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Analysis Study Research Paper | Economics | India | Volume 12 Issue 5, May 2023

Education as a Catalyst for Economic Development: A Comparative Study

Subharun Pal

Abstract: This extensive research offers a comparative exploration of the intricate dynamics between education and economic development, presenting an unassailable argument for the role of education as a potent catalyst for economic growth. The study employs a sophisticated blend of quantitative and qualitative methodologies, utilizing cross-country panel data regression models and in-depth case studies. The findings underscore those countries which priorities both the quantity and quality of education witness significant enhancement in their economic development trajectories. However, the magnitude and nature of education's impact on economic development are intricately tied to the unique socio-economic and cultural context of each country. The paper concludes by urging policymakers to acknowledge the instrumental role of education in fostering economic growth and tailor their educational strategies accordingly.

Keywords: Education, Economic Development, Human Capital, Comparative Analysis, Global Context, Public Policy

Edition: Volume 12 Issue 5, May 2023,

Pages: 1138 - 1142