Effectiveness of Education for Ensuring better Health Status and rising other Economic Indicators in the Developing Countries
Access to better educational facilities lead an economy towards the path of overall economic development. Education is considered to be important merit good. Available literatures are of the view that governments should provide education to all sections of the population without any discrimination in terms of caste, creed and religion etc. Provisioning of merit goods like education provides significant positive externality. Education is considered to be a merit good which have significant spillover effect particularly for developing countries. The spillover effect of education is multi-dimensional ranging from health to other economic indicators. The effectiveness of investment in education is more significant in health sector as compared to other sectors of the economy. Based on secondary data, this paper is an attempt to analyze the role of education to maintain both health status and other economic indicators in the developing countries.