The economy's need for workers originates in the demand for the goods and services that these workers provide. So, to project employment, BLS starts by estimating the components of gross domestic product (GDP) for 2020. GDP is the value of the final goods produced and services provided in the United States. Then, BLS estimates the size--in…

This paper examines the impact of education on economic growth in Greece over the period 1960-2000 by applying the model introduced by Mankiw, Romer, and Weil. The findings of the empirical analysis reveal that education had a positive and statistically significant effect on economic growth in Greece over the period 1960-2000. The econometric…

Why should individuals care about innovation? One reason is because it can help to make life better. More specifically, governments, enterprises and training institutions see innovation as having the potential to increase productivity and, down the track, to increase prosperity for Australia. As far back as 1934, the influential economist Joseph…

Canada weathered the global economic crisis well, mainly reflecting sustained growth in domestic pending, and the economy is continuing to grow despite the persistence of international turbulence, most recently stemming from the euro zone sovereign debt crisis. In Canada's case, several factors are acting in its favour. Federal fiscal plans are…

Universities today are increasingly being viewed in terms of serving the purpose of economic development. This paper postulates that their chief purpose is to advance knowledge and that in doing so they effectuate regional economic growth and development through processes specified in the endogenous economic growth model. To achieve this purpose…

The momentum behind high-quality, voluntary pre-kindergarten is growing dramatically across the country--in families, in communities, and in the halls of academia and government. Thanks to this strong wave of support, state spending on pre-k increased from $2.4 billion to $4.2 billion nationwide between 2002 and 2007. This investment is built upon…

THIS CONDENSED TRANSCRIPT OF A SEMINAR DEVOTED TO A REVIEW OF ECONOMIC AND INDUSTRIAL CHANGE CONTAINS THE ADDRESS OF THE PRINCIPAL SPEAKER AND SOME SUBSEQUENT DISCUSSION. THE ADDRESS EXAMINES MAJOR RECENT TRENDS IN THE GROSS NATIONAL PRODUCT, IN PRIVATE INVESTMENT AND GOVERNMENT EXPENDITURES, IN THE LABOR FORCE AND EMPLOYMENT PATTERNS, AND IN…

This examination of implications of African economic conditions for educational policy considers problems which arise in the attempt to relate economic circumstances to education. The first of three parts compares product levels of about 50 African countries with selected developed countries and a number of developing countries outside Africa,…

Health care has become a leading growth sector of the economy, and a large part of that growth has its origin in the research generated by faculty in academic health centers. This paper discusses an effective program for translating academic health center research into economic development based upon observations at 12 centers. Topics included…

Competitiveness is viewed as an umbrella for such concerns as trade and budget deficits, savings and investment rates, real wage growth, productivity growth, and retraining of dislocated workers. The main reason for interest in competitiveness in the United States now, it is suggested, is the recent massive U.S. trade deficit. The view is stressed…

Canada is facing a new set of challenges. The first challenge facing Canada is the rising economic power of countries such as India and China. These countries have traditionally competed on the basis of their large, low-cost labour pools, but are now making major investments to insert themselves into knowledge-intensive, high value-added sectors.…

This book serves as a "playbook" to help business leaders and educators understand, build, and adapt to the changes converging upon them from an emerging information-rich global economy. The book uses football as a metaphor to understand the obstacles to becoming successful in today's changing economy. This football metaphoric theme is…

This selective bibliography provides annotated references for 1,200 books and articles published between 1976 and 1978 which concern productivity--the relation between physical output and input. Publications deal with concepts and methods; measurement of levels and trends; the sources of productivity change (such as technology and research); the…

This study examines how public factors of production fit into the production process and also determines the degree of scarcity of these factors in a rural area of Colombia. Suggestions are offered by which public factors might be increased or improved by institutional reorganization and modern administration in cases where they are found to be…

Sustained investment in science and engineering research and education in universities in the United States is advocated as a means of progressing economically. Information related to economic advancement is provided through summaries of recent trends in research, education, and economics. Ideas and data are reviewed in reference to: (1) the need…