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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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Education and Growth: Where All the Education Went

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2016_02_Theodore_Breton.pdf (990.3Kb)
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2016-02-01
Author
Breton, Theodore R.
Siegel Breton, Andrew
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Abstract
Abstract
We investigate why the economics literature often finds a negative relationship between increased schooling and GDP growth over short periods. We show that increases in GDP in 98 countries during five-year intervals are correlated with the increases in adults´ average schooling during the prior 40 years. We find that an additional year of schooling of the work force raised GDP by 7% on average during 1980-2005, but its initial effect on GDP was much smaller. The delayed effect of increased schooling on national productivity explains why recent increases in schooling cannot explain near-term increases in GDP.
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http://hdl.handle.net/10784/7976
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  • Documentos de trabajo (working papers) [368]

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