Education and Growth: Where All the Education Went

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dc.contributor.authorBreton, Theodore R.
dc.contributor.authorSiegel Breton, Andrew
dc.contributor.eafitauthortbreton@eafit.edu.co
dc.coverage.spatialMedellĆ­n de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degreeseng
dc.date.accessioned2016-02-09T00:25:29Z
dc.date.available2016-02-09T00:25:29Z
dc.date.issued2016-02-01
dc.description.abstractWe 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 adultsĀ“ 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.eng
dc.identifier.jelO47
dc.identifier.jelI25
dc.identifier.urihttp://hdl.handle.net/10784/7976
dc.language.isoengeng
dc.publisherUniversidad EAFITspa
dc.publisher.departmentEscuela de EconomĆ­a y Finanzasspa
dc.rights.accessrightsinfo:eu-repo/semantics/openAccesseng
dc.rights.localAcceso abiertospa
dc.subject.keywordEducationspa
dc.subject.keywordEconomic Growthspa
dc.subject.keywordMulti-countryspa
dc.subject.keywordHuman Capitalspa
dc.subject.keywordProduction Functionspa
dc.titleEducation and Growth: Where All the Education Wenteng
dc.typeworkingPapereng
dc.typeinfo:eu-repo/semantics/workingPapereng
dc.type.hasVersiondrafteng
dc.type.localDocumento de trabajo de investigaciĆ³nspa

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