Public Spending on Human Capital in Major Industrialized Countries

Meriç Subaşı ERTEKİN


Human capital is important for firms and nations in the knowledge based economy that needs skills. Thus, investment in education is a public policy to support human capital formation and offset the magnitude of capital looses. Policies and reforms designed to foster early learning which are determined as a high quality of education, early intervention and job training programs and promote skill formation. The public sector plays an important role in the funding of all education in major industrialized countries. Public spending on primary, secondary, post-secondary and tertiary educational institutions is higher than private spending.

Anahtar Kelimeler

Human Capital; Investment in Education; G - 7 Countries; Economic Growth

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