Education : Past, Present and Future Global Challenges
Progress in educational development in the world since 1900 has been slow and uneven between countries. Providing basic education for all children in developing countries has been and remains an unmet challenge of governments and international orga...
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| Format: | Policy Research Working Paper |
| Language: | English |
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2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110329095336 http://hdl.handle.net/10986/3383 |
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okr-10986-3383 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCESS TO CAPITAL ADULTS AGRICULTURAL PRODUCTIVITY AVERAGE LEVEL BASIC EDUCATION BENEFITS OF EDUCATION BUSINESS CYCLES CAPITAL ACCUMULATION CAPITAL THEORY COGNITIVE SKILLS COGNITIVE TEST COMPARATIVE ECONOMICS COMPULSORY EDUCATION COMPULSORY SCHOOLING COUNTRY CASE COUNTRY DATA COUNTRY INEQUALITY COUNTRY LEVEL COUNTRY REGRESSIONS DATA QUALITY DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT GOALS DEVELOPMENT POLICY DEVELOPMENT REPORT DIMINISHING RETURNS DISEQUILIBRIUM ECONOMETRICS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORIANS ECONOMIC HISTORY ECONOMIC LITERATURE ECONOMIC PERFORMANCE ECONOMIC STUDIES ECONOMIC SURVEYS ECONOMIC THEORY ECONOMICS ECONOMICS LETTERS ECONOMICS LITERATURE ECONOMICS OF EDUCATION EDUCATED POPULATION EDUCATED WORKERS EDUCATION ATTAINMENT EDUCATION DATA EDUCATION ECONOMICS EDUCATION EXPENDITURE EDUCATION FOR ALL EDUCATION POLICIES EDUCATION POLICY EDUCATION STATISTICS EDUCATIONAL ATTAINMENT EDUCATIONAL DEVELOPMENT EDUCATIONAL PERFORMANCE EDUCATIONAL POLICIES EDUCATIONAL PROGRESS EDUCATORS EFFECTS OF EDUCATION EMPIRICAL GROWTH LITERATURE EMPIRICAL LITERATURE ENROLLMENT RATE ENROLMENT RATIO ENROLMENT STATISTICS ERROR TERM EXTERNALITY FORMAL EDUCATION GDP GDP PER CAPITA GENDER INEQUALITY GLOBAL EDUCATION GROWTH RATE GROWTH RATES GROWTH REGRESSIONS GROWTH THEORIES GROWTH THEORY HIGH GROWTH HIGHER EDUCATION HIGHER LITERACY HOUSEHOLD SURVEYS HUMAN CAPITAL HUMAN DEVELOPMENT HUMAN RIGHTS ILLITERACY ILLITERACY RATES IMPACT OF EDUCATION INCOME INCOME DATA INCOME DISTRIBUTION INCOME GROWTH INCOME INEQUALITY INCREASING RETURNS INDEPENDENT VARIABLE INEQUALITY DECLINES INFERIOR EDUCATION INTERNATIONAL ORGANIZATIONS INVESTMENT IN EDUCATION LABOR FORCE LEVEL OF EDUCATION LEVELS OF EDUCATION LIQUIDITY LONG-RUN GROWTH LONG-TERM GROWTH LOW EDUCATIONAL ATTAINMENT LOWER LEVEL OF EDUCATION MACROECONOMICS MARGINAL COST MARGINAL RETURNS MICRO DATA MONETARY ECONOMICS MONETARY POLICIES NATIONAL ACCOUNTS NATIONAL INCOME NATIONAL OUTPUT NON-FORMAL EDUCATION PER CAPITA INCOME POLICY RESEARCH POLITICAL ECONOMY POOR COUNTRIES POSITIVE EXTERNALITIES PRIMARY EDUCATION PRIMARY ENROLLMENT PRIMARY SCHOOL PRIMARY SCHOOL AGE PRIMARY SCHOOL AGE CHILDREN PRIMARY SCHOOL ENROLLMENT PRIMARY SCHOOLING PRODUCTION FUNCTION PRODUCTIVITY PUBLIC EXPENDITURE PUBLIC GOOD PUBLIC POLICY REDUCTION OF ILLITERACY RETURNS TO EDUCATION RICH COUNTRIES SCHOOL ENROLLMENT SCHOOL ENROLMENT SCHOOL GRADUATE SCHOOL YEAR SCHOOLING SECONDARY SCHOOL SECONDARY SCHOOLING SIGNIFICANT EFFECT SOCIAL BENEFITS SOCIAL DEVELOPMENT SOCIAL LEARNING SOCIAL WELFARE STANDARD DEVIATION TRADE POLICIES TUITION UNDERESTIMATES UNEMPLOYMENT UNIVERSITIES UNIVERSITY EDUCATION UTILITY FUNCTION VOTERS WAGES |
| spellingShingle |
ACCESS TO CAPITAL ADULTS AGRICULTURAL PRODUCTIVITY AVERAGE LEVEL BASIC EDUCATION BENEFITS OF EDUCATION BUSINESS CYCLES CAPITAL ACCUMULATION CAPITAL THEORY COGNITIVE SKILLS COGNITIVE TEST COMPARATIVE ECONOMICS COMPULSORY EDUCATION COMPULSORY SCHOOLING COUNTRY CASE COUNTRY DATA COUNTRY INEQUALITY COUNTRY LEVEL COUNTRY REGRESSIONS DATA QUALITY DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT GOALS DEVELOPMENT POLICY DEVELOPMENT REPORT DIMINISHING RETURNS DISEQUILIBRIUM ECONOMETRICS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORIANS ECONOMIC HISTORY ECONOMIC LITERATURE ECONOMIC PERFORMANCE ECONOMIC STUDIES ECONOMIC SURVEYS ECONOMIC THEORY ECONOMICS ECONOMICS LETTERS ECONOMICS LITERATURE ECONOMICS OF EDUCATION EDUCATED POPULATION EDUCATED WORKERS EDUCATION ATTAINMENT EDUCATION DATA EDUCATION ECONOMICS EDUCATION EXPENDITURE EDUCATION FOR ALL EDUCATION POLICIES EDUCATION POLICY EDUCATION STATISTICS EDUCATIONAL ATTAINMENT EDUCATIONAL DEVELOPMENT EDUCATIONAL PERFORMANCE EDUCATIONAL POLICIES EDUCATIONAL PROGRESS EDUCATORS EFFECTS OF EDUCATION EMPIRICAL GROWTH LITERATURE EMPIRICAL LITERATURE ENROLLMENT RATE ENROLMENT RATIO ENROLMENT STATISTICS ERROR TERM EXTERNALITY FORMAL EDUCATION GDP GDP PER CAPITA GENDER INEQUALITY GLOBAL EDUCATION GROWTH RATE GROWTH RATES GROWTH REGRESSIONS GROWTH THEORIES GROWTH THEORY HIGH GROWTH HIGHER EDUCATION HIGHER LITERACY HOUSEHOLD SURVEYS HUMAN CAPITAL HUMAN DEVELOPMENT HUMAN RIGHTS ILLITERACY ILLITERACY RATES IMPACT OF EDUCATION INCOME INCOME DATA INCOME DISTRIBUTION INCOME GROWTH INCOME INEQUALITY INCREASING RETURNS INDEPENDENT VARIABLE INEQUALITY DECLINES INFERIOR EDUCATION INTERNATIONAL ORGANIZATIONS INVESTMENT IN EDUCATION LABOR FORCE LEVEL OF EDUCATION LEVELS OF EDUCATION LIQUIDITY LONG-RUN GROWTH LONG-TERM GROWTH LOW EDUCATIONAL ATTAINMENT LOWER LEVEL OF EDUCATION MACROECONOMICS MARGINAL COST MARGINAL RETURNS MICRO DATA MONETARY ECONOMICS MONETARY POLICIES NATIONAL ACCOUNTS NATIONAL INCOME NATIONAL OUTPUT NON-FORMAL EDUCATION PER CAPITA INCOME POLICY RESEARCH POLITICAL ECONOMY POOR COUNTRIES POSITIVE EXTERNALITIES PRIMARY EDUCATION PRIMARY ENROLLMENT PRIMARY SCHOOL PRIMARY SCHOOL AGE PRIMARY SCHOOL AGE CHILDREN PRIMARY SCHOOL ENROLLMENT PRIMARY SCHOOLING PRODUCTION FUNCTION PRODUCTIVITY PUBLIC EXPENDITURE PUBLIC GOOD PUBLIC POLICY REDUCTION OF ILLITERACY RETURNS TO EDUCATION RICH COUNTRIES SCHOOL ENROLLMENT SCHOOL ENROLMENT SCHOOL GRADUATE SCHOOL YEAR SCHOOLING SECONDARY SCHOOL SECONDARY SCHOOLING SIGNIFICANT EFFECT SOCIAL BENEFITS SOCIAL DEVELOPMENT SOCIAL LEARNING SOCIAL WELFARE STANDARD DEVIATION TRADE POLICIES TUITION UNDERESTIMATES UNEMPLOYMENT UNIVERSITIES UNIVERSITY EDUCATION UTILITY FUNCTION VOTERS WAGES Patrinos, Harry Anthony Psacharopoulos, George Education : Past, Present and Future Global Challenges |
| geographic_facet |
The World Region The World Region |
| relation |
Policy Research working paper ; no. WPS 5616 |
| description |
Progress in educational development in
the world since 1900 has been slow and uneven between
countries. Providing basic education for all children in
developing countries has been and remains an unmet challenge
of governments and international organizations alike. This
is in sharp contrast to recent findings in the economics
literature on the catalytic role of human capital for
economic growth and social development in general. Using a
newly constructed matched data set on education and national
accounts in the 1950 to 2010 period, this paper estimates
the loss of income and equity associated with not having a
faster rate of human capital accumulation, using alternative
methodologies and specific country examples. Such loss is
projected backward (1900-1950) and forward (2010-2050) using
plausible assumptions regarding what countries could have
done in the past or may do in the future to accelerate human
capital formation. The findings suggest that the welfare
loss in terms of per capita income conservatively ranges
from about 7 to 10 percent. Improved educational attainment
is also shown to have an effect in reducing income inequality. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Patrinos, Harry Anthony Psacharopoulos, George |
| author_facet |
Patrinos, Harry Anthony Psacharopoulos, George |
| author_sort |
Patrinos, Harry Anthony |
| title |
Education : Past, Present and Future Global Challenges |
| title_short |
Education : Past, Present and Future Global Challenges |
| title_full |
Education : Past, Present and Future Global Challenges |
| title_fullStr |
Education : Past, Present and Future Global Challenges |
| title_full_unstemmed |
Education : Past, Present and Future Global Challenges |
| title_sort |
education : past, present and future global challenges |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110329095336 http://hdl.handle.net/10986/3383 |
| _version_ |
1764386893843136512 |
| spelling |
okr-10986-33832021-04-23T14:02:09Z Education : Past, Present and Future Global Challenges Patrinos, Harry Anthony Psacharopoulos, George ACCESS TO CAPITAL ADULTS AGRICULTURAL PRODUCTIVITY AVERAGE LEVEL BASIC EDUCATION BENEFITS OF EDUCATION BUSINESS CYCLES CAPITAL ACCUMULATION CAPITAL THEORY COGNITIVE SKILLS COGNITIVE TEST COMPARATIVE ECONOMICS COMPULSORY EDUCATION COMPULSORY SCHOOLING COUNTRY CASE COUNTRY DATA COUNTRY INEQUALITY COUNTRY LEVEL COUNTRY REGRESSIONS DATA QUALITY DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT GOALS DEVELOPMENT POLICY DEVELOPMENT REPORT DIMINISHING RETURNS DISEQUILIBRIUM ECONOMETRICS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORIANS ECONOMIC HISTORY ECONOMIC LITERATURE ECONOMIC PERFORMANCE ECONOMIC STUDIES ECONOMIC SURVEYS ECONOMIC THEORY ECONOMICS ECONOMICS LETTERS ECONOMICS LITERATURE ECONOMICS OF EDUCATION EDUCATED POPULATION EDUCATED WORKERS EDUCATION ATTAINMENT EDUCATION DATA EDUCATION ECONOMICS EDUCATION EXPENDITURE EDUCATION FOR ALL EDUCATION POLICIES EDUCATION POLICY EDUCATION STATISTICS EDUCATIONAL ATTAINMENT EDUCATIONAL DEVELOPMENT EDUCATIONAL PERFORMANCE EDUCATIONAL POLICIES EDUCATIONAL PROGRESS EDUCATORS EFFECTS OF EDUCATION EMPIRICAL GROWTH LITERATURE EMPIRICAL LITERATURE ENROLLMENT RATE ENROLMENT RATIO ENROLMENT STATISTICS ERROR TERM EXTERNALITY FORMAL EDUCATION GDP GDP PER CAPITA GENDER INEQUALITY GLOBAL EDUCATION GROWTH RATE GROWTH RATES GROWTH REGRESSIONS GROWTH THEORIES GROWTH THEORY HIGH GROWTH HIGHER EDUCATION HIGHER LITERACY HOUSEHOLD SURVEYS HUMAN CAPITAL HUMAN DEVELOPMENT HUMAN RIGHTS ILLITERACY ILLITERACY RATES IMPACT OF EDUCATION INCOME INCOME DATA INCOME DISTRIBUTION INCOME GROWTH INCOME INEQUALITY INCREASING RETURNS INDEPENDENT VARIABLE INEQUALITY DECLINES INFERIOR EDUCATION INTERNATIONAL ORGANIZATIONS INVESTMENT IN EDUCATION LABOR FORCE LEVEL OF EDUCATION LEVELS OF EDUCATION LIQUIDITY LONG-RUN GROWTH LONG-TERM GROWTH LOW EDUCATIONAL ATTAINMENT LOWER LEVEL OF EDUCATION MACROECONOMICS MARGINAL COST MARGINAL RETURNS MICRO DATA MONETARY ECONOMICS MONETARY POLICIES NATIONAL ACCOUNTS NATIONAL INCOME NATIONAL OUTPUT NON-FORMAL EDUCATION PER CAPITA INCOME POLICY RESEARCH POLITICAL ECONOMY POOR COUNTRIES POSITIVE EXTERNALITIES PRIMARY EDUCATION PRIMARY ENROLLMENT PRIMARY SCHOOL PRIMARY SCHOOL AGE PRIMARY SCHOOL AGE CHILDREN PRIMARY SCHOOL ENROLLMENT PRIMARY SCHOOLING PRODUCTION FUNCTION PRODUCTIVITY PUBLIC EXPENDITURE PUBLIC GOOD PUBLIC POLICY REDUCTION OF ILLITERACY RETURNS TO EDUCATION RICH COUNTRIES SCHOOL ENROLLMENT SCHOOL ENROLMENT SCHOOL GRADUATE SCHOOL YEAR SCHOOLING SECONDARY SCHOOL SECONDARY SCHOOLING SIGNIFICANT EFFECT SOCIAL BENEFITS SOCIAL DEVELOPMENT SOCIAL LEARNING SOCIAL WELFARE STANDARD DEVIATION TRADE POLICIES TUITION UNDERESTIMATES UNEMPLOYMENT UNIVERSITIES UNIVERSITY EDUCATION UTILITY FUNCTION VOTERS WAGES Progress in educational development in the world since 1900 has been slow and uneven between countries. Providing basic education for all children in developing countries has been and remains an unmet challenge of governments and international organizations alike. This is in sharp contrast to recent findings in the economics literature on the catalytic role of human capital for economic growth and social development in general. Using a newly constructed matched data set on education and national accounts in the 1950 to 2010 period, this paper estimates the loss of income and equity associated with not having a faster rate of human capital accumulation, using alternative methodologies and specific country examples. Such loss is projected backward (1900-1950) and forward (2010-2050) using plausible assumptions regarding what countries could have done in the past or may do in the future to accelerate human capital formation. The findings suggest that the welfare loss in terms of per capita income conservatively ranges from about 7 to 10 percent. Improved educational attainment is also shown to have an effect in reducing income inequality. 2012-03-19T18:01:29Z 2012-03-19T18:01:29Z 2011-03-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110329095336 http://hdl.handle.net/10986/3383 English Policy Research working paper ; no. WPS 5616 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region |