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In the past few years, the Economic Growth Rate in Taiwan
was decreasing gradually, and the increase of unemployment
rate has become the major factor that most high education
worry about. In order to solve this problems, it is necessary
for our government to adjust its educational policy. Some
profes- sionals Lucas, Stokey, and others strongly emphasized
that education plays an important role in the economic growth.
By means, in every country the govern- ment has to dedicate
themselves for their people to achieve the highest
education possible, in order to become skillful, qualify,
productivity, profitable and effective.
Therefore, this research is based on Rebelo''s Cobb-Douglas Model
to discuss the "Endogenous Growth Theory". By exchanging
international students, high technology exerts, and
international trading business, the human capital not only
influences our economy growth, but also influences other
countries''. Therefore, it is what we call "International
Learning Spillover".
Practically, Johansen''s "Maximum Likelihood Method" is adapted
by using the time series cointegration analysis. The long
term relationship between different varieties in the models
are discussed. There are seven countries are going to be
analyzed in this research, such as Canada, French, Germany,
Japan, South Korea, United Kingdom, and United States. One of
the reason why they are chosen is because they have good
relationships with our international trading business and
international foreign student exchange. The time series model
is given by weighing from trading volume between those seven
countries, the time series model is created. As the result of
this research shows that the economic growth is not only
influenced by human capital from home country, nor from foreign
countries.
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