Directly unproductive schooling: How country characteristics affect the impact of schooling on growth

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Directly Unproductive Schooling: How Country Characteristics Affect the Impact of Schooling on Growth

The rapid rise in schooling in developing countries in recent decades has been dramatic. However, many cross-country regression analyses of the impact of schooling on economic growth find low and insignificant coefficients. This empirical ‘puzzle’ contrasts with theoretical arguments that schooling, through raising human capital, should raise income levels. This paper argues that poor results a...

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Many existing cross -country analyses of the impact of schooling on growth find low economic returns to schooling, with the coefficient estimates being sensitive to modelling approach and sample selection. This paper argues that coefficient instability is to be expected when regression samples include countries that vary greatly in their ability to use schooling productively. Data on corruption...

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ژورنال

عنوان ژورنال: European Economic Review

سال: 2008

ISSN: 0014-2921

DOI: 10.1016/j.euroecorev.2007.03.001