Affiliation:
1. Usak University, Turkey
2. Bandırma Onyedi Eylül University, Turkey
Abstract
Human development is among the major priorities of the country. Therefore, the driving factors of human development are important for the design of optimal policies. In this context, this chapter analyzes the causal relationship between education and human development in the BRICS states over the period of 1990-2021 by means of asymmetric causality test. The results of the asymmetric causality test uncover a bidirectional causal relationship between education and human development in case of both negative and positive shocks.