Higher Education Forum 20 巻
2023-03 発行

Economic Benefits of Higher Education in Ethiopia: A Benefit-Cost Ratio Analysis

Demissie Mesfin Molla
全文
480 KB
HigherEducationForum_20_157.pdf
Abstract
This study examined the economic benefits of higher education in Ethiopia. It utilized a quantitative research approach. The study revealed that the benefit-cost ratio (BCR) for secondary and higher education is 1.97 and 1.84 respectively. This implies that both levels of education provide benefits outweighing their costs. Regarding the private and social rate of return, they were 68% and 23% respectively. These figures reveal that both the private and social benefits are higher than the those found in any previous studies. Lastly, higher education has the highest rate of return for employees of three key sectors-that is, teacher education, agriculture, and health sciences-with an estimated value of 23, 15.3, 16.3 per cent increases to earnings compared to 3.8 for secondary education. In conclusion, the increasing pattern of high private rates of return to higher education shows that a shift of the education cost burden from the social to the private might be accomplished through loan schemes in higher education.
内容記述
I acknowledge Dilla University for funding this research entitled “Economic Benefits of Higher Education in Ethiopia: A Benefit-Cost Ratio Analysis”.
著者キーワード
benefit of education
cost of education
rate of return