Institutional Governance, Education and Growth-机构治理、教育和增长

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英文文献：Institutional Governance, Education and Growth-机构治理、教育和增长
英文文献作者：Mohamed Jellal,Mohamed, Bouzahzah,Simplice Asongu
英文文献摘要：
This study articulates the interaction between institutional governance, education and economic growth. Given the current pursuit of education policy reforms and knowledge economy around the world, it is of policy relevance to theoretically analyze the main mechanisms by which the macroeconomic impact of education on growth (and economic development) occurs. Our theoretical model demonstrates how incentives offered by the government affect human capital accumulation which ultimately engenders positive economic development externalities. We articulate two main channels through which education affects economic growth. The first channel highlights direct positive effect of educational quality on the incentive to accumulate human capital by individuals, which makes them more productive. The second channel appears in the explicit function of the economic growth rate. As a policy implication, we have shown that the growth rate depends on the rate of return on human capital or that this rate of return itself depends on the quality of governance, which further increases growth. As a result, institutional quality has a double dividend, which suggests considerable benefits to educational reforms.

本研究阐明了制度治理、教育和经济增长之间的相互作用。鉴于当前世界各国对教育政策改革和知识经济的追求，从理论上分析教育对增长(和经济发展)产生宏观经济影响的主要机制具有政策相关性。我们的理论模型论证了政府激励机制如何影响人力资本积累，从而最终产生积极的经济发展外部性。我们提出了教育影响经济增长的两个主要渠道。第一种途径是强调教育质量对激励个人积累人力资本的直接积极作用，从而提高个人的生产力。第二种渠道表现在经济增长率的显式函数中。作为一种政策暗示，我们已经表明，增长率取决于人力资本的回报率，或者这个回报率本身取决于进一步促进增长的治理质量。因此，制度质量具有双重红利，对教育改革具有可观的效益。

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