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Education Psychology Research Situation Questions

Education Psychology Research Situation Questions

          
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About the Book

Why is education presumed to affect economic growth in any one of Asia developing countries? The main reason given is that it should improve the overall skill level, or human capital of the labor force. How human capital may be related to economic growth.Usually, capital growth is only determined by capital accumulation and technological changes. In the growth model, only technological innovation can explain long term growth because capital accumulation effects suffer from diminishing and returns. Technological change is thus the sole determinant of growth once an economy's new equilibrium/steady state ( zero growth states is reached. At the same time, the sources of technological change, such as human capital are assumed to be not included as an explanatory variable in the model. In other words, the model treats education as a residual rather than as integral part of the process of change in explaining an economy's per-capita growth rate. Thus, some economists do not believe education is a conceptual tool to assist economic growth. However, some economists believe technological change and education can assist economic growth when these two factors are same to exist. Thus, education can impact growth not only by affecting innovation directly. But also by aiding the adoption of existing technology. The augmented assumed that the effect of education eventually growth models allow education at any given level to continue to impact growth through its effect on technological change and diffusion in the economy. In other meaning, education can be provide to students to raise high technological human capital to assist economic growth. So, education can be treated as a regular factor of production to affect the growth rate in the subsequent period. This has implications for how the education variable should be included in statistical analyses, which has been a subject of debate. Otherwise, most research has focused mostly on education quantity, such as the average number of years of schooling. For example, some older studies used school enrolment rates as a measure of education. Enrolment rates impacts are being used different growth periods average over the period. It also indicates that increasing enrolment rates are positive for economic growth in developing Asia countries, e.g. China, Korea etc. In conclusion, it seems education quantity and quality as well as productivity has also relationship to influence developing Asia countries' economic growth for long term.


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Product Details
  • ISBN-13: 9781089322313
  • Publisher: Independently Published
  • Publisher Imprint: Independently Published
  • Height: 254 mm
  • No of Pages: 126
  • Spine Width: 7 mm
  • Width: 203 mm
  • ISBN-10: 1089322313
  • Publisher Date: 09 Aug 2019
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 263 gr


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