Walter W. McMahon: Education and Development : Measuring the Social Benefits

Education and Development : Measuring the Social Benefits


Description

This book develops a new approach to measuring the total returns to human resource development through investment in education. Drawing on microanalytic foundations, it uses regional and worldwide data to estimate the net marginal contributions of education and new knowledge both to economic growth and to wider effects on democratization, human rights, political stability, health, longevity, net population growth rates, reduction of poverty, inequality in income distribution, crime, drug use, and the environment. Externalities including indirect and delayed effects are identified and measured for these market and non-market returns. The total impacts of education policy changes on endogenous development are then estimated for several East Asian, Latin American, African, and industrialized nations using an interactive model. This new approach is important to industrialized and developing countries alike. The diffusion of knowledge and the adaptation of new techniques has been identified as crucial to the growth process in the new endogenous growth models, and is of increasing strategic importance in current knowledge-based globalizing economies. Similarly, the non-monetary returns from education are important in improving human welfare. Measurement of these non-market returns is a crucial but much neglected subject. It has proved frustrating, and existing microanalytic measures have proved piecemeal. The new approach developed here offers some comprehensive estimates and simulation techniques for finding more cost-effective policies, and also suggests new hypotheses for further microanalytic testing.

'Just had a romantic Waterloo sunset spoiled by the sight of a corpse being dredged from the Thames? Welcome to Drowntown. 'The name's Noiret, Leo Noiret. I'm a Minder, which means people hire me to protect them, figuring that my beer belly and monumental streak of bad luck are big enough to intercept any blades, bullets or bad feelings heading their way. 'Staying alive isn't easy, though, when everyone who's anyone in Drowntown wants your new client Education and Development : Measuring the Social Benefits download epub dead in the water. I'm going to need a bigger belly.' The world has changed forever, ravaged by climatic upheaval. The flooded metropolis of London has adapted to the rising sea levels, remaining a centre for international commerce and a magnet for environmental refugees. The elite gaze out over the ever-expanding Thames from their ivory towers, while the denizens of submerged pubs peer into the sunken streets like specimens in an aquarium. Hired by notorious underworld figure Alexandra Bastet, Leo Noiret uncovers a terrifying conspiracy that stretches from the depths of Drowntown to the highest echelons of power and influence.


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Author: Walter W. McMahon
Number of Pages: 316 pages
Published Date: 28 Mar 2002
Publisher: Oxford University Press
Publication Country: Oxford, United Kingdom
Language: English
ISBN: 9780199250721
Download Link: Click Here
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