Education as a Social Good for Economic Growth in Hawaii
Journal Title: Journal of Social Economics - Year 2014, Vol 2, Issue 3
Abstract
In this paper, we use data on secondary school graduates per worker in Hawaii as a proxy for social good and human capital to examine its effect on economic growth in Hawaii. The aggregate-data analysis shows that Hawaiian secondary graduates affect the economic growth positively. We then analyze the individual effects of public versus private schools and find that both public and private school graduates affect economic growth positively. Surprisingly, the effect of public school graduates is stronger than that of private school graduates. This might be due to the special characteristics of Hawaiian economy that rely heavily on low-skill services in the tourism sector and strongly implies education role as a social good.
Authors and Affiliations
Tam Bang Vu, Calvin Luscombe, Shaun McKim
Keywords
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