Many OECD countries are aiming to reform their tertiary education (TE) systems. This work explores the determinants of the investment in TE, with a focus on institutional setting of TE systems and private incentives to undertake years of schooling beyond upper-secondary degree level. For this...

Since the beginning of the twentieth century, the education system in Peru has known a considerable development. This suggests that in all probabilities opportunities for study should be on a more equal basis. In the present article, I set out to discover whether all social groups have really...

The purpose of this article is to discuss how policies can affect investment in tertiary education in ways that would eliminate some of the perceived shortcomings of existing systems, while preserving or (preferably) enhancing equality of access to higher education. To this end, the analysis...

Most households in rural Madagascar are engaged in agriculture and derive a large share of their income from the production of food or cash crops and from animal husbandry. However, agricultural yields can be extremely volatile due to weather conditions, pests, insects, rodents and other...

Cet article tente d’identifier empiriquement les déterminants de la croissance turque à partir de données annuelles de 1980 à 1995. L’analyse empirique s’appuie sur un modèle théorique "canonique" de croissance qui nous sert à élaborer des résultats empiriques. Il nous invite à...

This paper proposes a critical analysis of the “Academic Ranking of World Universities”, published every year by the Institute of Higher Education of the Jiao Tong University in Shanghai and more commonly known as the Shanghai ranking. After having recalled how the ranking is built, we first...

This paper presents a survey of the large empirical literature in economics that has sought to examine the relationship between educational expenditures and outcomes in both developed and developing countries. The main feature of this literature is the remarkable lack of consensus about the...

During the last half-century, the evolution of educational attainment among Malaysians has been spectacular, and current enrollment rates suggest this progression will continue, albeit at a slower pace. Such a transformation of the educational attainment of labor should bring about macroeconomic...

This paper assesses the impact on economic growth of increased efficiency of public spending in primary and lower-secondary education. Higher efficiency in publ ic spending in schools can bolster growth through two main channels. On the one hand, it can allow a transfer of labour from the public...

This paper sets out an analytical framework for optimal asset allocation of sovereign wealth, based on the theory of contingent claims analysis applied to the sovereigns economic balance sheet. A country solves an asset-liability management problem involving its sources of income and its...