International Journal of Middle East Studies

Articles

The Estimates of Private Internal Rates of Return on Educational Investment in the First Turkish Republic, 1923–1960

M. T. Ozelli

During the last decade or so, educational institutions of developing countries have attracted the attention of social scientists as the prime movers of structural changes in such societies. Furthermore, among some of those who are concerned with economic development and growth, there has emerged a common belief that a major barrier to economic development, probably, is not so much the scarcity of physical resources and capital, but rather the lack of trained manpower owing to insufficient or mismanaged investment in education.

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