Date of Submission
Spring 2013
Academic Program
Economics
Project Advisor 1
Olivier Giovannoni
Abstract/Artist's Statement
This project aims at examining the impacts of human capital on economic growth and at the same time, outlining an empirical framework for considering the role of human capital on economic growth. While debates are popular among economists about the explanatory power of education on growth, this paper approaches the question first through theories and statistics in Southeast Asia in general, followed by cross-sectional regression of economic growth and other variables. In the second chapter of the project, Malaysia is picked out as a specific case of illustrating the relationship between human capital and growth. As Malaysia stands out as a compelling example of achieving remarkable economic development among other South East Asian countries, this project tries to answer the following questions: What factor(s) contribute(s) most to the economic growth of Malaysia? How does the investment in human capital affect growth? In the third chapter, empirical investigation is conducted in order to compare the relevant importance of different GDP drivers and see whether in Malaysia’s case, the flow of human capital does leads to the economic take-off.
Distribution Options
Access restricted to On-Campus only
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.
Recommended Citation
Yao, Mu, "The Relative Importance of Education in the Economic Take-off of Malaysia" (2013). Senior Projects Spring 2013. 6.
https://digitalcommons.bard.edu/senproj_s2013/6
This work is protected by a Creative Commons license. Any use not permitted under that license is prohibited.
Bard Off-campus DownloadBard College faculty, staff, and students can login from off-campus by clicking on the Off-campus Download button and entering their Bard username and password.