Education has been one of the key determinants of economic growth around the world since 1965. In this paper, we discuss three different measures of education, and consider their relationship to the distribution of income as measured by the Gini coefficient as well as to economic growth across...

This paper is intended to demonstrate, in theory as well as empirically, how increased dependence on natural resources tends to go along with less rapid economic growth and greater inequality in the distribution of income across countries. On the other hand, public policy in support of education...

Empirical evidence seems to indicate that economic growth since 1965 has varied inversely with natural resource abundance across countries. This paper proposes a linkage between abundant natural resources and economic growth, through saving and investment. When the share of output that accrues...

Cover -- Title Page -- Copyright -- Dedication -- Contents -- Preface -- Introduction: A Theory of Innovation, Flourishing, and Growth/ Edmund Phelps -- Overview of the Chapters/ Raicho Bojilov, Gylfi Zoega, and Hian Teck Hoon -- I. ESTIMATING INNOVATION-ACROSS TIME AND ACROSS NATIONS -- 1....

This paper is intended to demonstrate, in theory as well as empirically, how increased dependence on natural resources tends to go along with less rapid economic growth and greater inequality in the distribution of income across countries. On the other hand, public policy in support of education...