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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 …