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Education, structural change and economic development

Author

Listed:
  • Pier-Paolo Saviotti

    (Faculty of Geosciences, Utrecht University - Faculty of Geosciences, GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur)

  • Andreas Pyka

    (Universität Hohenheim = University of Hohenheim)

  • Bogang Jun

    (Universität Hohenheim = University of Hohenheim)

Abstract

In this paper we explore the role that can be played by education in economic development using a model called TEVECON. Within the population of our economic system we distinguish two different social classes which differ for their level and quality of education and, as a consequence, for their human capital, wages and income per head. We vary the investment in education as a share of total investment, the share of investment in education allocated to each social class, and the quality of education each class receives. We show that while education can exert a positive effect on social mobility by increasing the population share of the upper social class it also leads to a tradeoff between income inequality and the rate of growth of income. These results are obtained based only on education and do not take into account any wealth effects.

Suggested Citation

  • Pier-Paolo Saviotti & Andreas Pyka & Bogang Jun, 2016. "Education, structural change and economic development," Post-Print hal-02097591, HAL.
    • Handle: RePEc:hal:journl:hal-02097591
    DOI: 10.1016/j.strueco.2016.04.002
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    Cited by:

    1. Irina Gladilina & Anatoliy Yu. Belogurov & Anatoly Vladimirovich Zavrazhin & Irina Vladimirovna Shubina & Dmitry Yurievich Bryukhanov, 2017. "Modern Approaches to Assessing the Learners’ Achievements in Training Programs in Economics," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 531-541.
    2. Seung Hwan Kim & Jeong hwan Jeon & Anwar Aridi & Bogang Jun, 2022. "Factors that affect the technological transition of firms toward the industry 4.0 technologies," Papers 2209.02239, arXiv.org.
    3. O. S. Sukharev & E. N. Voronchikhina, 2020. "Structural growth policy in Russia: Resources, technology-intensity, risk, and industrialisation," Journal of New Economy, Ural State University of Economics, vol. 21(1), pages 29-52, March.
    4. Habibi, Fateh & Zabardast, Mohamad Amjad, 2020. "Digitalization, education and economic growth: A comparative analysis of Middle East and OECD countries," Technology in Society, Elsevier, vol. 63(C).
    5. Maria Elisa Farias & Javier Scavia & Raúl Fuentes, 2019. "Bridging the Gaps: Credits, Adoption, and Inequality," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(5), pages 1355-1401, August.
    6. Vitaliy Vladimirovich Kovalev & Valeriy Vasilyevich Kasyanov & Yury Sergeevich Bortsov & Andrey Yurievich Goloborod’ko & Tatyana Dmitrievna Skudnova, 2017. "The Increase in Geopolitical Competition as a Challenge (threat) to Russia's National Security," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 499-508.
    7. Pier-Paolo Saviotti & Andreas Pyka¤ & Bogang Jun, 2020. "Diversification, structural change, and economic development," Journal of Evolutionary Economics, Springer, vol. 30(5), pages 1301-1335, November.
    8. World Bank, 2023. "Manufacturing Firm Diversification into Industry 4.0 Technologies," World Bank Publications - Reports 40246, The World Bank Group.
    9. Bui, Tuan Anh & Nguyen, Cuong Viet & Nguyen, Khuong Duc & Nguyen, Ha Hong & Pham, Phuong Thu, 2020. "The effect of tuition fee reduction and education subsidy on school enrollment: Evidence from Vietnam," Children and Youth Services Review, Elsevier, vol. 108(C).
    10. Oleg Sukharev, 2021. "Measuring the Contribution of the “Knowledge Economy” to the Economic Growth Rate: Comparative Analysis," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(4), pages 1809-1829, December.
    11. Xiaoye Liu & Kedong Yin & Yun Cao, 2021. "Contribution of the Optimization of Financial Structure to the Real Economy: Evidence from China’s Financial System Using TVP-VAR Model," Mathematics, MDPI, vol. 9(18), pages 1-21, September.
    12. Emilie Le Caous & Fenghueih Huarng, 2020. "Economic Complexity and the Mediating Effects of Income Inequality: Reaching Sustainable Development in Developing Countries," Sustainability, MDPI, vol. 12(5), pages 1-26, March.
    13. Ferraz, Diogo & Moralles, Hérick Fernando & Suarez Campoli, Jéssica & Ribeiro de Oliveira, Fabíola Cristina & do Nascimento Rebelatto, Daisy Aparecida, 2018. "Economic Complexity and Human Development: DEA performance measurement in Asia and Latin America," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 25(4), pages 839-853.

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