Impact of Education and Technology on Economic Growth

Impact of Education and Technology on Economic Growth


Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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  • Product Description

The purpose of this study is to examine the impact of education and technology on economic growth. Countries can increase the efficiency of labour force through increased expenditures in the education sector. Similarly, technological innovation can be treated as an important factor to raise the productivity of physical capital. Thus, rapid growth can occur in countries that are investing heavily in education and research sectors. The study has applied quantitative research methodologies on panel data;including panel cointegration tests and FMOLS method. The results reveal that a long-run relationship exists among education, technology and economic growth. The study also supports the idea of “convergence” or “catch-up effect” among the developing nations. In addition, the empirical findings also support the fact that China and India are the emerging economies that are expected to catch up the developed nations at a faster pace as compared to other developing nations. Lastly, the short-run analysis is undertaken, which suggest that developing nations are showing temporary divergence in the short-run.

Product Specifications
SKU :COC69487
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-08
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