The Role of Education in Economic Growth
AbstractThis study examines the effect of the quantity and quality of education on economic growth. Using a number of proxy variables for the quantity and quality of education in a cross section of low and medium income countries, this study finds that education quantity when measured by enrolment ratios, unambiguously influences economic growth. The effect of government expenditure on economic growth is largely indirect through its impact on improved education quality.
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Bibliographic InfoPaper provided by School of Economics, University of Wollongong, NSW, Australia in its series Economics Working Papers with number wp10-14.
Length: 29 pages
Date of creation: 2010
Date of revision:
Contact details of provider:
Postal: School of Economics, University of Wollongong, Northfields Avenue, Wollongong NSW 2522 Australia
Phone: +612 4221-3659
Fax: +612 4221-3725
Web page: http://business.uow.edu.au/econ/index.html
More information through EDIRC
Economic Growth; Education Quantity; Enrolment; Government Spending on Education; Education Quality; Cross Country;
Find related papers by JEL classification:
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-01-03 (All new papers)
- NEP-CWA-2011-01-03 (Central & Western Asia)
- NEP-EDU-2011-01-03 (Education)
- NEP-FDG-2011-01-03 (Financial Development & Growth)
- NEP-HRM-2011-01-03 (Human Capital & Human Resource Management)
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- Goldbach, Stefan, 2012.
"Innovation and Education: Is there a ‘Nerd Effect’?,"
Darmstadt Discussion Papers in Economics
56008, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute of Economics (VWL).
- Goldbach, Stefan, 2012. "Innovation and Education: Is there a 'Nerd Effect'?," Annual Conference 2012 (Goettingen): New Approaches and Challenges for the Labor Market of the 21st Century 62307, Verein für Socialpolitik / German Economic Association.
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