Education and knowledge are fundamental to social justice and economic growth

Year 2019, , 279 - 293, 01.07.2019

Aicha El Alaoui

https://doi.org/10.24289/ijsser.584500

Abstract

This paper tries to explain that both knowledge and
education are the way to increase economic growth and social justice. We have
used the panel data to check the relationships between four indicators:
knowledge, education, economic growth, and social justice. These data are from
the Social Progress Imperative Organization (2018). We have used the statistic
method (mode, quartile, and decile) to analyze our data though they are not
enough. So, we found that 54 countries in the world have the lowest revenue
between $600 and $9,300. They set forth almost 43% among 126 countries. In this
modal class, about 6% have the lowest rate SPI (Social Progress Index) in the
world - it is between 20 and 40-, and more than 94% have a rate SPI between 40
and 80. The results of the OLS regressions show that the improvement of social
progress can increase GDP per capita to seven times what it was. On the other
hand, both improvements in knowledge and education can increase GDP per capita
to thirteen times what it was.    

Keywords

Knowledge, Education, Economic Growth, Social Justice

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