Utbildningskvalitet och Ekonomisk Tillväxt
Sammanfattning: This study focuses on the topic of education and economic growth. The aim of this study is to investigate the relationship between education and economic growth amongst the OECD member countries. What sets this study apart from a lot of the research is the inclusion of both quantitative and qualitative measures of education. This is done by using theory and previous research as a foundation to conduct an empirical study to identify if a longer time period in school and higher test results at international testing improves one country’s economic growth. As a quantitative measure, education is measured in mean years of schooling. The qualitative measures consist of two different variables, mean score on international testing and the share of the students who achieved an acceptable score. The data uses a forty year time period between 1975 and 2015 divided into nine five-year periods and includes all 37 OECD member countries. Three regressions based on the augmented Solow-model were used including mean years of schooling as quantitative measure and mean test score and share of acceptable score as qualitative measures of education. The empirical analysis suggests that mean years of schooling has a negative significant effect on economic growth while both qualitative variables have a positive insignificant effect. The discussions bring up several possible explanations for this surprising result. This study provides reasons why future studies on the relationship between school quality and economic growth is needed.
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