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ERIC Number: EJ944720
Record Type: Journal
Publication Date: 2011-Dec
Pages: 11
Abstractor: As Provided
Reference Count: 63
ISBN: N/A
ISSN: ISSN-1598-1037
Can Education Equality Trickle-Down to Economic Growth? The Case of Korea
Ilon, Lynn
Asia Pacific Education Review, v12 n4 p653-663 Dec 2011
Education equality is generally neglected in the literature that investigates education's contribution to economic growth. This paper examines the case of Korea where economic growth, education equality (as measured by years of schooling), and educational quality have all been on the rise for many decades. Using time series data on schooling for adults of 25-85 years, a measure of education equality is calculated. Education equality is shown to be increasing through the years. A Cobb-Douglas production function for the economy was estimated using both "years of schooling" and "education equality" measures. When both measures are included, education equality is a strong predictor of economic growth.
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Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: South Korea