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Education, Competence Development and Economic Growth — A Microeconomic Explanation to Macroeconomic Growth

  • Gunnar Eliasson
Conference paper

Abstract

In this paper I define education broadly and indirectly as the investment activity that produces the kind of competence capital that contributes to economic growth, as measured. Hence, this essay is partly a study of proper economic measurement. I am concerned both with the particular educational activity that occurs in educational institutions, separated from the job context, and learning in a broader sense, on-the-job or in the context of the job. I ask:
  1. 1.

    Why is education in a narrow and a broad sense important for economic growth?

     
  2. 2.

    What do we know about the quantitative relationships involved, and the incentives that promote development of competence?

     
  3. 3.

    What can governments do? Are there well defined parameters? What knowledge is required to achieve political ambitions?

     

Keywords

Total Factor Productivity Growth Theory Shift Factor Total Factor Productivity Growth Knowledge Capital 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 1994

Authors and Affiliations

  • Gunnar Eliasson
    • 1
  1. 1.IUIStockholmSweden

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