Educational level, GDP & wages : a study on the direction of causality

• المؤلفون الرئيسيون: Ang, Hock Yick, Pan, Zheng Hong, Lim, Sajeev Prasad
• مؤلفون آخرون: Chew Seow Lung, Rosalind
• التنسيق: Final Year Project
• اللغة: English
• منشور في: 2012
• الموضوعات: DRNTU::Social sciences::Economic theory::Macroeconomics
• الوصول للمادة أونلاين: http://hdl.handle.net/10356/48614
• المؤسسة: Nanyang Technological University

This paper examines the causal relationships between labour force education levels and real GDP per capita, as well as average real wages in Singapore from 1980 to 2009. As investment in education is generally costly and any potential benefits are not immediately realised or observable, it is of eco...