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Cognitive Skills, Schooling Attainment, and Schooling Resources: What Drives Economic Growth?
(2009-11-15)
This paper presents evidence that students’ test scores at ages 9 to 15 are not a good proxy for a nation’s stock of human capital. Across countries test scores rise with increases in human capital up to $40,000/adult ...
Schooling and National Income: How Large Are the Externalities?
(Universidad EAFIT, 2007-05-01)
This paper uses a new data set for cumulative national investment in formal schooling and a newinstrument for schooling to estimate the national return on investment in 61 countries. These estimates are combined with data ...
Can Institutions or Education Explain World Poverty? An Augmented Solow Model Provides Some Insights
(Elsevier, 2004)
When the Solow model is augmented with variables for institutions and human capital and estimated with national data for rates of investment in education, it can explain most of the variation in cross-country standards of ...
