Public Education's Contribution to Economic Growth in Iran: an Application of ARDLmodel

This paper used the data from the period 1966-2014 to study empiricallythe role of public formal education on Iran's economic growth in the short and long terms using auto regressive distributed lag model (ARDL). Theeconometric findings indicate the significant, positive impact of Public education on economic growth in Iran in short-term and long-term, and it also reveals that long-term impact is greater thanthat of short-term.The impact of human capital on economic growth is less than the effect of physical capital