Determinants of Human Capital Development in Ethiopia: Implications to Education Policy

Table 4

Short-run coefficients: the dependent variable is the years of schooling.

Variable	Coefficient	Std. error	t statistic	Prob.
D (LOGCPI)	−13.094526	6.234747	−2.100250	0.0448
D (LOGGDPPC)	11.101560	6.510155	1.705268	0.0992
D (OPENESS)	0.206409	0.110710	1.864413	0.0728
D (K_L_GROWTH)	−0.460207	0.362575	−1.269274	0.2148
D (EDUEXPGOV)	−0.445670	0.273987	−1.626610	0.1150
D (POLICY)	8.598088	3.551707	2.420833	0.0222
CointEq (−1)	−0.730435	0.127128	−5.745656	0.0000