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

Table 5

Short-run coefficients: dependent variable is log of life expectancy at birth (years).

Variable	Coefficient	Std. error	t statistic	Prob.
D (LOGCPI)	−0.004907	0.001908	−2.571993	0.0178
D (LOGGDPPC)	−0.002263	0.003188	−0.709693	0.4857
D (OPENESS)	0.000046	0.000030	1.507302	0.1466
D (K_L_GROWTH)	−0.014970	0.009269	−1.615044	0.1212
D (EDUEXPGOV)	0.000153	0.000066	2.314241	0.0309
D (POLICY)	0.000409	0.000903	0.453214	0.6550
CointEq (−1)	−0.317765	0.062217	−5.107367	0.0000