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Education Investment and GDP growth in Jordan 원문보기

  • 저자

    Park, Soo Ryeo

  • 학위수여기관

    HANKUK UNIVERSITY OF FOREIGN STUDIES. Graduate School of International and Area Studies

  • 학위구분

    국내석사

  • 학과

    중동·아프리카학과

  • 지도교수

    Seo, Jeong Min

  • 발행년도

    2014

  • 총페이지

    71 p

  • 키워드

    Education Education Investment GDP Growth Jordan Economic Development Human Capital;

  • 언어

    eng

  • 원문 URL

    http://www.riss.kr/link?id=T13538850&outLink=K  

  • 초록

    Education Investment and GDP growth in Jordan South Korea is widely considered as a successful model that has achieved the economic growth through educational investment over a short period of time. Jordan also has invested in education for over two decades. However, the country has been suffering from a low GDP growth, a high unemployment rate. This research explores the correlation between investment in education and economic development through analyzing simple linear regression. The analysis utilizes data from the enrollment rate in all level of education and GDP per capita for two decades. Firstly, this research determines the correlation between enrollment rate and GDP per capita through analysis of OECD countries and Middle Eastern countries. Secondly, this research examines the correlation between enrollment rate and GDP per capita of South Korea and Jordan. On the basis of this result, this research also finds the factor that Jordan still has low performance outcomes in its economy despite its education investment. The first analysis found that Middle Eastern countries have a stronger correlation between education and economic growth than OECD countries. In particular, tertiary education contributes the most than other education in both regions. This research identifies through this analysis, the applicability of human capital theory in Middle Eastern countries. It means that Middle Eastern countries could expect to seek economic development through human capital accumulated by education, especially, primary education and tertiary education including universities, technical training institutes, community colleges, and research laboratories. The second analysis reveals that education has a weak correlation with economic development in Jordan. This research suggests that the weak educational contribution for economy is due to the differences between major education courses in tertiary schools and major industries in Jordan, 'mismatch phenomenon'. This research concludes that Jordan is able to expect the economic growth through education investment based on human capital theory. Nevertheless, Jordan needs to reform state-level education policy in order to correspond with the needs of these major industries like the South Korean model.


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