It takes the average reader and 56 minutes to read How Do Education and Training Affect a Country's Economic Performance? by Roland Sturm
Assuming a reading speed of 250 words per minute. Learn more
In policy debates, the U.S. education and training (ET) system is often blamed for the nation's eroding position in the world economy. Long-term international analysis reveals little evidence of deindustrialization or falling labor productivity. However, other industrial countries have caught up. Most economic research directly concerned with ET can be grouped into two approaches--one focusing on the macroeconomic phenomenon of economic growth, the other one analyzing the effect of ET on individual wages and (to a lesser extent) worker productivity. However, the intellectual framework underlying these approaches is not well suited to analyze the current policy issues of international competitiveness and technological change. The main shortcoming of the growth accounting approach, which tries to divide up the credit for economic growth, is the assumption that the sources of growth are independent. The microstudies of the effect of ET on productivity also use assumptions that may limit their usefulness for policy guidance in a changing environment. The human capital studies assume a static economy in equilibrium even though economic growth is characterized by disequilibrium situations. Some promising alternatives in the economics of technological change take a more systems-oriented approach, although they have yet to be applied to ET. Important exceptions are the matched firm comparisons by Prais and his collaborators. (Contains 239 references.) (YLB)
How Do Education and Training Affect a Country's Economic Performance? by Roland Sturm is 55 pages long, and a total of 14,025 words.
This makes it 19% the length of the average book. It also has 17% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 16 minutes to read How Do Education and Training Affect a Country's Economic Performance? aloud.
How Do Education and Training Affect a Country's Economic Performance? is suitable for students ages 8 and up.
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