A Cross-Cultural Comparative Analysis of the Economic Benefits of Education: Quality of Education and Higher Education Levels
Year: 2024
Type: article
Abstract: This study explores the economic benefits of education, focusing on the quality of education and higher education levels across different countries. The data mining approach was used to analyze these variables. The results show that the quality of education and higher education levels significantly contribute to economic growth by encouraging innovation and improving worker productivity. Common themes include reducing educational inequalities, matching educational outcomes with job market needs, and investing in lifelong learning and workforce development. Countries investing in quality education and higher education levels equip individuals with advanced knowledge and skills, driving innovation and economic productivity. The findings suggest a comprehensive approach to maximize the economic benefits of education and create fairer societies. The study supports the Human Capital Theory, highlighting the positive impact of education on productivity, earnings, and long-term competitiveness, aiding policymakers in enhancing educational systems and driving economic growth. Keywords: economic benefits of education, quality of education, higher education levels, data mining approach
Authors: Danielle Loren B. Buday, Regina P. Galigao
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W6893013346
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