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

Table 6

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

Variable	Coefficient	Std. error	t statistic	Prob.
LOGCPI	−4.749147	3.469753	−1.368728	0.1820
LOGGDPPC	15.198557	8.373988	1.814972	0.0803
OPENESS	0.282584	0.149146	1.894679	0.0685
K_L_GROWTH	−0.630044	0.489641	−1.286747	0.2087
EDUEXPGOV	−0.610143	0.367610	−1.659756	0.1081
POLICY	11.771186	4.350514	2.705700	0.0115
C	−67.111181	42.655707	−1.573322	0.1269