Relationship between education and GDP growth: a mutivariate causality analysis for Bangladesh

This paper uses the multivariate causality analysis to examine relationship between education and growth in Bangladesh using annual time series data from 1976 to 2003. Recent research works have preferred multivariate to the bivariate approach as the former is thought to be more general than the latter. Besides growth and education whose relationship we examined, two other variables included in our analysis are capital and labour. The empirical results show evidence of bidirectional causality between education and growth in Bangladesh.