Quality Education Counts for Skills and Growth

The quality and relevance of education are paramount to achieve economic growth. International research shows that the subject matter learned and skillset developed in the classroom is the foundation for future success in the work place, and serves as a superior predictor of economic growth compared with the number of years of school. One recent study, using a database of comparable test scores for over 50 countries, finds that a single standard deviation difference in tests scores between countries equates to roughly 2 percentage points in annual long-term Gross Domestic Product (GDP) growth. These findings hold true across high-income, middle-income, and low-income countries and all geographical regions. Despite significant investments in formal education, economic growth in the region has slowed in recent years and there is a need for improved labor productivity.

Bibliographic Details

Main Author:	World Bank
Format:	Brief biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2013-06
Subjects:	ACADEMIC COURSES, ADULT POPULATION, ADULTS, AVERAGE EDUCATIONAL ATTAINMENT, BASIC SKILLS, CLASSROOM, COGNITIVE ACHIEVEMENT, CRITICAL THINKING, CURRICULUM, EARLY CHILDHOOD, EARLY CHILDHOOD DEVELOPMENT, EARLY CHILDHOOD EDUCATION, ECONOMIC GROWTH, EDUCATION COMMUNITY, EDUCATION EXPENDITURE, EDUCATION QUALITY, EDUCATION SECTOR, EDUCATION STRATEGY, EDUCATION SYSTEM, EDUCATION SYSTEMS, EDUCATIONAL ATTAINMENT, EDUCATIONAL DECISIONS, FORMAL EDUCATION, FORMAL EDUCATION SYSTEM, HIGHER EDUCATION, HUMAN CAPITAL, INTERNATIONAL EDUCATION, INTERVENTIONS, KNOWLEDGE SHARING, LABOR MARKET, LEARNING, LEARNING OPPORTUNITIES, LEGAL STATUS, LEVEL OF EDUCATION, LITERACY, LOW-INCOME COUNTRIES, MATHEMATICS, MIGRATION, NUMERACY, OCCUPATIONS, POLICY DIALOGUE, POLICY MAKERS, POLICY RESEARCH, POLICY RESEARCH WORKING PAPER, PRIMARY SCHOOL, PROBLEM SOLVING, PROGRESS, QUALIFIED TEACHERS, QUALITY EDUCATION, QUALITY OF EDUCATION, READING, SCHOOL GRADUATES, SCHOOL LEAVERS, SCHOOL MANAGEMENT, SCHOOLS, SCIENCE TEACHERS, SECONDARY EDUCATION, SECONDARY SCHOOL, SKILL DEVELOPMENT, SOCIAL DEVELOPMENT, SOCIAL SKILLS, STANDARDIZED TESTS, SUBJECT AREAS, TEACHERS, TEACHING, TERTIARY EDUCATION, TEST SCORES, UNEMPLOYMENT, UNIVERSAL ENROLLMENT, VIRGIN, WORKFORCE, YOUTH, YOUTH DEVELOPMENT,
Online Access:	http://documents.worldbank.org/curated/en/2013/06/17893756/quality-education-counts-skills-growth https://hdl.handle.net/10986/23695
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