Education as a Social Good for Economic Growth in Hawaii

Tam Bang Vu, Calvin Luscombe and Shaun McKim

Journal of Social Economics, 2015, vol. 2, issue 3, 94-100

Abstract: In this paper, we use data on secondary school graduates per worker in Hawaii as a proxy for social good and human capital to examine its effect on economic growth in Hawaii. The aggregate-data analysis shows that Hawaiian secondary graduates affect the economic growth positively. We then analyze the individual effects of public versus private schools and find that both public and private school graduates affect economic growth positively. Surprisingly, the effect of public school graduates is stronger than that of private school graduates. This might be due to the special characteristics of Hawaiian economy that rely heavily on low-skill services in the tourism sector and strongly implies education role as a social good.

Keywords: social good; public schools; private schools; secondary school graduates (search for similar items in EconPapers)
Date: 2015
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