The Role of Education in Economic Growth
28 Pages Posted: 8 Dec 2009
Date Written: December 7, 2009
This 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 enrollment ratios, unambiguously influences economic growth. The effect of government expenditure on economic growth is largely indirect through its impact on improved education quality.
Keywords: Economic Growth, Education Quantity, Enrolment, Government Spending on Education, Education Quality, Cross Country
JEL Classification: : O11, O15
Suggested Citation: Suggested Citation