VIEWS: 2 PAGES: 4 CATEGORY: College POSTED ON: 8/8/2013
The economic growth of a nation depends upon human capital. As economies grow, returns to education also typically grow. As we move from traditional agrarian economies to more diversified and complex economies, the advantages to an individual from education rises.
Macroeconomics Homework Help 24/7 Support Step-by-Step Solutions LEARN TO EXCEL Experienced Tutors Detailed Explanation www.classof1.com/homework-help/macroeconomics Toll Free: 1-877-252-7763 Subject: Macroeconomics Education Ideas in Economic Development The economic growth of a nation depends upon human capital. As economies grow, returns to education also typically grow. As we move from traditional agrarian economies to more diversified and complex economies, the advantages to an individual from education rises. So if we want a nation’s poor to benefit from growth, improving their educational outcomes is their key. This leads us to one of the central preoccupations of development economists in the last decade or so: Of the many investments one could make in education, which have the highest payoffs? Is it better to invest in more books or more teachers? How much does the quality of teachers matter? Are investments most important in the first years of education or later? In a world with limited resources in which educational outcomes are very important, getting the right answers to these questions is vital. For most middle-class American students, it may come as a surprise that in the developing world, teacher absenteeism is a serious problem. A recent study led by researchers from the World Bank found, for example, that on an average day, 27 percent of Ugandan and 25 percent of Indian teachers are not at work. Across six poor countries, teacher absences averaged 19 percent. The Poverty Research Lab has conducted a number of experiments in a range of developing countries to see how one might reduce these absences. The most successful intervention was introduced in Rajasthan, India, by an NGO called SevaMandir. Each day when he or she arrived, the teachers in half of SevaMandir’s 160-single teacher schools were asked to have their picture taken with the children. Cameras were date-stamped. This evidence of attendance fed into the compensation of the teacher. Teacher absentee rates were cut in half relative to the seemingly identical classrooms in which no cameras were introduced. Student absenteeism is also a problem throughout the developing world, reducing educational outcomes even when schools are well staffed with qualified teachers. Several countries, including Mexico, have introduced cash payments to parents for sending their children to school regularly. Since the Mexican government introduced these payments over time, Macroeconomics Homework Help from Classof1.com *The Homework solutions from Classof1 are intended to help students understand the approach to solving the problem and not for submitting the same in lieu of their academic submissions for grades. Subject: Macroeconomics in ways not likely to be related to educational outcomes, researchers could compare student absenteeism across seemingly identical areas with and without the cash incentives as a form of natural experiment. There is some evidence that cash payments do increase school attendance. Natural experiments have also been used to look at the effect of industrialization that improves educational returns as a way to induce better school attendance; the results have been positive. Work using experiments, both natural and random, is still at an early stage in development economics. While many reform ideas have proven helpful in improving educational outcomes in different developing countries, it has proven hard up to now to find simple answers that work across the globe. Macroeconomics Homework Help from Classof1.com *The Homework solutions from Classof1 are intended to help students understand the approach to solving the problem and not for submitting the same in lieu of their academic submissions for grades. Subject: Macroeconomics For more details on Classof1 or customized academic assistance please feel free to write to us at email@example.com or call our toll-free number 1- 877- 252- 7763. The list of subject areas in which we offer academic assistance is as given below: 1 Accounting 23 Engineering 45 Mass Communication 2 Actuarial Science 24 English 46 Materials Engineering 3 Anatomy 25 Environmental Engineering 47 Math 4 Anthropology 26 Environmental Science 48 Mechanical Engineering 5 Architecture 27 Essay Writing 49 Medical Science 6 Astronomy 28 Finance 50 Micro Economics 7 Biochemical Engineering 29 Financial Accounting 51 Nursing 8 Biochemistry 30 General Studies 52 Operations Management 9 Biology 31 Geography 53 Philosophy 10 Business Law 32 Geology 54 Physics 11 Business Management 33 HBS Case Studies 55 Physiology 12 Chemical Engineering 34 History 56 Political Science 13 Chemistry 35 Hospitality Management 57 Psychology 14 Civil Engineering 36 Human Resource Management 58 Religious Studies 15 Classical Studies 37 Information Systems 59 Rhetoric 16 Computer Science 38 International Economics 60 Social Studies 17 Corporate Finance 39 International Finance 61 Social Work 18 Corporate Strategy 40 Investment Portfolio Management 62 Sociology 19 Cost Accounting 41 MS-Office 63 Statistics 20 Earth Science 42 Macro Economics 64 Taxation 21 Economics 43 Management Accounting 65 Zoology 22 Electrical Engineering 44 Marketing Macroeconomics Homework Help from Classof1.com *The Homework solutions from Classof1 are intended to help students understand the approach to solving the problem and not for submitting the same in lieu of their academic submissions for grades.
Pages to are hidden for
"Education Ideas in Economic Development"Please download to view full document