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Education Quality and Economic Growth in the United States

Author

Listed:
  • Elvira Nica
  • Gheorghe H. Popescu

Abstract

The mainstay of the paper is formed by an analysis of the role of cognitive skills in the process of economic development, growing educational wage gaps, and markets for academic research. This paper seeks to fill a gap in the current literature by examining cognitive skills as a direct measure of human capital, the impact of cognitive skills on individual earnings, and the implications of policies designed to improve educational outcomes.

Suggested Citation

  • Elvira Nica & Gheorghe H. Popescu, 2014. "Education Quality and Economic Growth in the United States," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 6(1), pages 43-46, March.
    • Handle: RePEc:khe:journl:v:6:y:2014:i:1:p:43-46
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    References listed on IDEAS

    as
    1. Miles Corak, 2013. "Income Inequality, Equality of Opportunity, and Intergenerational Mobility," Journal of Economic Perspectives, American Economic Association, vol. 27(3), pages 79-102, Summer.
    2. Terance J. Rephann, 2008. "Community Colleges and Local Economic Development," Working Papers 2008-02, Center for Economic and Policy Studies.
    3. Roland G. Fryer & Lawrence F. Katz, 2013. "Achieving Escape Velocity: Neighborhood and School Interventions to Reduce Persistent Inequality," American Economic Review, American Economic Association, vol. 103(3), pages 232-237, May.
    4. Philippe Aghion, 2009. "Growth and Education," World Bank Publications - Books, The World Bank Group, number 27936.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Cognitive skill; economic development; higher education practices;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education

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