(University Of Bostwana, 2021-01-19) Charowe, Karabo
The study investigates the role of higher education in economic growth for Botswana
between 1981 and 2016 using the application of Auto Regressive Distributed Lag Model and
Toda & Yamamoto (1995) Causality approach in Vector Autoregressive (VAR) framework. The
analysis showed no evidence of long run relationship between economic growth and higher
education. The results imply that higher education do not play any role in bringing economic
growth to equilibrium.
The empirical results of causality test indicate that there is no direction of causality
between economic growth and higher education which suggests that for the case of Botswana
when considering revenues without mineral proceeds economic growth is independent from
higher education