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I use a dynamic augmented Solow model to estimate the effects of students’ test scores and investment in schooling on … schooling explain economic growth rates, and more of either causes growth. Further analysis reveals that higher test scores only … raised growth rates in countries with low average levels of schooling. In countries with more than 7.5 years of schooling …
Persistent link: https://www.econbiz.de/10010786386
through schooling. Educated individuals are interested in dialogue and conversation. Interaction enables people to build trust … schooling and/or social inclusion. Creation of human and social capital is the basis for inclusive growth. The predictions of …
Persistent link: https://www.econbiz.de/10011271694
find that each additional year of average schooling attainment during this period raised GDP/adult in Japan by 20 percent … investment from physical capital to post-secondary schooling would be a cost-effective strategy to raise growth rates. …
Persistent link: https://www.econbiz.de/10010827911
additional year of average adult schooling attainment raised GDP/adult directly and indirectly by 20 percent, and weekly hours … worked had an output elasticity of 0.5. The marginal product of schooling was double the marginal product of physical capital. …
Persistent link: https://www.econbiz.de/10011123740
Using a dynamic augmented Solow model, I estimate the effect of students’ schooling attainment, schooling expenditures …
Persistent link: https://www.econbiz.de/10010827908
Technology is a key element for long-term growth and economic development. Given the stark concentration of innovation activities in a few countries most countries have to rely on the international diffusion of newly developed technologies. Some countries may fail to successfully perform the...
Persistent link: https://www.econbiz.de/10011374310
Parental transfers towards the education of children are non-trivial, especially in countries, characterized by both imperfect credit markets and high economic growth rates. In this paper, we analyze the role of parental altruism on economic growth and dynamic efficiency, especially when credit...
Persistent link: https://www.econbiz.de/10011961994
We analyze the effects of children's health on human capital accumulation and on long-run economic growth. For this purpose we design an R&D-based growth model in which the stock of human capital of the next generation is determined by parental education and health investments. We show that i)...
Persistent link: https://www.econbiz.de/10011609038
Although many U.S. state policies presume that human capital is important for state economic development, there is little research linking better education to state incomes. In a complement to international studies of income differences, we investigate the extent to which quality-adjusted...
Persistent link: https://www.econbiz.de/10011283829
Although many U.S. state policies presume that human capital is important for state economic development, there is little research linking better education to state incomes. In a complement to international studies of income differences, we investigate the extent to which quality-adjusted...
Persistent link: https://www.econbiz.de/10011288586