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Comparative Education Review1
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Liu, Chien; Armer, J. Michael – Comparative Education Review, 1993
Uses the multiplicative Cobb-Douglas production function to model Taiwanese economic output, 1953-85, as a function of labor and capital inputs and of measures of educational attainment. Finds that expanding junior high and vocational education met human capital needs and affected economic growth, whereas elitist senior high and tertiary education…
Descriptors: Economic Impact, Educational Attainment, Educational Policy, Elementary Secondary Education