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Higher education expansion and economic growth in Japan and south Korea

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  • Higher education expansion and economic growth in Japan and south Korea
  • Lee, Eun Kyung
  • University of Pittsburgh


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Title Higher education expansion and economic growth in Japan and south Korea
Similar Titles
Material Type Articles
Author(English)

Lee, Eun Kyung

Publisher

[Pittsburgh]:University of Pittsburgh

Date 2012-04
Subject Country Japan(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Conditions
Social Development < Education
Holding University of Pittsburgh

Abstract

The concept of linking higher education and economic growth was diffused throughout the world in the 20th century. Responding to the needs of industries during that period, higher education expanded approximately 200 times beyond the enrollment level in 1900 (Schofer & Meyer, 2005). Empirical studies dealing with the individual benefit of higher education have flourished but little was known about the effect of higher education composition on economic growth. This research investigates contributions of higher education composition—institutional sector and major—to the growth of national wealth. This study chose Japan and South Korean cases that exemplify rapid growth in the economies through higher education development. The study collected the panel data about higher education and the economies from 1959 to 2009 for Japan and from 1965 to 2011 for South Korea and applied an ARIMA model regression for time series analysis. (The rest omitted)