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The role of education in economic development: a theoretical perspective

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  • Ozturk, Ilhan

Abstract

Education in every sense is one of the fundamental factors of development. No country can achieve sustainable economic development without substantial investment in human capital. Education enriches people’s understanding of themselves and world. It improves the quality of their lives and leads to broad social benefits to individuals and society. Education raises people’s productivity and creativity and promotes entrepreneurship and technological advances. In addition it plays a very crucial role in securing economic and social progress and improving income distribution.

Suggested Citation

  • Ozturk, Ilhan, 2001. "The role of education in economic development: a theoretical perspective," MPRA Paper 9023, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:9023
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    File URL: https://mpra.ub.uni-muenchen.de/9023/1/MPRA_paper_9023.pdf
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    References listed on IDEAS

    as
    1. Grossman, G.M. & Helpman, E., 1989. "Growth And Welfare In A Small Open Economy," Papers 15-89, Tel Aviv.
    2. Ben-David, Dan & Loewy, Michael B, 1995. "Free Trade and Long-Run Growth," CEPR Discussion Papers 1183, C.E.P.R. Discussion Papers.
    3. Behrman, Jere R. & Wolfe, Barbara L., 1987. "How does mother's schooling affect family health, nutrition, medical care usage, and household sanitation?," Journal of Econometrics, Elsevier, vol. 36(1-2), pages 185-204.
    4. Psacharopoulos, George, 1994. "Returns to investment in education: A global update," World Development, Elsevier, vol. 22(9), pages 1325-1343, September.
    5. Wood, Adrian, 1995. "North-South Trade, Employment and Inequality: Changing Fortunes in a Skill-Driven World," OUP Catalogue, Oxford University Press, number 9780198290155.
    6. Birdsall, Nancy, 1993. "Social development is economic development," Policy Research Working Paper Series 1123, The World Bank.
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    Citations

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    Cited by:

    1. Catalin Chiriac, 2010. "Human Capital And Education For Sustainable Development In A Global World," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 2(4), pages 11-19, December.
    2. Ozturk, Ilhan, 2002. "Economic and social issues of east and southeast turkey: policy implications," MPRA Paper 1582, University Library of Munich, Germany.
    3. repec:ibn:ijefaa:v:9:y:2017:i:10:p:136-144 is not listed on IDEAS
    4. Nurlan Kurmanov & Amangeldy Dogalov & Sungat Toktasynov & Assem Baktymbet & Saule Baktymbet & Assel Rakhimbekova & Aizhan Satbayeva, 2017. "Innovation Process Management as the Basis of Enterprise Development," International Review of Management and Marketing, Econjournals, vol. 7(1), pages 458-464.
    5. Vatroslav Zovko, 2014. "Long Range Prospects of Education - from Now until Singularity," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 12(2), pages 161-175.
    6. Karagiannis, Dimitris & Metaxas, Theodore, 2017. "Local Authorities’ contribution on Gastronomy Tourism Development: the case of Ontario, Canada," MPRA Paper 79325, University Library of Munich, Germany.
    7. Alexander Cotte Poveda, 2013. "The relationship between development, investments, insecurity and social conditions in Colombia: a dynamic approach," Quality & Quantity: International Journal of Methodology, Springer, vol. 47(5), pages 2769-2783, August.
    8. Tudose Mihaela Brindusa & Cadiş Mihaela Narciza, 2013. "The Role Of Education In The Economic Development," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 85-92, August.

    More about this item

    Keywords

    Human Development; Economic Growth; Poverty; Labour Productivity; Education; Technology; Trade; Health;

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • I2 - Health, Education, and Welfare - - Education
    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists

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