Causality Relationship between Education, Health and Economic Growth in Laos and Thailand

Main Article Content

Soneananh Vongpanya

Abstract

The intention of this study is to investigate the causal relationship between three different levels of education enrollment (primary, secondary and higher education), health (life expectancy) and RGDP in Laos and Thailand. The causal relationship was tested by using ARDL and VECM Granger Causality for the period 1996 to 2016. The empirical results show the same and the difference in 2 case Laos and Thailand. The unidirectional causality running from health and higher education enrollment to real GDP was found in two cases. The empirical estimation also found the unidirectional running from real GDP and health to secondary school enrollment in these two countries. The difference is that is unidirectional running from real GDP and health to higher education enrollment in case of Laos while we did not find these relationships in the case of Thailand. This might be benefit for policy maker to develop their economy.


 

Article Details

How to Cite
Vongpanya, S. . (2020). Causality Relationship between Education, Health and Economic Growth in Laos and Thailand. International Journal of Multidisciplinary in Management and Tourism, 2(2), 61–79. https://doi.org/10.14456/10.14456/ijmmt.2021.1
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