The Quantile Effect of Technology and Education on Economic Growth in Sub-Saharan Africa
摘要
Economic growth is a multifaceted phenomenon influenced by numerous interconnected factors. Researchers are dedicating significant time and resources to understanding these factors. While some countries and regions struggle with low economic growth despite many years of effort, others have achieved rapid and sustained economic progress. Among the key focus areas, the roles of technological advancements and educational investments remain subjects of ongoing scholarly debate. While some assert that education plays a pivotal role in fostering skill development and enhancing efficiency, others contend that there is a need for more empirical evidence to establish the significance of education in economic research. This debate also encompasses the hypothesis that technology and education collectively impact economic growth. Therefore, this research examines the influence of technology and education on economic growth using a panel of 33 Sub-Saharan African countries, employing a quantile regression approach with data spanning the period from 2000 to 2020. The study found that ICT development has a positive impact on economic growth in Sub-Saharan Africa. It also revealed significant links between education, technology, and economic growth. The findings support the notion that education has a long-term positive impact on human capital, resulting in increased productivity and output growth. Additionally, the study revealed bidirectional relationships between technology and economic growth, as well as between education and economic growth.