We present results from quantitative exercises using the Lucas and Romer endogenous growth models, from which we calculate welfare losses from the distortions presented in the Romer model. Moreover, comparing the models to data, we show that an economy governed by the Romer model would attain a...

In this note we begin by replicate the results in “Schooling Quality in a Cross-Section of Countries” [Barro and Lee 2001, Economica 68]. Then, we go further and show that results can be different when more meaningful variables are considered. In particular, school inputs lessen their...

In this note we begin by replicate the results in “Schooling Quality in a Cross-Section of Countries†[Barro and Lee 2001, Economica 68]. Then, we go further and show that results can be different when more meaningful variables are considered. In particular, school inputs lessen their...