Showing 1 - 10 of 534
We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect … sensitivity analyses of cross-country growth regressions generate remarkably stable results across specifications, time periods …, and country samples. In addressing causality, we find, first, significant growth effects of cognitive skills when …
Persistent link: https://www.econbiz.de/10005828950
This paper presents a new framework for human capital measurement. The generalized framework can (i) substantially amplify the role of human capital in accounting for cross-country income differences and (ii) reconcile the existing conflict between regression and accounting evidence in assessing...
Persistent link: https://www.econbiz.de/10009328103
economic institutions and quantitative measures of tertiary education cannot. Under the growth model estimates and plausible …Existing growth research provides little explanation for the very large differences in long-run growth performance … across OECD countries. We show that cognitive skills can account for growth differences within the OECD, whereas a range of …
Persistent link: https://www.econbiz.de/10008695046
expansion of school attainment has not guaranteed improved economic conditions. This paper reviews the role of education in … individual earnings, to the distribution of income, and to economic growth. New empirical results show the importance of both … the relationship between skills and growth. International comparisons incorporating expanded data on cognitive skills …
Persistent link: https://www.econbiz.de/10005580139
of cross-national growth have done little to clarify the dimensions of relevant human capital or any implications for … have a strong and robust influence on growth. One standard deviation in measured cognitive skills translates into one … percent difference in average annual real growth ratesþan effect much stronger than changes in average years of schooling, the …
Persistent link: https://www.econbiz.de/10005580530
Previous work shows that higher levels of education quality (as measured by international student achievement tests …) increases growth rates of national income. This paper begins by confirming those findings in an analysis involving more … by which education quality appears to improve per capita income levels is through shifting the level of the production …
Persistent link: https://www.econbiz.de/10005084570
burden. Innovators can compensate in their education by seeking narrower expertise, but narrowing expertise will reduce their … negative implications for growth. I develop a formal model of this "knowledge burden mechanism" and derive six testable …, as can much-debated trends relating productivity growth and patent output to aggregate inventive effort. The knowledge …
Persistent link: https://www.econbiz.de/10005079141
growth models estimated across world regions, these low levels of cognitive skills can account for the poor growth … comparable income data. Our growth analysis using these data confirms the significant effects of cognitive skills on intra …
Persistent link: https://www.econbiz.de/10005660139
leads innovators to seek more education over time. More generally, the results show that individual innovators are …
Persistent link: https://www.econbiz.de/10005720332
aggregate and per-capita GDP, as a case study of recent models of endogenous growth where human capital is the "engine of growth … and tertiary levels. While human capital is viewed as the direct facilitator of growth, the underlying factors driving the …
Persistent link: https://www.econbiz.de/10005723206