IDEAS home Printed from https://ideas.repec.org/a/rss/jnljee/v2i4p3.html
   My bibliography  Save this article

What Kind of Education is good For US Productivity? Community Colleges versus Universities

Author

Listed:
  • Tam Bang Vu
  • Eric Iksoon Im
  • Ashley Bulseco-McKim

Abstract

Community college education has been considered the most important mode of education in developing countries. In the US however, community colleges take a back seat in comparison to four-year colleges. Although more attention has been directed to community colleges recently, this mode of education is still considered good only for short term recovery from the recession. This paper performed data analysis on panel data for all fifty states in the US and Washington D.C. The results reveal that the aggregate effect on productivity of associate degree holders is much higher than that of bachelor degree holders. Since community college education results in a higher level of productivity than university education, the long term effect of the former is superior to that of the latter on the US economy.. We then compare and contrast the effects across different regions in the country.

Suggested Citation

  • Tam Bang Vu & Eric Iksoon Im & Ashley Bulseco-McKim, 2014. "What Kind of Education is good For US Productivity? Community Colleges versus Universities," Journal of Empirical Economics, Research Academy of Social Sciences, vol. 2(4), pages 204-215.
    • Handle: RePEc:rss:jnljee:v2i4p3
    as

    Download full text from publisher

    File URL: http://rassweb.org/admin/pages/ResearchPapers/Paper%203_1496873158.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Vu, Tam Bang & Hammes, David L. & Im, Eric Iksoon, 2012. "Vocational or university education? A new look at their effects on economic growth," Economics Letters, Elsevier, vol. 117(2), pages 426-428.
    2. Christopher Jepsen & Kenneth Troske & Paul Coomes, 2014. "The Labor-Market Returns to Community College Degrees, Diplomas, and Certificates," Journal of Labor Economics, University of Chicago Press, vol. 32(1), pages 95-121.
    3. Stephen R. Bond, 2002. "Dynamic panel data models: a guide to micro data methods and practice," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 1(2), pages 141-162, August.
    4. Spetz, Joanne, 2002. "The value of education in a licensed profession: the choice of associate or baccalaureate degrees in nursing," Economics of Education Review, Elsevier, vol. 21(1), pages 73-85, February.
    5. Kumar, Krishna B., 2003. "Education And Technology Adoption In A Small Open Economy: Theory And Evidence," Macroeconomic Dynamics, Cambridge University Press, vol. 7(4), pages 586-617, September.
    6. Stephen Bond, 2002. "Dynamic panel data models: a guide to microdata methods and practice," CeMMAP working papers CWP09/02, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
    7. Kane, Thomas J & Rouse, Cecilia Elena, 1995. "Labor-Market Returns to Two- and Four-Year College," American Economic Review, American Economic Association, vol. 85(3), pages 600-614, June.
    8. Peter J. Klenow & Mark Bils, 2000. "Does Schooling Cause Growth?," American Economic Review, American Economic Association, vol. 90(5), pages 1160-1183, December.
    9. Nazrul Islam, 1995. "Growth Empirics: A Panel Data Approach," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(4), pages 1127-1170.
    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. Chu, Shuai & Liu, Xiangbo, 2021. "Do research universities boost regional economic development? - Evidence from China," GLO Discussion Paper Series 748, Global Labor Organization (GLO).

    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. Eric Im & Gene Johnson & Tam Vu, 2017. "Vocational Education, Per Capita Income, and Employment in the US," Business and Economic Research, Macrothink Institute, vol. 7(2), pages 392-403, December.
    2. Tam Bang Vu & Amber Osman & Bilal Hussain & Osama Faheem Faizan Farid Ahmed Ali, 2011. "Vocational Schools and Regional Development in China," Journal of Economics and Behavioral Studies, AMH International, vol. 3(6), pages 363-369.
    3. Vu, Tam Bang & Hammes, David L. & Im, Eric Iksoon, 2012. "Vocational or university education? A new look at their effects on economic growth," Economics Letters, Elsevier, vol. 117(2), pages 426-428.
    4. Ulaşan, Bülent, 2012. "Cross-country growth empirics and model uncertainty: An overview," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 6, pages 1-69.
    5. Adhikari, Tamanna & Whelan, Karl, 2023. "Did raising doing business scores boost GDP?," Journal of Comparative Economics, Elsevier, vol. 51(3), pages 1011-1030.
    6. Markus Eberhardt & Francis Teal, 2011. "Econometrics For Grumblers: A New Look At The Literature On Cross‐Country Growth Empirics," Journal of Economic Surveys, Wiley Blackwell, vol. 25(1), pages 109-155, February.
    7. Angel de la Fuente & Antonio Ciccone, 2003. "Human capital in a global and knowledge-based economy," UFAE and IAE Working Papers 562.03, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    8. Markus Eberhardt & Francis Teal, 2008. "Modeling Technology and Technological Change in Manufacturing: How do Countries Differ?," CSAE Working Paper Series 2008-12, Centre for the Study of African Economies, University of Oxford.
    9. Martin Bijsterbosch & Marcin Kolasa, 2010. "FDI and productivity convergence in Central and Eastern Europe: an industry-level investigation," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 145(4), pages 689-712, January.
    10. Coen Teulings & Thijs van Rens, 2008. "Education, Growth, and Income Inequality," The Review of Economics and Statistics, MIT Press, vol. 90(1), pages 89-104, February.
    11. Cerina, Fabio & Manca, Fabio, 2018. "Catch Me If You Learn: Development-Specific Education And Economic Growth," Macroeconomic Dynamics, Cambridge University Press, vol. 22(6), pages 1652-1694, September.
    12. Yongfu Huang, 2011. "Private investment and financial development in a globalized world," Empirical Economics, Springer, vol. 41(1), pages 43-56, August.
    13. Tamanna Adhikari & Karl Whelan, 2019. "Do Business-Friendly Reforms Boost GDP?," Working Papers 201930, School of Economics, University College Dublin.
    14. Strieborny Martin, 2010. "Inequality and Growth: The Role of Beliefs and Culture," Cahiers de Recherches Economiques du Département d'économie 10.15, Université de Lausanne, Faculté des HEC, Département d’économie.
    15. Li, Hongbin & Yang, Zheyu & Yao, Xianguo & Zhang, Haifeng & Zhang, Junsen, 2012. "Entrepreneurship, private economy and growth: Evidence from China," China Economic Review, Elsevier, vol. 23(4), pages 948-961.
    16. Docquier, F. & Vasilakis, Ch. & Tamfutu Munsi, D., 2014. "International migration and the propagation of HIV in sub-Saharan Africa," Journal of Health Economics, Elsevier, vol. 35(C), pages 20-33.
    17. Salima Bouayad Agha & Nadine Turpin & Lionel Vedrine, 2010. "Fostering the potential endogenous development of European regions: a spatial dynamic panel data analysis of the Cohesion Policy on regional convergence over the period 1980-2005," Working Papers halshs-00812077, HAL.
    18. Burnett, J. Wesley, 2016. "Club convergence and clustering of U.S. energy-related CO2 emissions," Resource and Energy Economics, Elsevier, vol. 46(C), pages 62-84.
    19. Kieran McQuinn & Karl Whelan, 2007. "Solow ( 1956 ) as a model of cross-country growth dynamics," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 23(1), pages 45-62, Spring.
    20. Johanna Vogel, 2015. "The two faces of R&D and human capital: Evidence from Western European regions," Papers in Regional Science, Wiley Blackwell, vol. 94(3), pages 525-551, August.

    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:rss:jnljee:v2i4p3. 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: Danish Khalil (email available below). General contact details of provider: http://www.rassweb.org .

    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.