THE EFFECT OF EDUCATION ON ECONOMIC GROWTH OF IRAN DURING THE YEARS 1971-2003

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ELMI Z.; JAMSHIDNEZHAD AMIR

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Journal: JOURNAL OF THE FACULTY OF HUMANITIES AND SOCIAL SCIENCES Year:2007 | Volume: | Issue: Page(s): 135-154

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Title

THE EFFECT OF EDUCATION ON ECONOMIC GROWTH OF IRAN DURING THE YEARS 1971-2003

Author(s)

ELMI Z. | JAMSHIDNEZHAD AMIR | Issue Writer Certificate

Keywords

EDVCATIONQ2

ECONOMICS GROWTHQ3

HUMAN CAPITALQ3

LUCAS MODELQ3

IRANQ2

Abstract

Since 1930s, much of attention of macroeconomists have focused on economic growth model, so that it progressed notably in some dimensions such as the kind of production function and its inputs, diminishing or increasing returns to accumulation of physical and HUMAN CAPITAL.Before 1960s, only physical capital was the important factor in production function in growth model, but endogenous growth model had a key role to introduce HUMAN CAPITAL in production function. These days, in applied economics, researchers use investment in education as a proxy for HUMAN CAPITAL.In this paper, by using Lucas endogenous growth model and micro data which is gathered by SCI and macro data which is gathered by CBI, we showed that labour formal education as a proxy for HUMAN CAPITAL has a positive effect on economic growth of IRAN during 1972- 2003.

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APA: Copy

ELMI, Z., & JAMSHIDNEZHAD, AMIR. (2007). THE EFFECT OF EDUCATION ON ECONOMIC GROWTH OF IRAN DURING THE YEARS 1971-2003. JOURNAL OF THE FACULTY OF HUMANITIES AND SOCIAL SCIENCES, 7(26), 135-154. SID. https://sid.ir/paper/408551/en

Vancouver: Copy

ELMI Z., JAMSHIDNEZHAD AMIR. THE EFFECT OF EDUCATION ON ECONOMIC GROWTH OF IRAN DURING THE YEARS 1971-2003. JOURNAL OF THE FACULTY OF HUMANITIES AND SOCIAL SCIENCES[Internet]. 2007;7(26):135-154. Available from: https://sid.ir/paper/408551/en

IEEE: Copy

Z. ELMI, and AMIR JAMSHIDNEZHAD, “THE EFFECT OF EDUCATION ON ECONOMIC GROWTH OF IRAN DURING THE YEARS 1971-2003,” JOURNAL OF THE FACULTY OF HUMANITIES AND SOCIAL SCIENCES, vol. 7, no. 26, pp. 135–154, 2007, [Online]. Available: https://sid.ir/paper/408551/en

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