An Empirical Study on the Relationship between Education and Economic Development Based on PVAR Model

Table 3

GMM estimation results of the PVAR model.

Area	Variable	h_eco		h_edu
		Coef.	t	Coef.	t
Whole country	L1.h_eco	1.358	−5.04	0.682	−3.26
	L1.h_edu	0.12	−1.06	0.372	−2.62
	L2.h_eco	0.968	−4.28	0.624	−3.12
	L2.h_edu	−0.329	−2.67	0.186	−3.68
	L3.h_eco	0.657	−3.18	0.274	−2.68
	L3.h_edu	0.682	−4.34	0.319	−1.57
	L4.h_eco	0.828	−3.34	0.457	−2.36
	L4.h_edu	−0.003	−0.02	0.081	−0.79
East	L1.h_eco	0.748	−4.02	0.717	−3.52
	L1.h_edu	−0.249	−1.05	0.293	−0.93
	L2.h_eco	0.379	−2.13	0.589	−2.3
	L2.h_edu	0.338	−1.45	0.212	−0.78
	L3.h_eco	1.429	−5.87	1.329	−4.26
	L3.h_edu	−0.710	−4.02	−0.639	−3.15
	L4.h_eco	1.564	−6.68	1.576	−5.38
	L4.h_edu	−0.177	−1.35	0.116	−0.64
Central	L1.h_eco	0.429	−2.82	−0.32	−0.56
	L1.h_edu	0.812	−2.7	−2.412	−2.38
	L2.h_eco	−2.312	−3.24	2.977	−1.03
	L2.h_edu	0.131	−1.08	−0.052	−0.26
	L3.h_eco	−0.055	−0.28	−0.209	−0.45
	L3.h_edu	−0.130	−0.54	−0.35	−0.43
	L4.h_eco	0.612	−3.67	−1.716	−2.38
	L4.h_edu	−0.366	−2.69	1.245	−2.52
West	L1.h_eco	0.539	−2.6	−0.454	−0.99
	L1.h_edu	0.031	−0.18	0.781	−2.42
	L2.h_eco	0.716	−8.83	0.314	−2.24
	L2.h_edu	−0.054	−0.36	0.782	−2.59
	L3.h_eco	−0.256	−1.43	0.845	−1.96
	L3.h_edu	1.167	−12.33	0.492	−3.32
	L4.h_eco	0.798	−2.45	−2.433	−3.64
	L4.h_edu	−0.186	−0.81	1.069	−2.14