The Quality vs. the Quantity of Schooling: What Drives Economic Growth?

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dc.citation.epage773
dc.citation.issue4
dc.citation.journalTitleEconomics of Education Revieweng
dc.citation.spage765
dc.citation.volume30
dc.contributor.affiliationUniversidad EAFIT, Departamento de Economía y Finanzas, Medellín, Colombia.spa
dc.contributor.authorBreton, Theodore R.spa
dc.contributor.departmentEscuela de Economía y Finanzasspa
dc.contributor.departmentEconomíaspa
dc.contributor.programEstudios en Economía y Empresaspa
dc.date2011
dc.date.accessioned2015-11-06T16:27:23Z
dc.date.available2015-11-06T16:27:23Z
dc.date.issued2011
dc.description.abstractThis 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.eng
dc.identifier.doi10.1016/j.econedurev.2011.01.005
dc.identifier.issn0272-7757
dc.identifier.urihttp://hdl.handle.net/10784/7556
dc.language.isoengeng
dc.publisherElseviereng
dc.relation.ispartofEconomics of Education Review. Vol.30(4), 2011, pp.765-773spa
dc.relation.isversionofhttp://www.sciencedirect.com/science/article/pii/S0272775711000069
dc.relation.urihttp://www.sciencedirect.com/science/article/pii/S0272775711000069
dc.rightsrestrictedAccesseng
dc.rightsCopyright © 2011 Elsevier Ltd. All rights reserved.spa
dc.rights.accessrightsinfo:eu-repo/semantics/restrictedAccesseng
dc.rights.localAcceso restringidospa
dc.sourceEconomics of Education Review. Vol.30(4), 2011, pp.765-773spa
dc.subject.keywordCognitive skillseng
dc.subject.keywordHuman capitaleng
dc.subject.keywordEducationeng
dc.subject.keywordSchoolingeng
dc.subject.keywordEconomic growtheng
dc.titleThe Quality vs. the Quantity of Schooling: What Drives Economic Growth?eng
dc.typearticleeng
dc.typeinfo:eu-repo/semantics/articleeng
dc.typeinfo:eu-repo/semantics/publishedVersioneng
dc.type.hasVersionObra publicadaspa
dc.type.localArtículospa

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