Educational planning models: problems of initial values

Abstract

In the discussions of the Tinbergen-Bos type of models. we assumed the following important aspects of the relationship of education to economic growth: The labor force with secondary and higher levels of education are related to income where labor force is used in the stock sense and includes the new-comers as additions to the stock; the number of student in the 2nd and the higher education levels are related to the number of teachers in terms of flows whereas the teachers are included in the stock of the higher level education, and time period of the educational level for completion in each level, 2nd and higher is treated to be equal to 6 years with the assumption of primary educational level stock of manpower to be no bottleneck in the system.