The article is dedicated to study of the impact of the quality of education on the economic growth in Azerbaijan. The …-higher education level, the number of articles printed on basic science and engineering per million people in Azerbaijan, and indexed … quality index of education has been selected for two levels: a) up to higher education; b) higher school and post higher …

Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the … of education reduces the private return by 2 percentage points, consistent with Katz-Murphy's (1992) elasticity of …

We develop a classical macroeconomic model to examine the growth and distributional consequences of education. Contrary …-reducing. Expansive education policies may foster growth and reduce earning inequalities between workers, but only by transferring income … from workers to capitalists. Further, the overall effect of an increase in education depends on the actual characteristics …

nearly two decades, for samples split by education, and age - to our knowledge for the first time. The highly educated went …