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Education and Health

  • Mozammel Huq
  • Michael Tribe
Chapter

Abstract

As in transport and communications and also in energy and water (covered in the last two chapters), externalities are often associated with investment in education and health. Hence the need for the state getting directly involved in investment here and/or providing directions for achieving efficiency in resource allocation which may necessitate the estimation of the social rate of return. Besides, in the context of modern theories based on the ‘endogenous growth’ approach the improvement of the quality and skill structure of the labour force and of the health and well-being of the population are both targets in themselves but are also the means towards the development of a stronger economy and of higher productivity levels.

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Mozammel Huq
    • 1
  • Michael Tribe
    • 1
  1. 1.Department of EconomicsUniversity of StrathclydeGlasgowUK

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