Education and Development: Measuring the Social Benefits
AbstractThis book develops a new approach to measuring the total returns to human resource development through investment in education. Drawing on microanalytic foundations, it uses regional and worldwide data to estimate the net marginal contributions of education and new knowledge both to economic growth and to wider effects on democratization, human rights, political stability, health, longevity, net population growth rates, reduction of poverty, inequality in income distribution, crime, drug use, and the environment. Externalities including indirect and delayed effects are identified and measured for these market and non-market returns. The total impacts of education policy changes on endogenous development are then estimated for several East Asian, Latin American, African, and industrialized nations using an interactive model. This new approach is important to industrialized and developing countries alike. The diffusion of knowledge and the adaptation of new techniques has been identified as crucial to the growth process in the new endogenous growth models, and is of increasing strategic importance in current knowledge-based globalizing economies. Similarly, the non-monetary returns from education are important in improving human welfare. Measurement of these non-market returns is a crucial but much neglected subject. It has proved frustrating, and existing microanalytic measures have proved piecemeal. The new approach developed here offers some comprehensive estimates and simulation techniques for finding more cost-effective policies, and also suggests new hypotheses for further microanalytic testing.
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Bibliographic InfoThis book is provided by Oxford University Press in its series OUP Catalogue with number 9780199250721 and published in 2002.
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- Azam, Mehtabul & Kingdon, Geeta, 2011.
"Are Girls the Fairer Sex in India? Revisiting Intra-Household Allocation of Education Expenditure,"
IZA Discussion Papers
5706, Institute for the Study of Labor (IZA).
- Azam, Mehtabul & Kingdon, Geeta Gandhi, 2013. "Are Girls the Fairer Sex in India? Revisiting Intra-Household Allocation of Education Expenditure," World Development, Elsevier, vol. 42(C), pages 143-164.
- Mehtabul Azam and Geeta Gandhi Kingdon, 2011. "Are girls the fairer sex in India? Revisting intra-household allocation of education expenditure," Economics Series Working Papers WPS/2011-10, University of Oxford, Department of Economics.
- Mehtabul Azam & Geeta Kingdon, 2011. "Are girls the fairer sex in India? Revisiting intra-household allocation of education expenditure," CSAE Working Paper Series 2011-10, Centre for the Study of African Economies, University of Oxford.
- Mehtabul Azam & Geeta Kingdon, 2011. "Are girls the fairer sex in India? Revisiting intra-household allocation of education expenditure," DoQSS Working Papers 11-03, Department of Quantitative Social Science - Institute of Education, University of London.
- Kamakshya Trivedi, 2006. "Educational human capital and levels of income: Evidence from states in India, 1965�-�92," Journal of Development Studies, Taylor & Francis Journals, vol. 42(8), pages 1350-1378.
- Kwabena Gyimah-Brempong & Oliver Paddison & Workie Mitiku, 2006. "Higher education and economic growth in Africa," Journal of Development Studies, Taylor & Francis Journals, vol. 42(3), pages 509-529.
- Daren, Conrad, 2007. "Education and Economic Growth: Is There a Link?," MPRA Paper 18176, University Library of Munich, Germany, revised 2009.
- Gergely Harsányi & Szilvia Vincze, 2012. "Characteristics of Hungarian Higher Education in an International Perspective," Public Finance Quarterly, State Audit Office of Hungary, vol. 57(2), pages 213-233.
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