The Nexus between Schooling and Growth: International Evidence since 1870
نویسنده
چکیده
The growth effects of schooling are often assumed to be exaggerated because of feedback effects from growth to schooling. This paper investigates the nexus between productivity growth and schooling at different levels using a sample of 19 OECD countries over the period 1870 to 2006. The empirical estimates show 1) that schooling is independent of expected growth and most other variables that are associated with the present value of schooling; 2) a one-way causality from schooling to growth; and 3) that the growth effects of schooling are increased rather than reduced when schooling is instrumented. JEL Classification: O3, O4
منابع مشابه
Causal Nexus between Inflation and Economic Growth of Japan
This study aims to evaluate the link between economic growth and consumer price index (CPI) in Japan for the period of 1980-2014. Initial series were adjusted for stationarity using the Augmented Dickey- Fuller (ADF) test for unit root followed by the application of Johansen Co-integration Test in order to examine the long-run relationship among the variables, while the causalities were evaluat...
متن کاملRevisiting the Nexus of FDI and Employment in International Trade: Evidence from the Emerging Construction Service Sector
T his study examines the relationship between Foreign Direct Investment (FDI) and employment in the Indonesia construction service sector. The method used in this study is Panel VECM Granger. The data used are the data of FDI inflow and employment in the construction sector in some provinces, namely North Sumatra, Riau, Jakarta, West Java, East Java, and...
متن کاملA Long-term Casual Nexus between Stock Price and Dividends: Empirical Evidence from the Accepted Firms in Tehran Stock Exchange
this world; though all the discussions are focused on the causal relationships in allthe scientific arguments. One of the methods to study the designed causal relationshipsobjectively is Granger causality test. This paper aims to investigate the longtermcausal relationship between the stock price and dividends. The statisticalpopulation includes 180 active companies in Stock Exchange of Tehran ...
متن کاملThe Nexus between Economic Growth and Intra-Industry Trade
According to traditional trade theories, foreign trade affects economic growth via several channels such as knowledge and technology spillover, improvement of resources allocation, increasing productivity and competitiveness. Within the framework of new trade theories, the effect of foreign trade on economic growth is ambiguous, and this effect depends on the combination of the different effect...
متن کاملInterpreting the dynamic nexus between energy consumption and economic growth: Empirical evidence from Russia
Research on the nexus between energy consumption and economic growth is a fundamental topic for energy policy making and low-carbon economic development. Russia proves the third largest energy consumption country in the world in recent years, while little research has shed light upon its energy consumption issue till now, especially its energy–growth nexus. Therefore, this paper empirically inv...
متن کامل