Abstract:
This paper proposes an approach to find an optimum structure for educational levels of human forces. To this end، a Linear Programming (LP) Model integrated with a Social Accounting Matrix (SAM) was employed. The integrated model was employed using the SAM of Golestan Province of Iran. It was demonstrated that when unemployment is the result of inconsistency between supply and demand for human force، an optimum structure leads to an increase in human force employment and the value of the object. First contribution of this paper concerns with finding an optimum educational structure for human force with respect to the objective function and conditions of a region or country. The second contribution of this approach concerns finding obstacles in the process of obtaining the objective. Proposing a tool for policy making through sensitivity analysis of educational groups of human forces is yet another contribution of the paper.
Machine summary:
Income Inequality.
Economica, 74(295), 493-514.
Ren, S.
, Zhu, Y.
, & Warner, M.
Human Resources, Higher Education Reform and Employment Opportunities for University Graduates in the People's Republic of China.
International Journal of Human Resource Management, 22(16), 3429-3446.
An Economic Regional Planning Model for the Golastan Province of Iran (PhD’s Thesis).
University of Liverpool, UK.
Sharify, N.
Sharify, N.
, & Batey, W.
Social Accounting and Regional Economic Planning: an Integrated Model for Policy Analysis and Optimisation.
Annals of Regional Science, 40(3), 639–660.
Stengos, T.
, & Aurangzeb, A.
An Empirical Investigation of the Relationship between Education and Growth in Pakistan.
International Economic Journal, 22(3), 345-359.
Temple, M.
Regional Economics.
New York: ST Martin’s Press.
Tsang, M.
C. , & Levin, H.
Does Human Capital Theory Explain the Value of Higher Education?
A South African Case Study.
Economics of Education Review, 3(1), 107-118.
Wang, D.
, Liu, D.
, & Lai, C.
Expansion of Higher Education and the Employment Crisis: Policy Innovations in China.
On The Horizon, 20(4), 336-344.
West, L.
, & Hore, T.
The Impact of Higher Education on Adult Students in Australia: Part 1, Employment.
Higher Education, 18(3), 341-352.
Zeira, J.
Why and How Education Affects Economic Growth.
Review of International Economics, 17(3), 602-614.
Zhang, Q.
, & Zou, H.
Returns to Education, Productivity, and Economic Growth in China.
Journal of Comparative Policy Analysis, 9(3), 293-308.