Economics of Education: How Higher Institution’s Financial Performance is Impacted by Governance and the Institution’s contribution to economic growth through production quality workforce

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This paper examines how higher institutions’ financial performance is impacted by governance and the institution’s contribution to economic growth through production quality workforce. When an institution uses correct corporate governance measures, then, without doubt, the institution’s performance through financial management increases automatically. The economics of education investigates people’s behavior regarding different decisions made, actions taken, and study reactions. It explores how human behavior affects development and economic growth. Thus, financial education is the bond occurring between Miss. economics and Mr. Education. Once the glue is built, economics embraces education significantly, resulting in the emergence of education economics. Therefore, this education is significant in arriving at a better set of decisions to improve the ones made lastly. It majorly incorporates exploring how managers working in the education sector can develop better choices from the short minute resources available, leading to optimal education outcomes. THE PAPER MUST INCLUDE DISCUSSION OF THE DATA SET AND ECONOMETRIC MODELS (PROVIDE STATA DO-FILE FOR THE DATA GATHERED) THAT IS BEING UTILIZED, DATA DESCRIPTION, EMPERICAL STRATEGIES OR THEORETICAL FRAMEWORK, RESULTS, AND CONCLUSION. THE PAPER SHOULD INVOLVE: IDENTIFYING JEL CODES FOR THE RESEARCH EXHIBITING KNOWLEDGE AND APPLICATION OF ECONOMIC THOERY AND EMPERICAL METHODS IDENTIFYING, COLLECTING, MERGING, AND ANALYZING RELEVANT DATA DEMONSTRATING THE ABILITY TO USE ECONOMETRIC METHODS AND SOFTWARE (STATA) CLEARLY PRESENTING RESULTS WITH ANNOTATED GRAPHS AND TABLES DISCUSSING THE RESULTS AND THEIR POLICY IMPLICATIONS PROPERagnLY CITING AND DOCUMENTING REFERENCES