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APUSpecial Lecture on Development Strategy by Motoo Kusakabe

Lesson Eight:
8. Is Education an engine for Growth? (Lecture)
What do we learn? Reading Suggestions

Have we achieved a progress in Education?

 

 

Have we achieved a progress in Education?
The World Bank Website, Poverty Net

 

Why is the rate of return on education?

Is Education a key Growth?  

Presentation by Motoo Kusakabe, APU

 

Is Education an engine of Growth?

Meier, Gerald M. and James E. Rauch. 2000. Overview: Education. Leading Issues in Economic Development (seventh edition) Oxford University Press

 

What is the rate of return on education and how to measure it?

Psacharopoulos, George. 1995. The Profitability of Investment in Education: Concepts and Methods

 

What are the findings on the rates of return on education?

Psacharopoulos, George. 1991. The Economic Impact of Education: Lessons for Policymakers. San Francisco: ICS Press. Reprinted in Meier, Gerald M. and James E. Raich. "leading Issues in Economic Devlopment" seventh edition. pp223-226

 

What are the contraversies around rate of return studies?

Psacharopoulos, George. 1995. The Profitability of Investment in Education: Concepts and Methods

 

What are the empirical evidence of impact of education on economic growth?

Micro approach (Psacharopoulos) produces favorable result of education's impact, while macro approach (Benhabib) produces negative conclusion.

Why is Micro approach different from Macro approach?

Does Human Capital actually increase growth?
Benhabib, Jess, and Mark M. Spiegel. The Role of Human Capital in Economic Development: Evidence from Aggregate Cross-Country Data, Journal of Monetary Economics 34 (October 1994): 143-151, 158-161.

Why does education often fail to produce growth? Where Has All the Education Gone?
Pretchett, Lant. Where Has All the Education Gone? The World Bank Policy Research Working Paper 1581

 

What is the impact of education on economic growth?

Kusakabe, Motoo. 2005. ICT and National Innovation System: Is ICT Engine of Growth? Presentation at International Workshop on Workforce Development For Knowledge Economy, 7-13 September 2005, Seoul, Korea

How have Education become the priority of international aid?

How was education becomes the priority of the World Bank under the Washington Consensus?

Rose, Pauline. 2006. From Washington to Post-Washington Consensus: The triumph of Human Capital. The development Economics after the Washington Consensus, Jomo & Fine ed., Zed Books, London