Modelling the impact the level of education and digitalisation on economic growth

Authors

  • Catherine G. Gospodarik Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus; Financial University under the Government of the Russian Federation, 49 Leningradsky Avenue, Moscow 125167, Russia
  • Vladislav D. Yermak Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus

Keywords:

economic growth, education, digitalisation, modelling of economic growth

Abstract

Econometric models of economic growth are built with exogenous variables reflecting the degree of education, digitalisation and life expectancy of the population, as well as the starting level of gross national income per capita. The panels are based on data from 10 developed and 10 developing countries over the past 30 years. The basic least squares method, the fixed effects method (in three versions) and the random effects method were used. Models with the best accuracy are identified. Economic conclusions are made.

Author Biographies

  • Catherine G. Gospodarik, Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus; Financial University under the Government of the Russian Federation, 49 Leningradsky Avenue, Moscow 125167, Russia

    PhD (economics), docent; head of the department of analytical economics and econometrics, faculty of economics, Belarusian State University, and professor at the department of business analysis, Financial University under the Government of the Russian Federation.

  • Vladislav D. Yermak, Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus

    student at the faculty of economics

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Published

2022-11-18

Issue

No. 2 (2022): Journal of the Belarusian State University. Economics

Section

O. Economic Development, Innovation, Technological Change, and Growth

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How to Cite

[1]
Gospodarik, C.G. and Yermak, V.D. 2022. Modelling the impact the level of education and digitalisation on economic growth. Journal of the Belarusian State University. Economics. 2 (Nov. 2022), 81–92.