The Relationship between efficiency of education and economic development: A comparative study

Abstract

In the last years governments are working towards improving their economic development stance among countries, while also working on achieving their set sustainable development goals in different sectors. One of those sectors that plays a vital role in enhancing and improving economic development ranks is education. However, countries are not paying enough attention on improving and developing their education system through neither increasing their spending on developing and improving their education sector nor paying attention on assessing their efficiency performance in education. Therefore, the aim of this paper is to study the impact of efficiency of education on economic development through on selected Asian and North African countries from the period of 2000-2021. In which the results of this study have showed that the efficiency of education determinants has a positive impact on spurring economic development. The outcomes of the study have also indicated that the countries who recorded higher efficiency of education and thus higher economic development rate are the countries that are concentrated in Asia. On the other hand, North African countries had low rates of education efficiency and lagged behind in the economic development ranks compared to Asian Countries this was due to the characteristics of their education system which was acknowledged by being underdeveloped infrastructure, traditional learning tools, and low government spending.