DOI:

Abstract

This paper investigates the effect of adult education on income growth in developing countries worldwide with an emphasis on the case of Vietnam. The Vector Autoregressive model for panel data (Panel VAR) is employed to examine any possible two-way causality between a pair of variables. The results show that adult education raises income growth in Vietnam more than in other developing countries. On the reverse causality, we find that the effect of income growth on adult education is lower in Vietnam than in other countries. We also find that the effect of income growth on male education is less than that of the female education in Vietnam.

Keywords

Adult Education; Income Growth; Developing Countries; Vietnam.