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Global universal basic skills : current deficits and implications for world development
Gust, Sarah; Hanushek, Eric Alan; Woessmann, Ludger - 2023
How far is the world away from ensuring that every child obtains the basic skills needed to be internationally … competitive? And what would accomplishing this mean for world development? Based on the micro data of international and regional … skills for 159 countries that cover 98.1% of world population and 99.4% of world GDP. We find that at least two-thirds of the …
Persistent link: https://www.econbiz.de/10014477384
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Can education compensate the effect of population aging on macroeconomic performance? : evidence from panel data
Kotschy, Rainer; Sunde, Uwe - 2018
This paper investigates the consequences of population aging and of changes in the education composition of the population for macroeconomic performance. Estimation results from a theoretically founded empirical framework show that aging as well as the education composition of the population...
Persistent link: https://www.econbiz.de/10011930455
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The empirics of economic growth over time and across nations : a unified growth perspective
Cervellati, Matteo; Meyerheim, Gerrit; Sunde, Uwe - 2022
This research develops an expanded unified growth theory that incorporates the endogenous accumulation of physical capital, population, human capital, and technology. The model incorporates a complementarity between physical capital and human capital and can be extended to a multi-country...
Persistent link: https://www.econbiz.de/10014458861
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Religion and growth
Becker, Sascha O.; Rubin, Jared; Woessmann, Ludger - 2023
We use the elements of a macroeconomic production function—physical capital, human capital, labor, and technology—together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue that religion can enhance or impinge upon economic...
Persistent link: https://www.econbiz.de/10014495766
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Social mobility and economic development
Neidhöfer, Guido; Ciaschi, Matías; Gasparini, Leonardo; … - 2021
We explore the role of social mobility as a driver of economic development. First, we map the geography of intergenerational mobility of education for 52 Latin American regions, as well as its evolution over time. Then, through a new weighting procedure that considers the participation of...
Persistent link: https://www.econbiz.de/10012671883
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The new wave? : the role of human capital and STEM skills in technology adoption in the UK
Draca, Mirko; Nathan, Max; Nguyen-Tien, Viet; … - 2024
Persistent link: https://www.econbiz.de/10015079960
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Fickle fossils : economic growth, coal and the European oil invasion, 1900-2015
Fritzsche, Miriam; Wolf, Nikolaus - 2022
Fossil fuels have shaped the European economy since the industrial revolution. In this paper, we analyse the effect of coal and oil on long-run economic growth, exploiting variation at the level of European NUTS-2 and NUTS-3 regions over the last century. We show that an "oil invasion" in the...
Persistent link: https://www.econbiz.de/10014088348
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Fickle fossils : economic growth, coal and the European oil invasion, 1900-2015
Fritzsche, Miriam; Wolf, Nikolaus - 2023
Fossil fuels have shaped the European economy since the industrial revolution. We use new long-run panel data to analyse the effect of both, coal and oil on economic growth between 1900 and 2015, exploiting variation at the level of European NUTS2 and NUTS3 regions. We show that the reversal of...
Persistent link: https://www.econbiz.de/10014487309
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Ancestry, Diversity & Finance : Evidence from Transition Economies
Dombi, Akos; Grigoriadis, Theocharis - 2017
In this paper, we analyze the growth effects of historical and biological ancestry, diversity and financial development in transition economies. We show that the common indicators of ethnolinguistic fractionalization, state history and genetic distance yield significant results and to some...
Persistent link: https://www.econbiz.de/10011596107
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Antiquity and capitalism : the finance-growth perspective
Dombi, Akos; Grigoriadis, Theocharis; Zhu, Junbing - 2020
This paper explores the impact of antiquity on capitalism through the finance-growth nexus. We define antiquity as the length of established statehood (i.e., state history) and agricultural years. We argue that extractive institutions and deeply entrenched interest groups may prevail in...
Persistent link: https://www.econbiz.de/10012214952