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Do Better Schools Lead to More Growth? Cognitive Skills, Economic Outcomes, and Causation

Hanushek, Eric A. - 2010

We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect of cognitive skills and supports the economic benefits of effective school policy. We develop a new common metric that allows tracking student achievement across countries, over...

Persistent link: https://www.econbiz.de/10012758020

Coping with Change : International Differences in the Returns to Skills

Hanushek, Eric A. - 2016

Expanded international data from the PIAAC survey of adult skills allow us to analyze potential sources of the cross-country variation of comparably estimated labor-market returns to skills in a more diverse set of 32 countries. Returns to skills are systematically larger in countries that have...

Persistent link: https://www.econbiz.de/10012982929

Schooling, Labor Force Quality, and Economic Growth

Hanushek, Eric A.; Kim, Dongwook - 2000

Human capital is almost always identified as a crucial ingredient for growing economies, but empirical investigations of cross-national growth have done little to clarify the dimensions of relevant human capital or any implications for policy. This paper concentrates on the importance of labor...

Persistent link: https://www.econbiz.de/10014158648

Schooling, Cognitive Skills, and the Latin American Growth Puzzle

Hanushek, Eric A. - 2010

Economic development in Latin America has trailed most other world regions over the past four decades despite its relatively high initial development and school attainment levels. This puzzle can be resolved by considering the actual learning as expressed in tests of cognitive skills, on which...

Persistent link: https://www.econbiz.de/10013152508

The Role of School Improvement in Economic Development

Hanushek, Eric A. - 2010

The role of improved schooling, a central part of most development strategies, has become controversial because expansion of school attainment has not guaranteed improved economic conditions. This paper reviews the role of education in promoting economic well-being, with a particular focus on...

Persistent link: https://www.econbiz.de/10012760452

Education, Participation, and the Revival of U.S. Economic Growth

Jorgenson, Dale W. - 2016

Labor quality growth captures the upgrading of the labor force through higher educational attainment and greater experience. We find that average levels of educational attainment of new entrants remain high, but will no longer continue to rise. Growing educational attainment will gradually...

Persistent link: https://www.econbiz.de/10012986281

The Industry Origins of Japanese Economic Growth

Jorgenson, Dale W.; Nomura, Koji - 2021

This paper presents new data on the sources of growth for the Japanese economy over the period 1960- 2000. The principal innovation is the incorporation of detailed information for individual industries, including those involved in the production of computers, communications equipment, and...

Persistent link: https://www.econbiz.de/10013210549

Information Technology and the Japanese Economy

Jorgenson, Dale W.; Motohashi, Kazuyuki - 2021

In this paper we compare sources of economic growth in Japan and the United States from 1975 through 2003, focusing on … contribution of total factor productivity growth from the IT sector in Japan also increased, while the contributions of labor input … growth in Japan from for the next decade is substantially below that in the United States, mainly due to slower growth of …

Persistent link: https://www.econbiz.de/10013210551

China's GDP Growth May Be Understated

Clark, Hunter L. - 2017

Concerns about the quality of China's official GDP statistics have been a perennial question in understanding its economic dynamics. We use data on satellite-recorded nighttime lights as an independent benchmark for comparing various published indicators of the state of the Chinese economy....

Persistent link: https://www.econbiz.de/10012958590

Determinants of Long-Term Growth : A Bayesian Averaging of Classical Estimates (Bace) Approach

Doppelhofer, Gernot; Miller, Ronald I.; Sala-i-Martin, … - 2021

This paper examines the robustness of explanatory variables in cross-country economic growth regressions. It employs a novel approach, Bayesian Averaging of Classical Estimates (BACE), which constructs estimates as a weighted average of OLS estimates for every possible combination of included...

Persistent link: https://www.econbiz.de/10013243423