Education Policy and Industrial Development: The Cases of Korea and Mexico
0
조회
0
다운로드
1
인용
0
참고문헌
키워드
초록
After many scholars’ studies, it has been suggested that among several facts of economic growth, Korea’s relatively intensive investment in education could make its fast economic growth. This study is started from the question of whether only the size of education expenditure could lead economic growth. Here we compare two countries - Korea and Mexico, to see how the education expenditure positively leads economic growth. The study proved that by analyzing the effect of education expenditure on each industrial development stage of two countries by using the time series data from 1960s to 2000s. In the case of Korea, the education sector supplied adequate workers that were required in each development stage, whereas in Mexico, the allocation of education expenditure was in a mismatch with the labor demand for industrial structure. The conclusion of this study is derived as not only the size of the education expenditure but also its efficient use in accordance with the industrial policy is important to guarantee the positive effects of education on economic growth.
Abstract
After many scholars’ studies, it has been suggested that among several facts of economic growth, Korea’s relatively intensive investment in education could make its fast economic growth. This study is started from the question of whether only the size of education expenditure could lead economic growth. Here we compare two countries - Korea and Mexico, to see how the education expenditure positively leads economic growth. The study proved that by analyzing the effect of education expenditure on each industrial development stage of two countries by using the time series data from 1960s to 2000s. In the case of Korea, the education sector supplied adequate workers that were required in each development stage, whereas in Mexico, the allocation of education expenditure was in a mismatch with the labor demand for industrial structure. The conclusion of this study is derived as not only the size of the education expenditure but also its efficient use in accordance with the industrial policy is important to guarantee the positive effects of education on economic growth.
참고문헌 (6)
- Mexico: Two Decades of the Evolution of Education and Inequality, "López-Acevedo, Gladys", World Bank Policy Research, ~, pp.No. 3919 (2006)
- The distribution of Mexico’s public spending on education, "López-Acevedo, Gladys", World Bank Policy Research, ~, pp.No. 2404 (2000)
- Gonzalez de Turner, "Disparities, Contrasts and Developments in Contemporary Mexican Education", Journal of Educational Development, 7(3) (1987), King’s College, University of London
- Pereira, João, "What level of education matters most for growth? Evidence from Portugal", Economics of Education Review, 28, pp.67~73 (2009)
- Papageorgiou, Chris, "Distinguishing between the effects of primary and post-primary education on economic growth", Review of Development Economics, 7(4), pp.622~635 (2003)
- Self, Sharmistha, "Does education at all levels cause growth? India, a case study", Economics of Education Review, 23, pp.47~55 (2004)