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Vocational and Technical Education in Development: Theoretical Analysis of Strategic Effects on Rates of Return.
Peer reviewed Peer reviewed
McMahon, Walter W.; And Others – Economics of Education Review, 1992
Three strategic effects on the rates of return to vocational and technical education (VOTEC) are considered: (1) the availability of complementary inputs such as general education; (2) the capacity of VOTEC to teach continuing adaptation to technical change; and (3) economies of scale that can be realized. (26 references) (MLF)
Descriptors: Cost Effectiveness, Developing Nations, Economic Research, Foreign Countries