Since 2014
Delayed Effects of Graduate Education on Increased Productivity
Journal of Economic & Financial Studies
View Archive Info| Field | Value | |
| Title |
Delayed Effects of Graduate Education on Increased Productivity
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| Creator |
Simister, John
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| Subject |
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Granger causality; Graduates; Productivity; Tertiary education. H52; I210; J24. |
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| Description |
‘Human Capital Theory’ shows that education is a vital part of improving productivity. This paper investigates effects of tertiary education (post-school education: at universities, higher-education colleges, and similar institutions) on how productive an employee is. A problem with such research is to identify which variable is the cause, and which is the effect. This paper uses time-series regression analysis of World Bank data, on the fraction of a country’s workforce with tertiary education, and productivity. This paper also uses Britain as a case study: the British Household Panel Study shows what happens to a graduate in the years after they leave university. The delayed effects of education on output makes clear that education is a cause (rather than an effect) of improvements in productivity. In conclusion, university-level education is beneficial to economic growth.
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| Publisher |
LAR Center Press
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| Contributor |
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| Date |
2014-04-21
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article — |
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| Format |
application/pdf
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| Identifier |
http://journalofeconomics.org/index.php/site/article/view/53
10.18533/jefs.v2i02.53 |
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| Source |
Journal of Economic & Financial Studies; Vol 2, No 02 (2014): April; 55-65
2379-9471 2379-9463 |
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| Language |
eng
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| Relation |
http://journalofeconomics.org/index.php/site/article/view/53/263
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| Coverage |
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| Rights |
Copyright (c) 2015 Journal of Economic & Financial Studies
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