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Introduction
Lucas （1988） held the view that “public spending on education promotes human capital， which in turn contributes to economic growth” . This paper will use three groups of countries with different characteristics to explore the relationships between education and economic growth.
Education is important for individual. Educated individuals are more likely to get better jobs， higher earnings. Education is also vital from a social perspective. Investment in education， by raising the skill level of the labor force， improves productivity. Education leadsbetter health for individuals and healthier individuals are more productive. Higher levels of educations lead to lower fertility， which has a generational impact on economic development.
Education and Economic Growth
Although theoretically there seems to be a link between investment in education and economic growth， this does not hold for all countries.
Figure 1
Lucas （1988） held the view that “public spending on education promotes human capital， which in turn contributes to economic growth” . This paper will use three groups of countries with different characteristics to explore the relationships between education and economic growth.
Education is important for individual. Educated individuals are more likely to get better jobs， higher earnings. Education is also vital from a social perspective. Investment in education， by raising the skill level of the labor force， improves productivity. Education leadsbetter health for individuals and healthier individuals are more productive. Higher levels of educations lead to lower fertility， which has a generational impact on economic development.
Education and Economic Growth
Although theoretically there seems to be a link between investment in education and economic growth， this does not hold for all countries.
Figure 1