The Returns of Education on the National Economy between Measurement Methods and Implementation Difficulties

Abstract

The current study aims to provide a theoretical and inductive analysis of the concept of returns to education, its stages of development, the importance of studying educational returns, and their role in the national economy. It also explores the main types of educational returns. The study presents an overview of key methods used to measure returns to education, highlighting the challenges and difficulties that hinder accurate measurement. Based on this analysis, the study offers a set of recommendations to improve the measurement of educational returns. It concludes by the need to reform educational policies by prioritizing the expansion of technical education while reducing reliance on general education. It also underscored the importance of enhancing investment in human capital through systematic professional and administrative training, aligned with a comprehensive national strategy. Furthermore, the study called for the establishment of a national center dedicated to compiling and managing educational and economic statistics, to be overseen by the Ministry of Education in collaboration with the Ministry of Economy.