Determinants of quality education in asian countries: Impact of social globalization, happiness and research and development

Abstract

The importance of education has been increasing with the passage of time because of increase in demand of educated people in several sectors of a country. In this regard, the author has selected three aspects i.e. social globalization, happiness and R&D for the purpose of checking their impact on quality of education in the country. To serve this purpose, the author has gathered data from reliable sources in context of some Asian countries for 27 years and has applied some relative tests and techniques for its analysis. These tests include unit root test, cointegration test and coefficient estimation test. The results of these tests have been presented in different tables present in the study. These results indicate that there is significant impact of happiness, social globalization and per capita income on quality of education, but the impact of happiness and literacy rate are found to be insignificant. After these results, the author has discussed some important implications of the study. Some notable limitations have also been discussed along with the suggestions and recommendations by the author for improvement purposes.