내생경제성장모형에서 교육의 역할 추정 = Contributions of Education to Economic Development with Endogenous Growth and Policy Implications

다국어 초록 (Multilingual Abstract)

ABSTRACTEndogenous growth in East Asia is seen in this thesis to be results of an interaction
between the expansion of education with the diffusion of capacities to adapt and use
more productive technologies. These human resource capacities in the labor force have
been essential and aided the export-oriented growth strategies that each of these nations
have pursued.The main theme of this paper was to investigate the role of education as a source of
economic growth in Korea. In this study, first, the objective mode was built by extending
neoclassical Solow growth theory.Second, the capital deepening typical of an endogenous economic per-capita growth
model was developed empirically for seven East-Asian economies as for the medium
term, during 1965 ~ 1989. And then we found the meaning of coefficients of growth
factors, direct relative contribution of each input to per-capita growth in seven
East-Asian countries, relative indirect contribution of education to per-capita growth in
Korea, accounting for difference due to accumulation in Korea.The indirect relative contributions of secondary and higher education and R & D to
per-capita growth change the results somewhat. Secondary education is still the largest
single contributor 65 percent of predicted growth is due to secondary school enrollment
in Korea. Primary education comes second with 36.2 percent and followed by higher
education at 4.7 percent. Physical investment gives 24.9 percent and unimproved raw
labor contributes only 6.6 percent.The productivity of education is given prime importance in modem per-capita growth
models. These models also accommodate endogenous technological change leading to
increasing return to scale. The effects of education on per-capita growth are seen in
three ways: (1) through the increased educational attainment as the labor force increases
their skills and hence their productivity, (2) through the contribution of investment in
higher education to the conduct of R & D, and the training of R & D demand for firms
as endogenous technical change, and (3) through the ability to transfer the technology from
more advanced countries, as well as to learn and adapt to new technologies on the job.