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Pedagogical Ethics And Economic Growth

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  • 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
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    File URL: http://www.usc.es/~economet/reviews/eers2022.pdf
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    References listed on IDEAS

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    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.
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    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.

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    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

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