A Survey on the Relationship between Education and Growth with Implications for Developing Asia
Kim, Yong Jin; Terada-Hagiwara, Akiko | December 2010
Abstract
"This paper surveys the empirical and theoretical link between education and growth in the growth process of Asian countries. Particular attention is paid to the link between education and productivity, and to models that characterize key features of growth processes of Asian countries. Empirical studies show that these key features include liability to falling into poverty traps, focusing more on technology adoption rather than creation, technology–skill mismatch, and technology-appropriate capital. The surveyed studies provide policy implications for each of these features as follows. To avoid the poverty trap and for efficient adoption of technologies, accumulation of human capital—specifically general human capital—and width of human capital are crucial. To avoid the technology– skill mismatch, the speed of technology upgrading should be appropriate to take full advantage of learning-by-doing and the earning potential of the current stock of specific human capital. Finally, depending on the stage of development, countries should properly balance investments between general and specific human capital, width and depth of human capital, basic and development research, and primary and secondary and tertiary education."
Citation
Kim, Yong Jin; Terada-Hagiwara, Akiko. 2010. A Survey on the Relationship between Education and Growth with Implications for Developing Asia. © Asian Development Bank. http://hdl.handle.net/11540/1586.ISSN
1655-5252
Keywords
Business Economics
Economics
Regional Economic Development
Women's Education
Technical Education
Rural Education
Quality Education
Levels Of Education
Educational Systems
Educational Statistics
Economic planning
Economic policy
Development assistance
Development cooperation
Economic evaluation
Economic censuses
Development education
Educational development
Educational administration
Educational planning
Comparative economics
Social responsibility of business
Communication in economic development
Consumer education
Foreign trade and employment
Communication in international trade
Economic development projects
Educational exchange
Educational evaluation
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http://hdl.handle.net/11540/1586Metadata
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