Dark side of education quality: A case study

Abstract

The importance of education cannot be denied in any aspect because of its high popularity and need in many sectors of a country. The quality of education may be affected by many factors either positively or negatively. In this study, the author is to find out the impact of inflation, low per capita income and poor teacher to student ratio on quality of education in the presence of two control variables i.e. population and literacy rate. The author collected data for this purpose from Asian countries for 29 years and from authentic sources. When this data was tested and scrutinized by using tests such as unit root LLC test, PCSE test, GMM test etc. the results were obtained in accordance with the respective tests. These results presented that the impact of inflation and poor teacher to student ratio is significant in context of quality of education, but the impact of low per capita income has been found insignificant. In addition, the impacts of the two control variables were also found significant. The author has discussed some implications and benefits of this study and afterwards some limitations have also been discussed. Some recommendations have also been given in order to cover these limitations by the future researchers.