FACTORS INFLUENCING YEARS OF SCHOOLING IN BANGLADESH

Abstract

This paper using the data from 1990 to 2016 and studies the long and short-run relationship between the "Expected years of schooling", "family income" and "family size". The Vector-Error Correction approach used for the study of the long and short-run relationship between the “expected years of schooling”, “family income” and “family size”, the Johansen Cointegration test and Granger casualty Wald test is applied to confirm the results. This study notes that the long-run relationship exists between "expected years of schooling", "family income" and "family size" in the context of Bangladesh with the proof from the significance level of the Granger-Wald test. Using the VECM and this paper revealed that the "expected years of schooling" has long run relationship with "family income" and "family sizes". Outcomes confirm that we can expect the future action of the “expected years of schooling” by examining the trends of “family income” and “family size” variables.