive and sustainable growth in the medium and long term.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ccsenet.org/journal/index.php/ijef/article/download/0/0/52234/56885 (application/pdf)
https://ccsenet.org/journal/index.php/ijef/article/view/0/52234 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ibn:ijefaa:v:17:y:2025:i:11:p:1

Access Statistics for this article

More articles in International Journal of Economics and Finance from Canadian Center of Science and Education Contact information at EDIRC.
Bibliographic data for series maintained by Canadian Center of Science and Education ().