In this paper we focus on education as a private decision to invest in ‘human capital’ and the estimation of the rate … regression methods where the estimated return is obtained as the coefficient ona years of education variable in a log wage … effect on the earnings of an individual from participation in education. Moreover, the size of the effect seems large …

, education and innovation as well as geographical factors in a model of economic growth. The key relationships are estimated with … have appeared. Surprisingly, the high level of secondary education played no role to growth. Higher education, in contrast …

education. However, it is alleged that the international community and governments worldwide do not yet recognise the full … potential and transformative power of education as a catalyst for human development, even if education is indeed considered a …