Formal Education, Development and Educational Inflation

Authors

Rafael Salvador Espinosa-Ramírez
University of Guadalajara image/svg+xml
https://orcid.org/0000-0002-5049-9175

Synopsis

Formal education has always been considered an essential condition for economic growth and the development of society. A society with high levels of education is always characterized by a high level of development. However, this is not completely true, the statement is partially correct, but not necessarily. It is assumed that a society with high levels of education has better conditions to achieve development, because education improves people's skills and productivity, facilitates innovation and technological advancement, promotes a more informed and participatory citizenry and could reduce inequality in the long term.

Author Biography

Rafael Salvador Espinosa-Ramírez, University of Guadalajara

Holds a Bachelor's degree in Economics from the University of Guadalajara (UdeG), Mexico, a Master's degree in Economics from the Center for Research and Teaching in Economics (CIDE), Mexico, and a Ph.D. in Economics from the University of Essex, United Kingdom. He also earned a Ph.D. in Psychology from the University of Baja California, Mexico, and completed undergraduate and graduate studies in Theology.

He is a Professor and Researcher in the Department of Economics at the University of Guadalajara, where he currently serves as Head of the Department of Quantitative Methods. He is a Level II Researcher in Mexico's National System of Researchers (Sistema Nacional de Investigadores, SNI).

Previously, Dr. Espinosa Ramírez served as Director of the Center for Social and Economic Research (CISE) at the University of Guadalajara. From 2000 to 2002, he was Director of the Socioeconomic Area at the International Institute of Governance in Barcelona, Spain, where he led analyses of the economic environment of Latin American countries. He also coordinated the Master's Program in Economics and the Master's Program in International Economic Relations and Cooperation, both at the University of Guadalajara.

He has been a Visiting Professor at the University of the Basque Country, the University of Vic, and the University of Barcelona, Spain.

Dr. Espinosa Ramírez is the author of 12 books, more than 35 articles published in international peer-reviewed journals, and 15 book chapters, primarily in the fields of economics, economic development, public policy, and applied economic analysis. His research interests include economic development, the economics of education, public policy, quantitative methods, and socioeconomic analysis.

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Published

July 3, 2026

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How to Cite

Formal Education, Development and Educational Inflation. (2026). In Education, Equity and Development: Economics of Education and Social Mobility: Vol. Book 2 (pp. 1-17). JLA Ediciones. https://doi.org/10.59343/JLA.A7slv56.02