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ASEAN Education Cooperation: An Assessment of the Education Divide and Measuring the Potential Impact of Its Elimination

Sanchita Basu Das and Badri Narayanan
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Sanchita Basu Das: Asian Development Bank Institute
Badri Narayanan: Asian Development Bank Institute

No 1300, ADBI Working Papers from Asian Development Bank Institute

Abstract: Quality education is a key determinant for ASEAN’s aspiration to be a single market and production base and to attract foreign investment. However, the region is characterized by an education divide in terms of quality and output, and this is likely to increase in the post-COVID-19 period. A simulation, modeling a productivity increase in the education sector through an increase in the HDI-Education Index for lagging ASEAN countries to the level of Singapore (benchmark country), shows that GDP, exports, and consumption are poised to go up much more for the countries that lag farther behind Singapore in their education quality. This provides an incentive to ASEAN countries to pay more attention to education cooperation, particularly in terms of setting regional targets for improved education quality and output at national level while linking education more intrinsically to ASEAN economic cooperation.

Keywords: ASEAN; education; economic development (search for similar items in EconPapers)
JEL-codes: I21 R11 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2022-01
New Economics Papers: this item is included in nep-int and nep-sea
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