Assessing the Impact of Education on Economic Growth with the Help of Information Technology

Aliyeva T., Rzayeva Ü.

17th IEEE International Conference on Application of Information and Communication Technologies, AICT 2023, Baku, Azerbaijan, 18 - 20 October 2023 identifier

  • Publication Type: Conference Paper / Full Text
  • Doi Number: 10.1109/aict59525.2023.10313175
  • City: Baku
  • Country: Azerbaijan
  • Keywords: econometric methods, economic growth, information technologies, innovations, investment in education, level of education of the population
  • Azerbaijan State University of Economics (UNEC) Affiliated: Yes

Abstract

Information technologies play an important role in econometric analysis, providing researchers with tools and software packages that facilitate data processing, model evaluation, and results generation. This study was carried out using the EViews software package designed for time series analysis and econometric models. The article examines the relationship between the level of higher education on economic growth. The impact on GDP growth is considered taking into account various factors, such as government spending on education, wages, educational attainment, and other economic variables. An empirical approach is used for the analysis, including the use of a regression model.