Since 2014
Education-Economic Growth Nexus: A Review
Journal of Economic and Social Thought
View Archive Info| Field | Value | |
| Title |
Education-Economic Growth Nexus: A Review
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| Creator |
KHAN, Jangraiz; Elementarya nd Secondary Education Department, KP, Pakistan
MALIK, Zilakat Khan |
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| Description |
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.JEL. O10,O15, O40.
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| Publisher |
Journal of Economic and Social Thought
Journal of Economic and Social Thought |
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| Contributor |
—
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| Date |
2015-06-18
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://www.kspjournals.org/index.php/JEST/article/view/312
10.1453/jest.v2i2.312 |
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| Source |
Journal of Economic and Social Thought; Vol 2, No 2 (2015): June; 121-126
Journal of Economic and Social Thought; Vol 2, No 2 (2015): June; 121-126 2149-0422 |
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| Language |
eng
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| Relation |
http://www.kspjournals.org/index.php/JEST/article/view/312/437
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| Rights |
Copyright (c) 2015 Journal of Economic and Social Thought
http://creativecommons.org/licenses/by-nc/4.0 |
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