The Role of Education in Economic Growth
Economics Working Papers from School of Economics, University of Wollongong, NSW, Australia
This study examines the effect of the quantity and quality of education on economic growth. Using a number of proxy variables for the quantity and quality of education in a cross section of low and medium income countries, this study finds that education quantity when measured by enrolment ratios, unambiguously influences economic growth. The effect of government expenditure on economic growth is largely indirect through its impact on improved education quality.
Keywords: Economic Growth; Education Quantity; Enrolment; Government Spending on Education; Education Quality; Cross Country (search for similar items in EconPapers)
JEL-codes: O11 O15 (search for similar items in EconPapers)
Pages: 29 pages
New Economics Papers: this item is included in nep-cwa, nep-edu, nep-fdg and nep-hrm
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Persistent link: https://EconPapers.repec.org/RePEc:uow:depec1:wp10-14
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