Education, technical progress, and economic growth: the case of Taiwan
Economics of Education Review Volume 22, Number 2, ISSN 0272-7757 Publisher: Elsevier Ltd
This paper investigates the effect of education and the role of technical progress on economic growth in Taiwan over the 1965–2000 period. A structural earnings function and indicator for average schooling years are applied to a measure of education, and a transcendental production function is used in the model. Findings reveal that education has a positive and significant effect on growth, but the role of technical progress does not appear to be extraordinarily important. According to the complementarity test, no markedly significant relationships exist between capital and education, or between education and technical progress. [JEL classification: O40, J24, I20]
Lin, T.C. (2003). Education, technical progress, and economic growth: the case of Taiwan. Economics of Education Review, 22(2), 213-220. Elsevier Ltd.