- Volume 11 Issue 1
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The Relationship Between English Language Proficiency and the National Economic Performance: Focusing on non-English-Speaking OECD Countries
영어능력과 국가 경제성장과의 관계: OECD 비영어권 국가들을 중심으로
- Received : 2010.05.25
- Accepted : 2010.06.09
- Published : 2011.01.28
This study aims at investigating how English proficiency affects economic development of a country by analyzing the relationships among English proficiency, economic activities (amount of trade, R&D investment, etc), and the rate of economic growth, focusing on twenty-one non-English-speaking OECD countries. Ordinary Least Square (OLS) and Seemingly Unrelated Regression Estimation (SURE) were used for the data analysis in the study. The findings reveals that there existed little statistical significance to support the fact that English proficiency was directly related to the economic development in a positive way in many countries except Mexico, the Czech Republic, Finland, and Poland. However, English proficiency indirectly influenced the economic development in the way of increasing the amount of trade. These results can lead to the conclusion that English proficiency is not a sufficient element but a necessary one. Furthermore, it is expected that English proficiency can positively affect the economic development when it plays a part as sufficient complementary goods which make up for physical capital, technology accumulation, political stability, and worthy government.
Supported by : 한국학술진흥재단
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