The affect of education on economic growth in the United States

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ACKNOWLEDGEMENT

I would take this opportunity to thank my research supervisor, family and friends for their support and guidance without which this research would not have been possible.

DECLARATION

I, [type your full first names and surname here], declare that the contents of this dissertation/thesis represent my own unaided work, and that the dissertation/thesis has not previously been submitted for academic examination towards any qualification. Furthermore, it represents my own opinions and not necessarily those of the University.

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TABLE OF CONTENTS

ACKNOWLEDGEMENTii

DECLARATIONiii

CHAPTER 1: INTRODUCTION1

Background of the Research Study1

Aims and Objectives of the Research Study1

Problem Statement2

Significance of the Research Study2

Rationale of the Research Study3

Research Questions4

CHAPTER 2: LITERATURE REVIEW5

Theoretical Framework5

Economic Growth5

Process of Economic Growth6

Human Capital for Economic Growth6

Economic Growth and Education7

CHAPTER 3: METHODOLOGY8

Introduction8

Research Approach8

Research design9

Rationale for a Quantitative Research9

Rationale for a Qualitative Study9

Hypothesis Formulation10

CHAPTER 4: ANTICIPATORY RESULTS11

References12

CHAPTER 1: INTRODUCTION

Background of the Research Study

The research study is based on the analysis of economic growth that is affected by the education in the United States. The research study will take into account the data for the literacy rate for the past 30 years. The research is focussed on the relationship between the education and its impact on the economic growth. The impact of education on the economic growth can be checked through various factors that affects the economic conditions of the countries in different manner. The research study will be taking into account different perspective of the economic growth and its affects on the country. However, the main focus of the research study will remain on the economic growth of the United States and impact of education on it. The United States has a large economy that is based on different sectors. These sectors are based on the industries that are mainly dependent on the human capital. The level of education is an important consideration for enhancing efficiency of the human capital in both the developing and developed countries of the world.

Aims and Objectives of the Research Study

The aims and objectives of the research study are:

To analyse the impact of education on the economic growth of the United States

To analyse the data for past 30 years by taking into account the literacy rate of the United States.

To analyse the past studies on the education and its impact on the economic growth of developed and developing countries

To obtain the regression line by relating education level and the economic growth in terms of the literacy rate and the GDP of the United States.

To investigate different factors that impact the education level and economic growth to greater extent



Problem Statement

The economic growth is largely dependent on the education level attained by the population in the United States.

Significance of the Research Study

The research study is based on analysing the impact of education on the economic growth of the country. The country that has been chosen in this regard is the United States for which the data will be collected on the literacy rate of the United States in ...