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Education and Economic Development in India

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  • Monojit Chatterji

Abstract

This brief survey examines the returns to education in India , and then examines the role of education on both economic growth and economic development with particular reference to India. Throughout, the objective is to draw out the implications of the empirical results for education policy. The results suggest that female education is of particular importance in India. They also suggest that perhaps because of the externalities it generates, primary education is more important than might be deduced from its relatively low private rate of return.

Suggested Citation

  • Monojit Chatterji, 2008. "Education and Economic Development in India," Dundee Discussion Papers in Economics 210, Economic Studies, University of Dundee.
    • Handle: RePEc:dun:dpaper:210
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    File URL: http://www.dundee.ac.uk/media/dundeewebsite/economicstudies/documents/discussion/DDPE_210.pdf
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    References listed on IDEAS

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    1. R. Nagaraj & A. Varoudakis & M.-A. Véganzonès, 2000. "Long-run growth trends and convergence across Indian States," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(1), pages 45-70.
    2. Self, Sharmistha & Grabowski, Richard, 2004. "Does education at all levels cause growth? India, a case study," Economics of Education Review, Elsevier, vol. 23(1), pages 47-55, February.
    3. Monojit Chatterji & Paul T. Seaman & Larry D. Singell Jr., 2003. "A test of the signalling hypothesis," Oxford Economic Papers, Oxford University Press, vol. 55(2), pages 191-215, April.
    4. Monojit Chatterji, 1998. "Tertiary Education and Economic Growth," Regional Studies, Taylor & Francis Journals, vol. 32(4), pages 349-354.
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    Cited by:

    1. Abdalali Monsef & Abolfazl Shahmohammadi Mehrjardi, 2015. "Investigation Development Degree of Esfahan Province of Iran in Terms of Educational Indices," International Journal of Asian Social Science, Asian Economic and Social Society, vol. 5(1), pages 37-44, January.
    2. Sayantan Ghosh Dastidar & Sushil Mohan & Monojit Chatterji, 2012. "The relationship between public education expenditure and economic growth: The case of India," Dundee Discussion Papers in Economics 273, Economic Studies, University of Dundee.
    3. Roy, Chandan, 2011. "A study on the dropout problem of primary education in Uttar Dinajpur, West Bengal, India," MPRA Paper 40319, University Library of Munich, Germany.
    4. R Veerachamy & R Dinesh Kannan, 2018. "A Study on Educational Status in India," Shanlax International Journal of Economics, Shanlax Journals, vol. 6(2), pages 66-78, March.

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    More about this item

    Keywords

    education; economic growth; economic development;
    All these keywords.

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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