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The Effects Of Stem Education On Economic Growth, Mallory Croak
The Effects Of Stem Education On Economic Growth, Mallory Croak
Honors Theses
This thesis aims to build on existing studies of human capital and returns to education with a focus on innovation-fueling, STEM-based education, to answer: How does STEM education affect macroeconomic growth across different countries? A review of literature reveals that many studies account for human capital in growth equations, measured as average years of education. However, educational attainment as a measure of human capital leaves out the additional impact of research, technological know-how and innovation on growth. This thesis seeks to bridge some of the overlap between education and innovation as it affects productivity by focusing on education in STEM—fields …