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The External Effect of Urban Schooling Attainment on Workers’ Incomes in Ecuador
(Universidad EAFIT, 2014-12-02)
We estimate the direct and external effects of levels of schooling on personal income in Ecuador in 2011, using data for 69,653 individuals in 567 municipalities. Using a Mincerian model that includes municipal levels of ...
Development Accounting: Conceptually Flawed and Inconsistent with Empirical Evidence
(Universidad EAFIT, 2014-08-20)
Development accounting depends on two simplifying assumptions, that economies can be represented by a common aggregate production function and that aggregate factors of production are paid their social marginal products. ...