Год выпуска: 2011 Автор: Alvina Sabah Idrees and Dr. M. Wasif Siddiqi Издательство: LAP Lambert Academic Publishing Страниц: 88 ISBN: 9783844313598
Описание
The purpose of this study is to examine the impact of education and technology on economic growth. Countries can increase the efficiency of labour force through increased expenditures in the education sector. Similarly, technological innovation can be treated as an important factor to raise the productivity of physical capital. Thus, rapid growth can occur in countries that are investing heavily in education and research sectors. The study has applied quantitative research methodologies on panel data;including panel cointegration tests and FMOLS method. The results reveal that a long-run relationship exists among education, technology and economic growth. The study also supports the idea of “convergence” or “catch-up effect” among the developing nations. In addition, the empirical findings also support the fact that China and India are the emerging economies that are expected to catch up the developed nations at a faster pace as compared to other developing nations. Lastly, the...
