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  • A Revision to the Theory and the Practice of Development Accounting 

    Theodore, R. Breton; tbreton@eafit.edu.co (Universidad EAFIT; Escuela de Economía y Finanzas, 2014-03-16)
    Practitioners of development accounting assume that the private return on schooling equals its social marginal product. I show that this assumption is inconsistent with the mathematical structure of a multiplicative ...