This study investigates the intricate relationship between the socio-economic factors and gross enrolment ratio of tertiary education in India, leveraging a comprehensive dataset spanning from 1975 to 2022 from the World Development Indicators. The study addresses a significant gap in the literature by employing advanced econometric techniques. The time series analysis enable a nuanced exploration of both short-term and long-term dynamics, capturing potential heterogeneity in the impact of gross enrolment ratio across different time period. The theoretical foundation is centre around indicating the expected impact of education expenditure, urbanisation, adolescent fertility, remittances and other control variable on tertiary enrolment ratio and the steps involved in the analysis are stationarity checks, vector autoregressive estimation, stability conditions, residual diagnostics etc. Results suggest that there is an interconnected relationship between gross enrolment ratio in tertiary and secondary education, urbanisation, government expenditure, adolescents fertility etc. Overall, the study contributes in rising need for higher education and skill based leaning to improve the quality of Indian education system, offering insights that hold implications for policy formulation and economic development strategies.

Authors:
Shikhar Kumar, University of Delhi, India
Preety Sharma, University of Delhi, India

About the Presenter(s)
Shikhar Kumar is a Professor of Economics at Sri Aurobindo college, University of Delhi, India. His research embraces Environmental and Education Economics with a special emphasis on the Economic valuations of Environmental resources.

Connect on Linkedin
https://www.linkedin.com/in/shikharkumarkashyap/

Connect on ResearchGate
https://www.researchgate.net/profile/Shikhar-Kumar-17

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