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  •   Repositorio Institucional Universidad EAFIT
  • Investigación
  • Escuela de Economía y Finanzas
  • Centro de Investigaciones Económicas y Financieras (CIEF)
  • Documentos de trabajo (working papers)
  • View Item
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The Quality vs. the Quantity of Schooling: What Drives Economic Growth?

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2011_22_Theodore_Breton.pdf (627.6Kb)
Date
2011-01-19
Author(s)
Breton, Theodore R.
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Abstract
Abstract
This paper challenges Hanushek and Woessmann’s [2008] contention that the quality and not the quantity of schooling determines a nation’s rate of economic growth. I first show that their statistical analysis is flawed. I then show that when a nation’s average test scores and average schooling attainment are included in a national income model, both measures explain income differences, but schooling attainment has greater statistical significance. The high correlation between a nation’s average schooling attainment, cumulative investment in schooling, and average tests scores indicates that average schooling attainment implicitly measures the quality as well as the quantity of schooling.
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http://hdl.handle.net/10784/2438
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  • Documentos de trabajo (working papers) [383]

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