IDEAS home Printed from https://ideas.repec.org/a/uwp/jhriss/v2y1967i3p347-358.html
   My bibliography  Save this article

Investment in Education in India

Author

Listed:
  • A. M. Nalla Gounden

Abstract

In this paper, education is treated as a form of investment. No attempt is made to measure the contribution of education to economic growth. Internal rates of return to investment in education in India for the year 1960-61 are estimated and compared with Professor A. C. Harberger's estimate of the rates of return to physical capital. "Net" education capital formation during the period 1950-51 to 1960-61 is also estimated at 1960-61 prices and compared with physical capital formation during the same period. The study indicates that education is not an attractive form of investment when compared with physical capital. Within the educational system, primary education is the most attractive and collegiate nonprofessional education the least attractive form of investment. The study suggests diversion of resources in favor of physical capital.

Suggested Citation

  • A. M. Nalla Gounden, 1967. "Investment in Education in India," Journal of Human Resources, University of Wisconsin Press, vol. 2(3), pages 347-358.
    • Handle: RePEc:uwp:jhriss:v:2:y:1967:i:3:p:347-358
    as

    Download full text from publisher

    File URL: http://www.jstor.org/stable/pdfplus/144839
    Download Restriction: A subscripton is required to access pdf files. Pay per article is available.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

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


    Cited by:

    1. Sayantan Ghosh Dastidar & Sushil Mohan & Monojit Chatterji, 2012. "The relationship between public education expenditure and economic growth: The case of India," Dundee Discussion Papers in Economics 273, Economic Studies, University of Dundee.
    2. Sugeeta Upadhyay, 2008. "On the Economics of Higher Education in India, With Special Reference to Women," Working Papers id:1694, eSocialSciences.
    3. Ghosh Dastidar, Sayantan & Chatterji, Monojit, 2015. "Public expenditure in different education sectors and economic growth: The Indian experience," MPRA Paper 66903, University Library of Munich, Germany.
    4. Humaira Kamal Pasha, 2021. "Education Attainment and Economic Growth of Asian Developing Countries," Working Papers hal-03230025, HAL.
    5. S. Venkatanarayanan, 2015. "Economic Liberalization in 1991 and Its Impact on Elementary Education in India," SAGE Open, , vol. 5(2), pages 21582440155, May.
    6. Irias, Luiz Jose Maria & Avila, Antonio Flavio Dias, 1987. "Returns to Investment in Training of Agricultural Researchers," 1987 Occasional Paper Series No. 4 197419, International Association of Agricultural Economists.
    7. P. Geetha Rani, 2014. "Disparities in earnings and education in India," Cogent Economics & Finance, Taylor & Francis Journals, vol. 2(1), pages 1-18, December.
    8. A.G. Holtmann, 1973. "The Timing of Investments in Human Capital: a Case in Education," Public Finance Review, , vol. 1(3), pages 300-306, July.

    More about this item

    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:uwp:jhriss:v:2:y:1967:i:3:p:347-358. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: the person in charge (email available below). General contact details of provider: http://jhr.uwpress.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.