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Effects of Primary, Secondary and Tertiary Education on Economic Growth

Effects of Primary, Secondary and Tertiary Education on Economic Growth
Author: Josef L. Loening
Publisher:
Total Pages:
Release: 2012
Genre:
ISBN:

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Loening investigates the impact of human capital on economic growth in Guatemala during 1951-2002 using an error-correction methodology. The results show a better-educated labor force having a positive and significant impact on economic growth. Consistent with microeconomic studies for Guatemala, primary and secondary education are most important for productivity growth. These findings are robust while changing the conditioning set of the variables, controlling for data issues and endogeneity. Due to an environment of social and political conflict, however, total factor productivity has been slightly negative for the past decades, and there is evidence of a missing complementarily between the country's skills and its technology base. The author presents a growth-accounting framework which takes into account quality changes of physical capital, and differentiates by level of education. It shows that the human capital variables explain more than 50 percent of output growth. Of these, secondary schooling is the predominant determinant of growth.


Effects of Primary, Secondary, and Tertiary Education on Economic Growth

Effects of Primary, Secondary, and Tertiary Education on Economic Growth
Author: Josef L. Loening
Publisher: World Bank Publications
Total Pages: 80
Release: 2005
Genre: Academic achievement
ISBN:

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Abstract: "Loening investigates the impact of human capital on economic growth in Guatemala during 1951-2002 using an error-correction methodology. The results show a better-educated labor force having a positive and significant impact on economic growth. Consistent with microeconomic studies for Guatemala, primary and secondary education are most important for productivity growth. These findings are robust while changing the conditioning set of the variables, controlling for data issues and endogeneity. Due to an environment of social and political conflict, however, total factor productivity has been slightly negative for the past decades, and there is evidence of a missing complementarily between the country's skills and its technology base. The author presents a growth-accounting framework which takes into account quality changes of physical capital, and differentiates by level of education. It shows that the human capital variables explain more than 50 percent of output growth. Of these, secondary schooling is the predominant determinant of growth."--World Bank web site.


Investment in Primary, Secondary, and Higher Education and the Effects on Economic Growth

Investment in Primary, Secondary, and Higher Education and the Effects on Economic Growth
Author: Katarina R. I. Keller
Publisher:
Total Pages: 0
Release: 2007
Genre:
ISBN:

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This author analyzes the effects of primary, secondary, and higher education on per capita growth for flow measures of education: enrollment rates, public expenditures, and expenditures per student. Worldwide panels since 1960 and developing and developed country subsamples are examined. Secondary and higher education enrollment rates and expenditures per student in lower education stages and primary overall demonstrate significance. Public higher education expenditures overall and per student are disadvantageous. This study recommends raising enrollment rates and prioritizing public expenditures toward lower education stages, while ensuring that expenditures per student keep up with increases in student cohorts. Indirect effects of education are explored.


Education Matters

Education Matters
Author: Robert J. Barro
Publisher: Oxford University Press
Total Pages: 305
Release: 2015-06-09
Genre: Business & Economics
ISBN: 0199379246

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Education has significant and far-reaching effects not only on individuals, but also on the societies in which they live and to which they contribute. The education level of a population affects how a country supports itself and others and the degree to which it can participate in the global field. While everyone from politicians to policymakers to celebrities has stressed the importance of education, there has not been-until now-a vigorous yet comprehensible examination of data to support what has long been common knowledge: education matters. In Education Matters: Global Gains from the 19th to the 21st Century, renowned economists Robert Barro and Jong-Wha Lee present a revolutionary new data set on education in 146 countries since 1870 and projected through 2040. With case studies from the United States, China, and Korea, Barro and Lee evaluate schooling both quantitatively and qualitatively, and assess the role of education in economic and political development. In this comprehensive study, the authors establish the critical role that education plays - particularly for women and girls - in economic growth, fertility, and democracy. The book also addresses sensitive and controversial topics, such as international disparities in education, and the role of education in modernization and development. Both challenging and enlightening, Education Matters has exciting implications for the future of education and promises to be a ground-breaking work in the fields of economics and educational attainment. Engaging and informative, Education Matters is a compelling read for students, scholars, and anyone with a passion for education.


Education and Its Relation to Economic Growth, Poverty, and Income Distribution

Education and Its Relation to Economic Growth, Poverty, and Income Distribution
Author: Jandhyala B. G. Tilak
Publisher:
Total Pages: 134
Release: 1989
Genre: Business & Economics
ISBN:

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This paper presents an extensive survey of empirical research evidence on the role of education in economic growth, poverty and income distribution. The author presents new analysis of more recent cross nation data on education and income distribution. The analysis uses lagged variables on education which reconfirms some of the well established theses on the role of education in improving income distribution. It also indicates that with significant improvements in educational levels, the threshold level of education to significantly contribute to income distribution could change from primary to secondary education. The author also questions some of the doubts expressed by critics in this context and reasserts that, on the whole, education is an important policy instrument that can be looked upon with hope towards improving inequities.


Higher Education and Economic Growth

Higher Education and Economic Growth
Author: William E. Becker
Publisher: Springer Science & Business Media
Total Pages: 206
Release: 1993
Genre: Business & Economics
ISBN: 9780792392354

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This book addresses topics related to the role of post-secondary education in national economic development within the United States. The chapters summarize the research literature and synthesize what economists and other social scientists have learned about the contribution of higher education to economic growth. Attention is given to the research, teaching and service missions of higher education in stimulating economic growth and development. This book focuses on the economic and social gains to the nation as a whole and follows up on The Economics of American Higher Education edited by Becker and Lewis (Kluwer Academic Publishers, 1992), which dealt primarily with the effects of higher education on the gains of individuals.


Education, Skills, and Technical Change

Education, Skills, and Technical Change
Author: Charles R. Hulten
Publisher: University of Chicago Press
Total Pages: 528
Release: 2018-12-26
Genre: Business & Economics
ISBN: 022656780X

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Over the past few decades, US business and industry have been transformed by the advances and redundancies produced by the knowledge economy. The workplace has changed, and much of the work differs from that performed by previous generations. Can human capital accumulation in the United States keep pace with the evolving demands placed on it, and how can the workforce of tomorrow acquire the skills and competencies that are most in demand? Education, Skills, and Technical Change explores various facets of these questions and provides an overview of educational attainment in the United States and the channels through which labor force skills and education affect GDP growth. Contributors to this volume focus on a range of educational and training institutions and bring new data to bear on how we understand the role of college and vocational education and the size and nature of the skills gap. This work links a range of research areas—such as growth accounting, skill development, higher education, and immigration—and also examines how well students are being prepared for the current and future world of work.


Sharing Higher Education's Promise beyond the Few in Sub-Saharan Africa

Sharing Higher Education's Promise beyond the Few in Sub-Saharan Africa
Author: Peter Darvas
Publisher: World Bank Publications
Total Pages: 186
Release: 2017-11-15
Genre: Education
ISBN: 1464810516

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Despite a spectacular expansion of the higher education sector in Sub-Saharan Africa, the supply of tertiary education has generally failed to keep pace with demand and the region continues to lag all other regions in terms of access to tertiary education. This is in part a consequence of deeply entrenched patterns of inequitable access to higher education, and the perpetuation of what researchers refer to as “elite systems†?. To date, access to tertiary education in Sub-Saharan Africa has unduly benefitted students drawn from the region’s wealthiest households, and overall enrollment remains disproportionately male, and metropolitan. These factors stifle the catalytic potential of higher education, corroding its potential for driving economic growth and sustaining poverty reduction. Instead, patterns of access to tertiary education have generally reinforced and reproduced social inequality, instead of eroding its pernicious social and economic effects. This report aims to inform an improved understanding of equity in tertiary enrollment in Sub-Saharan African countries, and to examine the extent to which inequity functions as a bottleneck inhibiting the ability of African universities to effectively drive improvements in overall quality of life and economic competitiveness. In our survey of the evidence, we also aim to identify which policies most effectively address the challenge of promoting equity of access in SSA tertiary education systems. In order to achieve these objectives, the report collects, generates and analyzes empirical evidence on patterns of equity, examines the underlying causes of inequity, and evaluates government policies for addressing inequity.