Assessing The Linkage Between Vocational Education And Economic Growth Using Autoregression Analysis: Evidence From India

Abstract

The focus of Sustainable Development Goal is to provide opportunities for lifelong learning and equip individuals with practical skills through high-quality technical and vocational education. This study delves into the connection between vocational education and economic development and growth in India, with a focus on employment, capital formation, and productivity. Using an autoregression analysis and statistical models, the research examines the long-term impact of vocational education on these variables from 1993 to 2021. The results show that there is a significant and substantial link between vocational and skill development education and production, and between vocational and skill development and capital formation. The study advised that increasing access to vocational education can lead to economic development and growth and contribute to human development in India by boosting capital formation.