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The paper "Does Foreign Aid in Education Promote Economic Growth? Evidence From Sub-Saharan Africa" explores whether the foreign aid that is aimed towards education is effective in primary education and secondary education in sub-Saharan Africa. Asiedu's study focuses on 38 countries from 1990 to 2004. [8]
Education economics or the economics of education is the study of economic issues relating to education, including the demand for education, the financing and provision of education, and the comparative efficiency of various educational programs and policies. From early works on the relationship between schooling and labor market outcomes for ...
Please help update this article to reflect recent events or newly available information. ( June 2024 ) This list shows the government spending on education of various countries and subnational areas by percent (%) of GDP (1989–2022).
Public education is widely regarded as a long-term investment that benefits society as a whole, with primary education showing particularly high rates of return. [78] Additionally, besides bolstering economic prosperity, education contributes to technological and scientific advancements, reduces unemployment, and promotes social equity. [79]
Increases in the amount of female education in regions tends to correlate with high levels of development. Some of the effects are related to economic development. Women's education increases the income of women and leads to growth in GDP. Other effects are related to social development. Educating girls leads to a number of social benefits ...
Achieving SDG 4 will help to achieve many other SDGs: eradicate poverty , achieve gender equality , ensure good health and wellbeing , reduce inequalities among countries , promote sustained, inclusive and sustainable economic growth and decent work for all , build resilient infrastructure and foster innovation , ensure access to information ...
Development economics is a branch of economics that deals with economic aspects of the development process in low- and middle- income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health, education and workplace conditions, whether ...
Human capital, in the form of education, is an even more important determinant of economic growth than physical capital. [5] Deworming children costs about 50 cents per child per year and reduces non-attendance from anemia , illness and malnutrition and is only a twenty-fifth as expensive to increase school attendance as by constructing schools.