The perpetual inventory method used for the construction of education data per country leads to systematic measurement … education level between census data and observations constructed from enrolment data. We discuss a methodology for correcting …

This paper aims to show the evolution of the role and importance of education in economic theory, especially in … of the role and importance of education in the development process. Presentation of the classification theory refers to … theories of interdependence of education and development (theory of human capital, human development and approach to the …

education in schools and universities to noninstitutional forms of learning such as home study. The dynamic effects of shifts in … education policy as well as their welfare implications are also calculated in the paper. …

The idea of positive educational externalities is that the benefits of individually acquired education may not be … still largely divided on whether the stock of education affects the long-run level or growth rate of the economy. A one …-year increase in average education is found to raise the level of output per capita by between 3 and 6 percent according to …