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Alternative measure for education variable in an empirical economic growth model: Is primary education less important?

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  • Tin-Chun Lin

    (Indiana University - Northwest)

Abstract

In this paper, an alternative measure of the education variable is proposed in an empirical economic growth model. Taiwan from 1964-2000 is selected as a case study. The main innovation of this paper is the weighting of education inputs by schooling level as an additional input into the application of production. Results reveal that primary education carries the greatest credits in Taiwan's economic development, which suggests that educators and policy makers value the importance of the foundation (i.e., primary education).

Suggested Citation

  • Tin-Chun Lin, 2006. "Alternative measure for education variable in an empirical economic growth model: Is primary education less important?," Economics Bulletin, AccessEcon, vol. 15(15), pages 1-6.
    • Handle: RePEc:ebl:ecbull:eb-06o00056
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    File URL: http://www.accessecon.com/pubs/EB/2006/Volume15/EB-06O00056A.pdf
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    Cited by:

    1. Blanco, Luisa & Grier, Robin, 2012. "Natural resource dependence and the accumulation of physical and human capital in Latin America," Resources Policy, Elsevier, vol. 37(3), pages 281-295.
    2. Magdalena Radulescu & Aleksandra Fedajev & Crenguta Ileana Sinisi & Constanta Popescu & Silvia Elena Iacob, 2018. "Europe 2020 Implementation as Driver of Economic Performance and Competitiveness. Panel Analysis of CEE Countries," Sustainability, MDPI, vol. 10(2), pages 1-20, February.
    3. Panagiotis PEGKAS & Constantinos TSAMADIAS, 2015. "Does Formal Education At All Levels Cause Economic Growth? Evidence From Greece," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 15, pages 9-32, June.
    4. Adejumo, Oluwabunmi O. & Asongu, Simplice A. & Adejumo, Akintoye V., 2021. "Education enrolment rate vs employment rate: Implications for sustainable human capital development in Nigeria," International Journal of Educational Development, Elsevier, vol. 83(C).
    5. Akinola Gbenga Wilfred & Gerry Koye Bokana, 2017. "A Comparative Analysis of Effects of Education on Sub-Saharan Africa's Economic Growth," Journal of Economics and Behavioral Studies, AMH International, vol. 9(4), pages 187-200.
    6. Michael Takudzwa Pasara & Tapiwa Kelvin Mutambirwa & Nolutho Diko, 2020. "The Trivariate Causality among Education, Health, and Economic Growth in Zimbabwe," Sustainability, MDPI, vol. 12(4), pages 1-15, February.
    7. Jangraiz KHAN & Zilakat Khan MALIK, 2015. "Education-Economic Growth Nexus: A Review," Journal of Economic and Social Thought, KSP Journals, vol. 2(2), pages 121-126, June.
    8. Kais Saidi & Chebli Mongi, 2018. "The Effect of Education, R&D and ICT on Economic Growth in High Income Countries," Economics Bulletin, AccessEcon, vol. 38(2), pages 810-825.

    More about this item

    JEL classification:

    • O0 - Economic Development, Innovation, Technological Change, and Growth - - General
    • I2 - Health, Education, and Welfare - - Education

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