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Vocational or university education? A new look at their effects on economic growth

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  • Vu, Tam Bang
  • Hammes, David L.
  • Im, Eric Iksoon

Abstract

This paper shows that the effect of vocational education on economic growth appears to be greater than that of university education. Additionally, the reversed effect of economic growth on vocational education seems to be stronger than on university education.

Suggested Citation

  • Vu, Tam Bang & Hammes, David L. & Im, Eric Iksoon, 2012. "Vocational or university education? A new look at their effects on economic growth," Economics Letters, Elsevier, vol. 117(2), pages 426-428.
    • Handle: RePEc:eee:ecolet:v:117:y:2012:i:2:p:426-428
    DOI: 10.1016/j.econlet.2012.06.027
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    References listed on IDEAS

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    5. Kumar, Krishna B., 2003. "Education And Technology Adoption In A Small Open Economy: Theory And Evidence," Macroeconomic Dynamics, Cambridge University Press, vol. 7(4), pages 586-617, September.
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    Citations

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    Cited by:

    1. Chu, Shuai & Liu, Xiangbo, 2021. "Do research universities boost regional economic development? - Evidence from China," GLO Discussion Paper Series 748, Global Labor Organization (GLO).
    2. Yue Chen & Yuantao Jiang & Aibing Zheng & Yunzhu Yue & Zhi-Hua Hu, 2023. "What Research Should Vocational Education Colleges Conduct? An Empirical Study Using Data Envelopment Analysis," Sustainability, MDPI, vol. 15(12), pages 1-18, June.
    3. Eric Im & Gene Johnson & Tam Vu, 2017. "Vocational Education, Per Capita Income, and Employment in the US," Business and Economic Research, Macrothink Institute, vol. 7(2), pages 392-403, December.
    4. Thomas Brenner & Daniel Lee, 2014. "Weather Conditions and Economic Growth - Is Productivity Hampered by Climate Change?," Working Papers on Innovation and Space 2014-06, Philipps University Marburg, Department of Geography.
    5. Dan He & Manxin Zheng & Wei Cheng & Yui-yip Lau & Qingmei Yin, 2019. "Interaction between Higher Education Outputs and Industrial Structure Evolution: Evidence from Hubei Province, China," Sustainability, MDPI, vol. 11(10), pages 1-19, May.
    6. Borsi, Mihály Tamás & Valerio Mendoza, Octasiano Miguel & Comim, Flavio, 2022. "Measuring the provincial supply of higher education institutions in China," China Economic Review, Elsevier, vol. 71(C).
    7. Xun Li & Rigoberto A. Lopez, 2015. "Do Brand Advertising Spillovers Matter?," Agribusiness, John Wiley & Sons, Ltd., vol. 31(2), pages 229-242, April.
    8. Arman Pourghaz & Ehsan Bahrami Samani & Babak Shokri, 2023. "Analysis of the impact of research output on economic growth with using a multivariate random effects model," Scientometrics, Springer;Akadémiai Kiadó, vol. 128(4), pages 2259-2282, April.
    9. Tam Bang Vu & Eric Iksoon Im & Ashley Bulseco-McKim, 2014. "What Kind of Education is good For US Productivity? Community Colleges versus Universities," Journal of Empirical Economics, Research Academy of Social Sciences, vol. 2(4), pages 204-215.

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    More about this item

    Keywords

    Economic growth; Simultaneity; Vocational education;
    All these keywords.

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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