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Direct linkNarayan, Paresh Kumar; Smyth, Russell – Education Economics, 2006
This paper employs cointegration and error-correction modelling to test the causal relationship between real income, real investment and tertiary education using data for the People's Republic of China over the period 1952-1999. To proxy tertiary education we use higher education enrolments and higher education graduates in alternative empirical…
Descriptors: Foreign Countries, Higher Education, Income, Investment
