• P-ISSN 0974-6846 E-ISSN 0974-5645

Indian Journal of Science and Technology


Indian Journal of Science and Technology

Year: 2015, Volume: 8, Issue: Supplementary 1, Pages: 1-6

Original Article

Does the US Need an Educational Reform for Economic Growth?


The paper empirically investigates the effect of education on economic growth of local regions with standard growth regression models using a set of cross-sectional data for sub-state counties of 50 US states. The findings suggest the existence of income convergence among US counties, a strong growth-enhancing effect of human capital accumulation measured by schooling years, a negative effect of the unemployment rate and a positive effect of the net migration rate on the growth rate. In contrast, government expenditure on education appears to have a negative association with growth, suggesting the ineffectiveness of US education policies. Furthermore, the result indicates possible failures of secondary education in the US regions.
Keywords: Convergence, Education, Human Capital, Migration, Regional Growth, Unemployment


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