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highly educated students for their labour force, they face the additional cost of providing the education. In much of … countries benefit from educating international students. We derive conditions under which international education has a positive … extra growth of 0.049 percentage points. The benefits from international education increase when a country tunes its …
Persistent link: https://www.econbiz.de/10013082754
permanent endowments as well as on education. We find evidence of statistically significant complementarity, i.e. the higher …
Persistent link: https://www.econbiz.de/10013324736
Policy debates about the balance of vocational and general education programs focus on the school-to-work transition …. But with rapid technological change, gains in youth employment from vocational education may be offset by less … vocational education decreases with age, we employ a difference-in-differences approach that compares employment rates across …
Persistent link: https://www.econbiz.de/10013118533
world, dealing with three types of vocational systems: school-based education, a dual system in which school-based education …With young people among the big losers of the recent financial crisis, vocational education and training (VET) is often … general education and between the three VET systems.There are clear indications that VET is a valued alternative beyond the …
Persistent link: https://www.econbiz.de/10013088657
most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is …
Persistent link: https://www.econbiz.de/10013132818
Does corruption grease or sand the wheels of economic growth? This paper uses meta-analysis techniques to systematically evaluate the evidence addressing this question. It uses a data set comprising 460 estimates of the effect of corruption on growth from 41 empirical studies. The main factors...
Persistent link: https://www.econbiz.de/10013135630
Institutions are now widely believed to be important in explaining performance. In this paper, we analyze whether commonly used measures of institutions have any significant, measurable impact on performance, whether of countries or firms. We look at three 'levels' of institutions and associated...
Persistent link: https://www.econbiz.de/10013136777
We construct an endogenous growth model that includes a cultural variable along the dimension of individualism-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with innovation in an individualist culture. This cultural...
Persistent link: https://www.econbiz.de/10013137795
We examine the interaction between foreign aid and binding borrowing constraint for a recipient country. We also analyze how these two instruments affect economic growth via non-linear relationships. First of all, we develop a two-country, two-period trade-theoretic model to develop testable...
Persistent link: https://www.econbiz.de/10013119295
This paper suggests that the weak empirical effect of human capital on growth in existing cross-country studies is partly the result of an inappropriate specification that does not account for the different channels through which human capital affects growth. A systematic replication of earlier...
Persistent link: https://www.econbiz.de/10013120134