Lanterna Rally

Author: Johnny Ch Lok

Publisher:

Published: 2020-03-16

Total Pages: 112

ISBN-13:

⦁How measure of the relationship between education and productivity and economic growth can be quantified clearing to developing Asia of developing countries. The GDP per unit of labor input should be related to the share of labor of a particular type (graduates or workers at different qualification levels) weighted by the average human capital of the type of worker (captured by the relative wages of different types of labor input). It seems measure of the relationship between education and productivity and economic growth can be quantified clearing to developing Asia any countries.In past, the EUKLEMS project indicated key findings of 15 developed countries for one economic report: GDP per employment hour increased from 1992 year to 2005 year, the highest annual average percentage change was in Finland (2.7%), Japan (2.5%) and the UK (2.4%). These countries had the lowest level of GDP per employment hour in 1982 year, when the period considered the Netherlands and the USA had the highest GDP employment hour. Also it indicated the share of employment with tertiary education also increased from 1982 year to 2005 year in all countries. The highest annual average percentage change was in Australia (5%) followed by the UK (4.9%). Both of these countries had relatively low shares of employment with tertiary education in 1982 year at 6%, compared with 22.1% in the USA and 18.7% in Finland. The large increased closed the gap, but the USA and Finland still had higher employment shares with tertiary education than Australia and the UK in 2005 year. The economic report also indicatd that a 1% increase in the share of the workforce with a university degree raises the level of long run productivity by 0.2%-0.5%. So, it implied the education and productivity has close relationship to developed countries also. However, the economic benefits, both to the individual and to the wider economy of a university degree with clearly depend on the quality and skills to developing and developed countries both.So, improvement in educational outcomes have been widely recognised as essential in enhancing growth in both developed and developing countries. In fact, education is acquire by individuals provide social returns at the macroeconomic level and addition indirect benefits to economic growth.⦁How to measure of the growth rate of productivity to the average level or growth rate of education within any developing Asia countries.Firstly, I suppose it has relationship between human capital and education has close relationship to cause economic growth to any developed or developing countries both nowadays. Because if human capital and education factor has close relationship to influence any country's economic growth, then it is possible to cause productivity and economic growth has close relationship. However, some economists indicate the evidence on the relationship between human capital and economic growth and who conclude that there is strong evidence that human capital increases productivity. Suggesting that education really is productivity-enhancing, rather than education is used by individuals to signal their ability to potential employers.The primary measures are used to capture the average level of human capital per worker include: I.The average number of years of schooling of the workforce or population, which assumes a linear relationship with human capital.II.The share of the workforce population with specific educational qualifications.III.School enrollment rates, specially as a starting value. This flow into education is often used as stock of qualifications and is available for developed Asia countries, e.g. Hong Kong, Japan and developing Asia countries, e.g. China, Korea both.