ROLE OF EDUCATION INSTITUTIONS IN ECONOMIC GROWTH

In human capital, any country has not achieved continuous economic growth without having enough investment. Past studies have shown great returns in different forms of human capital accumulation: training, research, basic education, learning, and qualification construction. Delivery of education matters. In many countries, uneven education has a negative effect on per capita earning. In addition the use of appropriate functional form specifications for human capital distribution and the use of appropriate functional form specification according to the asset allocation model makes the difference in the impact of average education whereas failure to do so, the average education is equal to the unimportant and even negative effects. In the human capital, the development of investment can have a little effect unless the people can use education in competitive and open markets. The bigger and more competitive these markets are, the greater the potential for access to education and skills. The main objective of this paper is to show the role of education in financial growth and the impact on education on labor productivity, business, poverty, technology, health, income distribution and family structure. For development education provides a basis, the basis on which most of our financial and social well-being is created. It is the key to growth financial efficiency and social stability. Increasing the value and efficiency of their labor, it helps lift the poor out of poverty. It enhanced the totally productivity and intellectual flexibility of labor force. It is aware that a country is competitive in the world market which is now characterized by changing technologies and production ways. Increasing the integration of child with different social or ethnic groups in the initial life, education is important contribution in nation and conducting mutual tolerance.

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Keywords: Education, Competitive, Radical, Investment, Economic, Productivity, Trade, Challenges.


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