Document Type : Research Paper
Authors
1
Department of economics, Assistant Professor of Economics, Payame Noor University, PO BOX 19395-3697 Tehran, I.R of IRAN
2
Payame Noor University, PO BOX 19395-3697 Tehran, I.R of IRAN
Abstract
Abstract
One of the most important global issues in the last decade is the issue of manpower training or innovative human capital. The United Nations has placed education at the heart of its development strategy because the mobility of intergenerational education raises the level of development. Although human capital has been discussed since the time of classical economists, what has been considered in recent decades is the modeling and presentation of models that include human resource training or the development of innovative human capital and economic growth. Institutionalized knowledge In the labor force, it is called human capital, which is obtained through factors such as education (formal, in-service, technical and professional, etc.) and experience, and the knowledge institutionalized in the machine and capital is also referred to as technology. they do . In today's economics literature, the effect of educational expenditure on economic growth is mentioned as a macro effect and its effect on individual income and income distribution is mentioned as a micro effect of educational expenditure. According to new growth theories, educational expenditures are considered as a key factor in the economic growth and development of societies. Therefore, the purpose of this study is to investigate the effect of educational expenditure index on economic growth of selected countries. One of the most important global issues in the last decade is the issue of manpower training or innovative human capital. The United Nations has placed education at the heart of its development strategy because the mobility of intergenerational education raises the level of development. Although human capital has been discussed since the time of classical economists, what has been considered in recent decades is the modeling and presentation of models that include human resource training or the development of innovative human capital and economic growth. Institutionalized knowledge In the labor force, it is called human capital, which is obtained through factors such as education (formal, in-service, technical and professional, etc.) and experience, and the knowledge institutionalized in the machine and capital is also referred to as technology. they do . In today's economics literature, the effect of educational expenditure on economic growth is mentioned as a macro effect and its effect on individual income and income distribution is mentioned as a micro effect of educational expenditure. According to new growth theories, educational expenditures are considered as a key factor in the economic growth and development of societies. Therefore, the purpose of this study is to investigate the effect of educational expenditure index on economic growth of selected countries. For this purpose, the Education Expenditure Index (EDUH) and the Economic Growth Index (GDP) for the period 2019-2002 have been used by panel data econometrics. The results show the positive effect of educational expenditures, the positive effect of exports and the negative effect of the price index on economic growth. In other words, with the increase of manpower training, economic growth in selected countries will increase.
Keywords: Education Expenditures, Economic Growth, Panel Data, Exports.One of the most important global issues in the last decade is the issue of manpower training or innovative human capital. The United Nations has placed education at the heart of its development strategy because the mobility of intergenerational education raises the level of development. Although human capital has been discussed since the time of classical economists, what has been considered in recent decades is the modeling and presentation of models that include human resource training or the development of innovative human capital and economic growth. Institutionalized knowledge In the labor force, it is called human capital, which is obtained through factors such as education (formal, in-service, technical and professional, etc.) and experience, and the knowledge institutionalized in the machine and capital is also referred to as technology. they do . In today's economics literature, the effect of educational expenditure on economic growth is mentioned as a macro effect and its effect on individual income and income distribution is mentioned as a micro effect of educational expenditure. According to new growth theories, educational expenditures are considered as a key factor in the economic growth and development of societies. Therefore, the purpose of this study is to investigate the effect of educational expenditure index on economic growth of selected countries. For this purpose, the Education Expenditure Index (EDUH) and the Economic Growth Index (GDP) for the period 2019-2002 have been used by panel data econometrics. The results show the positive effect of educational expenditures, the positive effect of exports and the negative effect of the price index on economic growth. In other words, with the increase of manpower training, economic growth in selected countries will increase.
Keywords: Education Expenditures, Economic Growth, Panel Data, Exports.One of the most important global issues in the last decade is the issue of manpower training or innovative human capital. The United Nations has placed education at the heart of its development strategy because the mobility of intergenerational education raises the level of development. Although human capital has been discussed since the time of classical economists, what has been considered in recent decades is the modeling and presentation of models that include human resource training or the development of innovative human capital and economic growth. Institutionalized knowledge In the labor force, it is called human capital, which is obtained through factors such as education (formal, in-service, technical and professional, etc.) and experience, and the knowledge institutionalized in the machine and capital is also referred to as technology. they do . In today's economics literature, the effect of educational expenditure on economic growth is mentioned as a macro effect and its effect on individual income and income distribution is mentioned as a micro effect of educational expenditure. According to new growth theories, educational expenditures are considered as a key factor in the economic growth and development of societies. Therefore, the purpose of this study is to investigate the effect of educational expenditure index on economic growth of selected countries. For this purpose, the Education Expenditure Index (EDUH) and the Economic Growth Index (GDP) for the period 2019-2002 have been used by panel data econometrics. The results show the positive effect of educational expenditures, the positive effect of exports and the negative effect of the price index on economic growth. In other words, with the increase of manpower training, economic growth in selected countries will increase.
Keywords: Education Expenditures, Economic Growth, Panel Data, Exports.
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