The Effect of Education on the growth of economy
Date Issued
2007
Date
2007
Author(s)
Chen, Ying-Lin
DOI
zh-TW
Abstract
Because of the growing global competition, resources become more and more valuable and every usage of resources must be considered thoroughly. Moreover, knowledge is power, especially in modern time. If you have a higher technology level, then it means that you have a greater power in the era of knowledge-based Economy. However, can the investment in education promote a country’s economic growth as expected? To answer the question is the main purpose of this research. Wide territory and unitary law system are two characteristics of China. We choose China to be the object due to the two characteristics. We take a province as a unit and the range is from 1983 to 2004 to see whether the enrolment rate of elementary school affects the rate of economic growth. The main way we choose is to analyze the panel data.
The outcome shows that although the investment has bad impact on the economic development in short term, but it will improve the economic development at last. Therefore, it is advantageous for a government to invest in education according to our analysis.
Subjects
經濟成長
追蹤資料
小學入學率
Krueger and Lindahl 矛盾
Mainland China
economic growth
panel data
elementary school enrolment rate
Krueger and Lindahl puzzle
Type
thesis
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