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Different approaches to bilingual education have been contrasted with almost exclusive regard for educational or peda-gogical issues. In so doing, the effects of …

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DOCUMENT RESUME. ED 473 557 FL 027 565. TITLE Revista de Investigacion Educativa, 2001 (Journal of. Educational Research, 2001). …

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HUMAN DEVELOPMENT AND ECONOMIC GROWTH

Income growth clearly strikes one as the main contributor to directly increasing the capabilities of individuals and consequently the human development of a nation since it encapsulates the economy’s command over resources (Sen, 2000).

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THE EMPIRICS OF ECONOMIC GROWTH 411 but resource endowments, climate, institutions, and so on; it may therefore differ across countries. We assume that lnA(O) = a + E, where a is a constant and E is a country-specific shock. Thus, log income per capita at a given time-time 0 for simplicity-is (7) In a+ In(s)- In(n+g+8)+E.

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3 ECONOMIC GROWTH AND ECONOMIC DEVELOPMENT

This definition of economic growth consists of the following features of economic growth: z Economic Growth implies a process of increase in National Income and Per-Capita Income. The increase in Per-Capita income is the better measure of Economic Growth since it reflects increase in the improvement of living standards of masses.

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fared even better. Over the same period, their average real income increased by 236% (from $1,571,590, adjusted for inflation, to $5,279,695) and their share of national income almost tripled, from 3.4 to 9.5%.1 Over the same 33 years, median household income grew by only 9%. And this growth actually

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Education, Economic Growth, and Social Stability: Why the ...

economic growth.6 Impact of Economic Crisis While more and better education seemed to be a prerequisite for successful economic and social development around the world, many governments’ (including the U.S.) responses to the recent global economic crisis seemed to have taken the countries in an opposite direction.

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