Human capital accumulation in emerging Asia, 1970-2030

Jong-Wha Lee, Ruth Francisco

Research output: Contribution to journalArticle

7 Citations (Scopus)

Abstract

Emerging Asian economies have made strong progress in improving educational capital in the past 40 years. High educational attainment, especially at the secondary level, has significantly improved emerging Asia's educational achievement. Regressions show that better parental education and income, lower income inequality, declining fertility, and higher public educational expenditures account for higher educational enrollment. But Asia's average years of schooling are forecast to increase to 7.6 years by 2030, from 7.0, significantly slower than the increase of 4.1 years from 1970 to 2010. That would put emerging Asia's educational capital in 2030 at only the 1970 level of the advanced countries, or still 3.5 years behind the level of advanced countries in 2010. For sustained human development, Asian economies must invest in improving educational quality and raising enrollment rates at the secondary and tertiary levels.

Original languageEnglish
Pages (from-to)76-86
Number of pages11
JournalJapan and the World Economy
Volume24
Issue number2
DOIs
Publication statusPublished - 2012 Mar 1

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capital accumulation
human capital
economy
fertility
expenditures
low income
income
regression
Education
Emerging Asia
Human capital accumulation
education
Enrollment

Keywords

  • Asia
  • Educational attainment
  • Educational investment
  • Human capital

ASJC Scopus subject areas

  • Economics and Econometrics
  • Finance
  • Political Science and International Relations

Cite this

Human capital accumulation in emerging Asia, 1970-2030. / Lee, Jong-Wha; Francisco, Ruth.

In: Japan and the World Economy, Vol. 24, No. 2, 01.03.2012, p. 76-86.

Research output: Contribution to journalArticle

Lee, Jong-Wha ; Francisco, Ruth. / Human capital accumulation in emerging Asia, 1970-2030. In: Japan and the World Economy. 2012 ; Vol. 24, No. 2. pp. 76-86.
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