ATTEMPTS TO EXPLAIN THE “ASIA’S MIRACLE” BY FACTOR THEORY. THE ROLE OF EDUCATIONAL EXPENSES
Objective: to reveal the limits of human capital growth in developing and transitive economies. Method: comparative analysis. Results: hypothesis of formulated, that educational expenses under the average per capita GDP lower than $ 10 thousand can not significantly influence the growth of education...
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| Format: | Article |
| Language: | English |
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Tatar Educational Center “Taglimat” Ltd.
2013-09-01
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| Series: | Russian Journal of Economics and Law |
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| Online Access: | https://www.rusjel.ru/jour/article/view/1406 |
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| author | N. F. Ugaslov |
| author_facet | N. F. Ugaslov |
| author_sort | N. F. Ugaslov |
| collection | DOAJ |
| description | Objective: to reveal the limits of human capital growth in developing and transitive economies. Method: comparative analysis. Results: hypothesis of formulated, that educational expenses under the average per capita GDP lower than $ 10 thousand can not significantly influence the growth of educational index of the population and the growth of human capital. Scientific novelty: the influence of GDP growth on investment level in science and education in developing countries is revealed; it is shown that reducing costs on education increases the Russia’ lagging behind the West, and that with the per capita GDP existing in Russia and Third World countries the effect of education financing of less than 7% will be negligible. Practical value: possibility to use the research results when investing capital into science and education in Russia. |
| format | Article |
| id | doaj-art-a56af0eedcf746d09965b61f4e4b4ba5 |
| institution | Kabale University |
| issn | 2782-2923 |
| language | English |
| publishDate | 2013-09-01 |
| publisher | Tatar Educational Center “Taglimat” Ltd. |
| record_format | Article |
| series | Russian Journal of Economics and Law |
| spelling | doaj-art-a56af0eedcf746d09965b61f4e4b4ba52024-12-18T11:46:57ZengTatar Educational Center “Taglimat” Ltd.Russian Journal of Economics and Law2782-29232013-09-01031591651404ATTEMPTS TO EXPLAIN THE “ASIA’S MIRACLE” BY FACTOR THEORY. THE ROLE OF EDUCATIONAL EXPENSESN. F. Ugaslov0Institute of Economics, Management and Law (Kazan)Objective: to reveal the limits of human capital growth in developing and transitive economies. Method: comparative analysis. Results: hypothesis of formulated, that educational expenses under the average per capita GDP lower than $ 10 thousand can not significantly influence the growth of educational index of the population and the growth of human capital. Scientific novelty: the influence of GDP growth on investment level in science and education in developing countries is revealed; it is shown that reducing costs on education increases the Russia’ lagging behind the West, and that with the per capita GDP existing in Russia and Third World countries the effect of education financing of less than 7% will be negligible. Practical value: possibility to use the research results when investing capital into science and education in Russia.https://www.rusjel.ru/jour/article/view/1406human capitaleducation costseducation economyeconomic growth |
| spellingShingle | N. F. Ugaslov ATTEMPTS TO EXPLAIN THE “ASIA’S MIRACLE” BY FACTOR THEORY. THE ROLE OF EDUCATIONAL EXPENSES Russian Journal of Economics and Law human capital education costs education economy economic growth |
| title | ATTEMPTS TO EXPLAIN THE “ASIA’S MIRACLE” BY FACTOR THEORY. THE ROLE OF EDUCATIONAL EXPENSES |
| title_full | ATTEMPTS TO EXPLAIN THE “ASIA’S MIRACLE” BY FACTOR THEORY. THE ROLE OF EDUCATIONAL EXPENSES |
| title_fullStr | ATTEMPTS TO EXPLAIN THE “ASIA’S MIRACLE” BY FACTOR THEORY. THE ROLE OF EDUCATIONAL EXPENSES |
| title_full_unstemmed | ATTEMPTS TO EXPLAIN THE “ASIA’S MIRACLE” BY FACTOR THEORY. THE ROLE OF EDUCATIONAL EXPENSES |
| title_short | ATTEMPTS TO EXPLAIN THE “ASIA’S MIRACLE” BY FACTOR THEORY. THE ROLE OF EDUCATIONAL EXPENSES |
| title_sort | attempts to explain the asia s miracle by factor theory the role of educational expenses |
| topic | human capital education costs education economy economic growth |
| url | https://www.rusjel.ru/jour/article/view/1406 |
| work_keys_str_mv | AT nfugaslov attemptstoexplaintheasiasmiraclebyfactortheorytheroleofeducationalexpenses |