Does Education Cause Economic Growth教育是否会导致经济增长.pptVIP

13-11-2007 Does Education Cause Economic Growth? E. Podrecca, G. Carmeci Steps Economic growth models Where is education? What is the connection between education and economic growth? Discussion Growth theories Solow Growth Model Exogenous approach Neoclassical/Endogenous Growth Model Endogenous approach Where is education? Education fires up technological progress Ideas, knowledge and skills– ability to use more advanced capital goods RD spillovers, FDIs, international trade Education contd... Technological change accounts for differences in the rate of economic growth income differences across countries Technological change; innovation and imitation requires human capital as an input Formal education is an important source of human capital Granger causality Which do you think came first? The question has baffled scientists through the ages. Growth and human capital... Human capital stimulates productivity growth directly or indirectly ...growth Investment Human capital as a vehicle for technical progress ...levels Quality of human capital Capitals and growth Physical capital + Human capital = The model.. VARiations Dataset: 86 DCs and LDCs GMMvar 1st, 2nd ord order autocorrelation 3– period-lag instrumental variable Ommited variable problem Discussion Education ? Human Capital TFP Quality of eductional system Work experience and on the job training Health of the labour force EFA – Education for All:2015’ UNESCO Discussion contd. Under what conditions does education boost economic growth? Conducive environment Teachers – students relationships Infrastructure Relevance Does education at all levels cause growth? Further readings... Marta Sim?es, (2006); How does education affect economic growth? An empirical investigation. GEMF – Grupo de Estudos Monetários e Financeiros Faculdade de Economia da Universidade de Coimbra; Av. Dias da Silva 165. Charles I. Jones, (2002); Introduction to Economic Growth. 2nd Edit