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    Economics and Economic Gowth

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    AbhishekKulesh
    This project examines the relationship between education and economic growth. It analyzes how both the quantity and quality of education impact economic growth. The study finds that education quantity, as measured by enrollment ratios, unambiguously influences growth. Government expenditure on education also indirectly impacts growth by improving education quality. The goal is to survey literature linking education to micro and macro economic growth models. Where possible, implications for developing country policy issues are discussed. The concepts are presented accessibly for non-technical readers.

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    Economics and Economic Gowth

    Uploaded by

    AbhishekKulesh
    35 views3 pages
    This project examines the relationship between education and economic growth. It analyzes how both the quantity and quality of education impact economic growth. The study finds that education quantity, as measured by enrollment ratios, unambiguously influences growth. Government expenditure on education also indirectly impacts growth by improving education quality. The goal is to survey literature linking education to micro and macro economic growth models. Where possible, implications for developing country policy issues are discussed. The concepts are presented accessibly for non-technical readers.

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    indian economics and growth in the past decade

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    This project examines the relationship between education and economic growth. It analyzes how both the quantity and quality of education impact economic growth. The study finds that education quantity, as measured by enrollment ratios, unambiguously influences growth. Government expenditure on education also indirectly impacts growth by improving education quality. The goal is to survey literature linking education to micro and macro economic growth models. Where possible, implications for developing country policy issues are discussed. The concepts are presented accessibly for non-technical readers.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    35 views3 pages

    Economics and Economic Gowth

    Uploaded by

    AbhishekKulesh
    This project examines the relationship between education and economic growth. It analyzes how both the quantity and quality of education impact economic growth. The study finds that education quantity, as measured by enrollment ratios, unambiguously influences growth. Government expenditure on education also indirectly impacts growth by improving education quality. The goal is to survey literature linking education to micro and macro economic growth models. Where possible, implications for developing country policy issues are discussed. The concepts are presented accessibly for non-technical readers.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    EDUCATION AND ECONOMIC GROWTH

    THE NATIONAL LAW INSTITUTE


    UNIVERSITY, BHOPAL
    ECONOMICS

    PROJECT SYNOPSIS
    on

    EDUCATION AND ECONOMIC GROWTH

    SUBMITTED TO:

    Prof. Rajesh Gautam

    SUBMITTED BY:

    Shivesh Kumar Tripathi


    2013 B.A.LL.B(Hons.) 28

    EDUCATION AND ECONOMIC GROWTH

    PURPOSE OF THE PROJECT WORK


    The purpose of this study is to examine the effect of both the Quantity and quality of
    education on economic growth. This study finds that education quantity when measured by
    enrolment ratios, unambiguously influences economic growth. The effect of government
    expenditure on economic growth is largely indirect through its impact on improved education
    quality.
    The goal of this project is to survey the literature on education and its effects on
    economic growth. Over the last several decades, there have been a number of new
    developments and findings on this subject in both the micro and macro literature. Several
    recent models with policy implications are discussed. Where possible, we link the policy
    implications to growth-related issues faced by developing countries. Throughout this
    survey of the literature, we present mathematical concepts in a way that is accessible to
    less technical readers.

    INTRODUCTION
    There are two very basic reasons for expecting to find some link between education and
    Economic growth. First of all at the most general level it is intuitively plausible that
    living standards have risen so much over the last millennium and in particular since 1800
    because of education. Progress of the sort enjoyed in Europe was not observed in the
    illiterate societies that have gradually merged into the world economy over the last two
    hundred years. To the most casual observer it must seem that there is a link between
    scientific advance and the way in which education has facilitated the development of
    knowledge. But people with only very limited education often find it difficult to function at
    all in advanced societies. Education is needed for people to benefit from scientific advance as
    well as to contribute to it.
    Secondly, at a more specific level, a wide range of econometric studies indicates that
    the incomes individuals can command depend on their level of education. If people with
    education earn more than those without, shouldnt the same be true of countries? If
    not the rate of change of output per hour worked, at least the level of output per hour
    worked in a country, ought to depend on the educational attainment of the population.

    EDUCATION AND ECONOMIC GROWTH

    If spending on education delivers returns of some sort, in much the same way as spending
    on fixed capital, then it is sensible to talk of investing in human capital, as the
    counterpart to investing in fixed capital.

    ELEMENT

    Data of literacy rate of different states over different decades.


    Data of economic development of different states over different decades.
    Comparison of these data.

    CONCLUSION
    Thus, by learning education and economic growth, we can government can make scheme in
    a better way. Also, government will be able do more for the welfare of society.
    By doing the data study of various decade we will be able to understand the change in
    economic development and literacy rate of various state. Thus, it will help us to increase
    our sphere of knowledge as what are the factors that are responsible for education
    improvement and also economic development.

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