You are here:

Education, technical progress, and economic growth: the case of Taiwan
ARTICLE

Economics of Education Review Volume 22, Number 2, ISSN 0272-7757 Publisher: Elsevier Ltd

Abstract

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]

Citation

Lin, T.C. (2003). Education, technical progress, and economic growth: the case of Taiwan. Economics of Education Review, 22(2), 213-220. Elsevier Ltd. Retrieved March 27, 2019 from .

This record was imported from Economics of Education Review on March 1, 2019. Economics of Education Review is a publication of Elsevier.

Full text is availabe on Science Direct: http://dx.doi.org/10.1016/S0272-7757(02)00030-4

Keywords

View References & Citations Map

References

  1. Armer, M., & Liu, C. (1993). Education’s effect on economic growth in Taiwan . Comparative Education Review, 37(3), pp. 304-321.
  2. Barro, R. (2001). Economic growth in East Asia before and after the financial crisis. NBER Working Paper 8330.
  3. Engel, R.F., & Granger, C. (1987). Co-integration and error correction: Representation, estimation, and testing . Economterica, 55, pp. 251-276.
  4. Hsieh, C. (1999). Productivity growth and factor prices in East Asia. American Economic Review ( Papers and Proceedings), 133-138.
  5. Kim, J., & Lau, L. (1994). The sources of economic growth of the East Asian newly industrialized countries . Journal of Japanese and International Economics, 8(3), pp. 62-78.
  6. Krugman, P. (1994). The myth of Asia’s miracle . Foreign Affairs, pp. 62-78.
  7. Lau, L., Jamison, D., Liu, S., & Rivkin, S. (1993). Education and economic growth: Some cross-sectional evidence from Brazil . Journal of Development Economics, 41, pp. 45-70.
  8. McMahon, W. (1998). Education and growth in East Asia . Economics of Education Review, 17(2), pp. 159-172.
  9. Page, J. (1994). The East Asian miracle: Four lessons for development policy. NBER Macroeconomics Annual 1994, Cambridge, MA: MIT Press.
  10. Park, Y. and Lee, J. (2001). Recovery and sustainability in East Asia. NBER Working Paper 8373.
  11. Rodrik, D. (1995). Getting interventions right: How South Korea and Taiwan grew rich . Economic Policy, 20, pp. 55-107.
  12. Tallman, E., & Wang, P. (1994). Human capital and endogenous growth: Evidence from Taiwan . Journal of Monetary Economics, 34, pp. 101-124.
  13. Willis, R. (1986). Wage determinants: A survey and reinterpretation of human capital earnings function. Handbook of Labor Economics 1A , North-Holland, Amsterdam.
  14. World Bank (1993). The East Asian miracle: Economic growth and public policy. Oxford University Press for the World Bank, Washington DC.
  15. Young, A. (1995). A tale of two cities: Factor accumulation and technical change in Hong Kong and Singapore. NBER Macroeconomics Annual 1992, Cambridge , MA: MIT Press.
  16. Young, A. (1994). The tyranny of numbers: Confronting the statistical realities of the East Asian growth experience. NBER Working Paper 4680.

These references have been extracted automatically and may have some errors. If you see a mistake in the references above, please contact info@learntechlib.org.