Impact of Education on Economic Growth of Senegal

Economic theory tells us that if a country increases its level of education, we would expect to observe a rise in its income or GDP (gross domestic product). The reasoning behind the theory is this: when people are educated, they gain knowledge that transforms them into skilled labor. This skilled labor, when properly put into use, makes the various sectors of the economy more productive and efficient, and ultimately promotes a rise in the overall income level. The main objective of this research paper is to evaluate this relationship in the case of Senegal by using a model that combines two economic theories. The first theory was developed by Charles Jones in his book Introduction to Economic Growth (1998). The second one resulted from the work of three economists who are Mankiw, Romer and Weil (“A Contribution to the Empirics of Economic Growth”- 1992)