Advertisement
Published in:
2011 | OriginalPaper | Chapter
Skill Formation through Education and Training: A Comparison of China and India
Author : Yoko Asuyama
Published in: Industrial Dynamics in China and India
Publisher: Palgrave Macmillan UK
Activate our intelligent search to find suitable subject content or patents.
Select sections of text to find matching patents with Artificial Intelligence. powered by
Select sections of text to find additional relevant content using AI-assisted search. powered by
Human capital is considered one of the most important sources of economic growth (Lucas 1988; Romer 1986). Many empirical studies found a positive association between the quantity of education and economic growth (Barro 1991; Benhabib and Spiegel 1994). Quality of education also matters (Hanushek and Kimko 2000). Not only average skill level, but also the pattern of skill distribution in the economy affects its industrial comparative advantage (Bombardini et al. 2009; Grossman 2004; Grossman and Maggi 2000). Examining quantity, quality, and distribution of skills and the mechanisms of how these skills are generated in an economy has important implications for understanding the path of economic development in the past and the future.