We propose an innovation-driven growth model in which education is determined by family background and cognitive … ability. We show that compulsory schooling can move a society from elite education to mass education, which then triggers …, compulsory education is implemented first and triggers the onset of market R&D. According to the British way, market R&D is …

The Korean education system has developed very rapidly in both quantitative and qualitative terms since the 1950s and … made considerable contribution to inclusive growth in Korea. In what ways has the Korean education system played a positive … education, (2) equal educational treatment, and (3) equal educational outcomes. Key questions and findings are as follows: What …