Endogenous growth: Contributions of education to economic development in Korea and policy implications

The central focus of this research is to explore the role of human capital as a source of economic growth in Korea. This paper considers the relation of education to per-capita growth in the medium term in seven East-Asian countries. This includes in addition to basic education the relation of higher education via secondary education and R&D capital, and the relation of technology developed through R&D via higher and secondary education, especially to per-capita growth in Korea. This thesis focuses on the returns to investment in education using both the marginal product of each educational level in the production function and the relation of these to the social rate of return based on microeconomic earnings data. It specifies a production function in using a total capital approach that includes physical, human, and knowledge capital formation as well as unimproved raw labor.

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Economics

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2011

Author dc:creator

• Jang, Chang Won

Contributors dc:contributor

• McMahon, Walter W.

• Economics, General
• Economics, Labor
• Education, Technology of

Statement dc:rights

• Copyright 1995 Jang, Chang Won

Language dc:language

eng

Identifier

AAI9543610
(UMI)AAI9543610

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/21027