What is Gretl

Researchers have calculated the relationship between human capital development and economic output by various means of econometric modeling and by use of numerous indicators under the context of an assortment of human capital theory. In this chapter, new interpretations of the expansion of human capital in the form of tertiary education enrollment and the impacts of various economic conditions in Japan from 2000 to 2010 are identified. Data was collected from UNESCO UIS, OECD, and the World Bank on tertiary enrollments, tertiary expenditures, and other measures utilized during modeling. This chapter applied an OLS non-linear regression in efforts to estimate optimization of tertiary education enrollment to maximize the real growth rate in the Asian region, specifically through the use of point estimates for Japan. Government and educational policy recommendations were made based on computed outputs.