Purpose: This study examines whether education in developing countries directly impacts their foreign income from the top export sector. Design/methodology/approach: As most developing countries follow developed nations to shape their development, this study assumes developing countries as education-follower and developed countries as…

This article revisits the Mincer earnings function and presents comparable estimates of the average monetary returns associated with an additional year of education across different regions worldwide. In contrast to the traditional Ordinary Least Squares (OLS) method commonly employed in the literature, this study applied a cutting-edge approach…

This article examines the long-run effect of higher education, measured in average years of tertiary schooling, on the level and growth rate of national per capita income. It uses an improved dataset on educational attainments which not only reduces measurement error but also overcomes data comparability issues and allows us to estimate the…

The prevalence of widespread poverty and the increasing inequality in income distribution across nations point to the failure of the trickle-down theory. The long-held faith in the growth of income as the sole policy instrument to achieve the national objective of growth with equity has been put to the test. The increasing numbers of the poor,…

Purpose: Livelihood diversification is a sound alternative for higher economic growth and its success or failure is conditioned by the interplay of a multitude of factors. The study of the profile of the farmers in which they operate is important to highlight the factors leading to success in diversified livelihoods. Design/Methodology/Approach: A…

This paper seeks to examine the impact of education on income growth in India for the time period 1966-1996. Education is broken down into the categories of primary, secondary, and tertiary. Time series techniques are used to determine whether education, for each category, has a causal impact on growth. Furthermore, the education variables are…