Most analyses of teacher quality end without any assessment of the economic value of altered teacher quality. This paper combines information about teacher effectiveness with the economic impact of higher achievement. It begins with an overview of what is known about the relationship between teacher quality and student achievement. This provides…

We evaluate the contribution of investment on education to Sri Lanka's economic growth during the period 1959-2008. Physical capital, economic policy changes and the ethnic war are also evaluated due to their substantial importance. This study uses a framework encompassing both the neoclassical and endogenous growth model. The impact of education…

This paper challenges Hanushek and Woessmann's (2008) contention that the quality and not the quantity of schooling determines a nation's rate of economic growth. I first show that their statistical analysis is flawed. I then show that when a nation's average test scores and average schooling attainment are included in a national income model,…

We decompose annual average years of schooling series for Portugal into different schooling levels series. By estimating a number of vector autoregressions, we provide measures of aggregate and disaggregate economic growth impacts of different education levels. Increasing education at all levels except tertiary has a positive and significant…

Because entrepreneurial activity is a key source of economic growth, promoting youth entrepreneurship has become a priority for policymakers. School choice programs force administrators and teachers to be more entrepreneurial in their jobs by encouraging innovation and by creating competition and a more business-like environment in K-12 education.…

This paper constructs an intertemporal substitution educational model based on endogenous growth theory and examines the rural education, farmer income and rural economic growth problems in China. It shows that the households originally with the same economic endowment but different education endowment take different growth routes, the income…

Rapid economic growth and improving living standards have benefited almost all regions of the world since the industrial revolution. Africa stands out as one regional exception. While several factors such as civil wars and rampant corruption have been associated with poor economic performance of the African region in the international community,…

Using pooled data from eight U.S. censuses (primarily state-level and university county-level variables), this study finds a significant positive effect of university community size on state aggregate personal income growth. Weaker effects are found on state employment growth (positive) and state population growth (negative). States might leverage…

Surveys research on the role of schooling and human capital in fostering productivity and economic growth. Argues that the returns to human capital are extremely large, compared with returns to most types of physical capital. Urges increased grants by international donors for investment in primary schooling. Includes 18 notes. (MLH)

Uses large-scale survey data to analyze status of vocational training among firms in Taiwan. Vocational training in Taiwan, not widely practiced, needs to be strengthened. Factors relevant to training costs, such as labor turnover rates, and factors relevant to training benefits, such as concentration ratios, labor productivity (salary), and…

This paper considers the relation of education and of scientific and technical knowledge developed through research and development to labor productivity growth within the medium term. The empirical significance of sources of productivity growth is tested using data for the United States and 14 other nations. (Author/MLF)

Presents a summary of research on key aspects of the indirect effects of expanding education from grade six through grade nine, followed by a comprehensive analysis of social rates of return to investment in all levels of education in Indonesia and underemployment in urban and rural areas. (three figures, nine tables, 33 references) (MLF)

Applies production functions with education externalities to East Asia, testing for net effects of policy differences concerning enrollments vs. expenditures and for feedbacks through education's effects on rates of physical and capital investment. Since most countries had universal primary education early, the rate of secondary-education…

Using Botswana labor force census data plus surveys of qualified manual workers, this article analyzes the impact of training on earnings and calculates the rates of return to both general schooling and preemployment vocational training. Returns show a similar structure for both types of instruction. All exceed 20 percent. (10 references) (MLH)

The framework of an aggregate production function shows that growth of human capital is both a condition and a consequence of economic growth. The concurrent growth and diffusion of human capital, involving production of new knowledge, appears necessary to ensure sustained economic development worldwide. (TE)