IDEAS home Printed from https://ideas.repec.org/a/eaa/eerese/v20y2020i2_2.html
   My bibliography  Save this article

Pedagogical Ethics And Economic Growth

Author

Listed:
  • WARBURTON, C.E.S.

Abstract

This paper analyzes some of the factors that impinge on the residual-investment ratio of a growth model. It highlights some of the major challenges of acquiring and disseminating human capital in the US. Inhibiting conditions include the level of pedagogical ethics, institutional policies, financial infrastructure, and public policies that magnify the residual-to-investment ratio. Some of the challenges are presented in the form of pedagogical frictions, evaluative biases, and external costs that can degrade aggregate educational outcomes (human capital) and corresponding national income. The paper argues that the inhibiting factors have direct and implicit consequences for the empirical findings of endogenous growth models; especially because the inhibiting factors increase or decrease the value of human capital and, therefore, the growth residual.

Suggested Citation

  • Warburton, C.E.S., 2020. "Pedagogical Ethics And Economic Growth," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 20(2), pages 19-34.
    • Handle: RePEc:eaa:eerese:v:20:y2020:i:2_2
    as

    Download full text from publisher

    File URL: http://www.usc.es/~economet/reviews/eers2022.pdf
    Download Restriction: No.
    ---><---

    References listed on IDEAS

    as
    1. Hamermesh, Daniel S. & Parker, Amy, 2005. "Beauty in the classroom: instructors' pulchritude and putative pedagogical productivity," Economics of Education Review, Elsevier, vol. 24(4), pages 369-376, August.
    2. Becker, Gary S., 1971. "The Economics of Discrimination," University of Chicago Press Economics Books, University of Chicago Press, edition 2, number 9780226041162, December.
    3. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
    4. T. Aldrich Finegan & John J. Siegfried, 2000. "Are Student Ratings of Teaching Effectiveness Influenced by Instructors' English Language Proficiency?," The American Economist, Sage Publications, vol. 44(2), pages 17-29, October.
    5. W. Lee Hansen, 2001. "Expected Proficiencies for Undergraduate Economics Majors," The Journal of Economic Education, Taylor & Francis Journals, vol. 32(3), pages 231-242, January.
    6. Costa, Dora L. & Lamoreaux, Naomi R. (ed.), 2011. "Understanding Long-Run Economic Growth," National Bureau of Economic Research Books, University of Chicago Press, number 9780226116341, August.
    7. Christopher E.S. WARBURTON, 2020. "The Acquisition Of Human Capital And Economic Growth: An International Survey," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 20(2), pages 5-18.
    8. William Bosshardt & Michael Watts, 2001. "Comparing Student and Instructor Evaluations of Teaching," The Journal of Economic Education, Taylor & Francis Journals, vol. 32(1), pages 3-17, January.
    9. Elchanan Cohn & Sharon Cohn & Donald C. Balch & James Bradley, 2001. "Do Graphs Promote Learning in Principles of Economics?," The Journal of Economic Education, Taylor & Francis Journals, vol. 32(4), pages 299-310, January.
    10. Jacob Mincer, 1958. "Investment in Human Capital and Personal Income Distribution," Journal of Political Economy, University of Chicago Press, vol. 66(4), pages 281-281.
    11. Wilson, James Q., 1993. "The Moral Sense," American Political Science Review, Cambridge University Press, vol. 87(1), pages 1-11, March.
    12. Gylfason, Thorvaldur, 1999. "Principles of Economic Growth," OUP Catalogue, Oxford University Press, number 9780198776147.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Christopher E.S. WARBURTON, 2020. "The Acquisition Of Human Capital And Economic Growth: An International Survey," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 20(2), pages 5-18.
    2. Christopher E.S. WARBURTON, 2023. "Acquiring Human Capital: Analysis Of Data Of 139 Higher Education Institutions In The Us From 2012 To 2022," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 23(2), pages 5-34.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dilmaghani, Maryam, 2020. "Beauty perks: Physical appearance, earnings, and fringe benefits," Economics & Human Biology, Elsevier, vol. 38(C).
    2. Christopher E.S. WARBURTON, 2020. "The Acquisition Of Human Capital And Economic Growth: An International Survey," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 20(2), pages 5-18.
    3. Katie Meara & Francesco Pastore & Allan Webster, 2020. "The gender pay gap in the USA: a matching study," Journal of Population Economics, Springer;European Society for Population Economics, vol. 33(1), pages 271-305, January.
    4. Niclas Berggren & Mikael Elinder, 2012. "Is tolerance good or bad for growth?," Public Choice, Springer, vol. 150(1), pages 283-308, January.
    5. Ilyess Karouni, 2022. "Thinking out stratification: the concept of subalternity," Review of Evolutionary Political Economy, Springer, vol. 3(3), pages 629-642, October.
    6. repec:eur:ejesjr:364 is not listed on IDEAS
    7. Griliches, Zvi, 1997. "Education, Human Capital, and Growth: A Personal Perspective," Journal of Labor Economics, University of Chicago Press, vol. 15(1), pages 330-344, January.
    8. Olimpia Neagu, 2014. "Human Capital: A Determinant Of Regional Development? An Empirical Study On The European Union," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 132-140, October.
    9. Tingting Yu & Ah Rong & Feilong Hao, 2022. "Avoiding the middle‐income trap: The spatial–temporal effects of human capital on regional economic growth in Northeast China," Growth and Change, Wiley Blackwell, vol. 53(2), pages 536-558, June.
    10. Oscar Hernán Cerquera Losada & María de los Ángeles Clavijo Tovar & Carla Yanella Pérez Peña, 2022. "Capital humano y crecimiento económico: evidencia empírica para Suramérica," Apuntes del Cenes, Universidad Pedagógica y Tecnológica de Colombia, vol. 41(73), pages 143-167, February.
    11. Ralph Hippe & Roger Fouquet, 2024. "The Human Capital Transition and the Role of Policy," Springer Books, in: Claude Diebolt & Michael Haupert (ed.), Handbook of Cliometrics, edition 3, pages 411-457, Springer.
    12. Sulis, Isabella & Giambona, Francesca & Porcu, Mariano, 2020. "Adjusted indicators of quality and equity for monitoring the education systems over time. Insights on EU15 countries from PISA surveys," Socio-Economic Planning Sciences, Elsevier, vol. 69(C).
    13. Valdivia Coria, Joab Dan, 2023. "Discriminación salarial de género, efectos en la política monetaria y fluctuación cíclica del producto [Gender pay gap, effects on monetary policy and cyclical output fluctuation]," MPRA Paper 116271, University Library of Munich, Germany.
    14. John Beirne & Nauro F. Campos, 2007. "Educational inputs and outcomes before the transition from communism," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 15(1), pages 57-76, January.
    15. Hermannsson, Kristinn & Lisenkova, Katerina & Lecca, Patrizio & McGregor, Peter G & Swales, J Kim, 2010. "The Importance of Graduates for the Scottish Economy: A Micro-to-Macro Approach," SIRE Discussion Papers 2010-80, Scottish Institute for Research in Economics (SIRE).
    16. Marcel Fafchamps & Mans Söderbom & Najy Benhassine, 2009. "Wage Gaps and Job Sorting in African Manufacturing," Journal of African Economies, Centre for the Study of African Economies, vol. 18(5), pages 824-868, November.
    17. Tan, Clifford, 2013. "The contribution of university rankings to country's GDP per capita," MPRA Paper 53900, University Library of Munich, Germany.
    18. Badgett, M.V. Lee & Waaldijk, Kees & Rodgers, Yana van der Meulen, 2019. "The relationship between LGBT inclusion and economic development: Macro-level evidence," World Development, Elsevier, vol. 120(C), pages 1-14.
    19. Simón Sosvilla-Rivero & Javier Alonso Meseguer, 2005. "Estimación de una función de producción MRW para la economía española, 1910-1995," Investigaciones Economicas, Fundación SEPI, vol. 29(3), pages 609-624, September.
    20. Gustavo Pereira Serra, 2021. "The First Harrod Problem and Human Capital Formation," Working Papers 2113, New School for Social Research, Department of Economics.
    21. Gang Liu & Barbara M. Fraumeni, 2020. "A Brief Introduction to Human Capital Measures," NBER Working Papers 27561, National Bureau of Economic Research, Inc.

    More about this item

    Keywords

    Education trilemma; Ethics; Human capital; SET; Total factor productivity;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eaa:eerese:v:20:y2020:i:2_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: M. Carmen Guisan (email available below). General contact details of provider: http://www.usc.es/economet/eaa.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.