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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 ...
The theory also focuses on positive externalities and spillover effects of a knowledge-based economy which will lead to economic development. The endogenous growth theory primarily holds that the long run growth rate of an economy depends on policy measures. For example, subsidies for research and development or education increase the growth ...
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 ...
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 ...
The view that a "breakout" from the Malthusian trap has led to an era of sustained economic growth is explored by "unified growth theory". [4] [93] One branch of unified growth theory is devoted to the interaction between human evolution and economic development. In particular, Oded Galor and Omer Moav argue that the forces of natural selection ...
As broadband access becomes a critical enabler of economic growth, education, and healthcare, we must take steps to allow private businesses to drive the necessary investments to make this a ...
Effects of democracy on economic growth and effect of economic growth on democracy can be distinguished. While evidence of a relationship is irrefutable, [ 81 ] economists' and historians' opinions of its exact nature have been sharply split, hence the latter has been the subject of many debates and studies.
Others point to improvements in living standards, physical infrastructure, education and economic opportunity to refute such criticisms. Modernization theorists such as Samuel P. Huntington held in the 1960s and 1970s that authoritarian regimes yielded greater economic growth than democracies. [38] However, this view had been challenged.