Education-Economic Growth Nexus: A Review

Jangraiz Khan and Zilakat Khan Malik ()
Additional contact information
Zilakat Khan Malik: University of Peshawar, PAKISTAN.

Journal of Economic and Social Thought, 2015, vol. 2, issue 2, 121-126

Abstract: This paper is focused on a review of education and economic growth relationship. It reviews both the theoretical as well as empirical literature relevant to education-economic growth nexus. The study of economic growth is an old area but addition to the determinants remained a unceasing during the history. The human capital-economic growth relationship is evident even from Adam smith theories. However, it got formal recognition in New Growth theories. The literature shows that human capital is not measurable directly; instead, some proxies are used for it. Education, health, research and development, experience and skills are some of the most commonly measures for human capital. Education as a determinant has been used extensively. Some of the studies recognize its positive role while others negative. Different levels of education showed different type of effects. It is concluded on the basis of reviewed literature that human capital in form of education affects economic growth through different channels.

Keywords: Education; Economics Education. (search for similar items in EconPapers)
JEL-codes: O10 O15 O40 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.kspjournals.org/index.php/JEST/article/download/312/437 (application/pdf)
http://www.kspjournals.org/index.php/JEST/article/view/312 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ksp:journ3:v:2:y:2015:i:2:p:121-126

Access Statistics for this article

Journal of Economic and Social Thought is currently edited by Bilal KARGI

More articles in Journal of Economic and Social Thought from KSP Journals Istanbul, Turkey.
Bibliographic data for series maintained by Bilal KARGI ( this e-mail address is bad, please contact ).