By browsing this website, you acknowledge the use of a simple identification cookie. It is not used for anything other than keeping track of your session from page to page. OK
1

Does education matter for economic growth?

Bookmarks
Book

Delgado, Michael S. ; Henderson, Daniel J. ; Parmeter, Christopher F.

Institute of Labor Economics, Bonn

IZA - Bonn

2012

27 p.

economic growth ; education ; human capital ; international

Discussion Paper

7089

Education and training

www.iza.org

English

Bibliogr.

"Empirical growth regressions typically include mean years of schooling as a proxy for human capital. However, empirical research often finds that the sign and significance of schooling depends on the sample of observations or the specification of the model. We use a nonparametric local-linear regression estimator and a nonparametric variable relevance test to conduct a rigorous and systematic search for significance of mean years of schooling by examining five of the most comprehensive schooling databases. Contrary to a few recent papers that have identified significant nonlinearities between education and growth, our results suggest that mean years of schooling is not a statistically relevant variable in growth regressions. However, we do find evidence (within a cross-sectional framework), that educational achievement, measured by mean test scores, may provide a more reliable measure of human capital than mean years of schooling. "

Digital



Bookmarks