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of schooling in developing economies raises enterprise income by an average of 5.5 percent, which is close to the average …
Persistent link: https://www.econbiz.de/10010324769
The perpetual inventory method used for the construction of education data per country leads to systematic measurement error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the education level between census data and observations...
Persistent link: https://www.econbiz.de/10010325186