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We estimate the relative roles of factor inputs and productivity in explaining the level of economic development, which … is measured as output per worker. For a large sample of countries, we show that alternative identifying productivity … productivity in a decomposition of output per worker. For a sample of OECD countries, we find that productivity has almost no role …
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of education. Cross-country differences in qualityadjusted human capital can account for about half the world …
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of education. Cross-country differences in quality-adjusted human capital can account for about half the world …
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In this book Eric Hanushek and Ludger Woessmann make a simple, central claim, developed with rigorous theoretical and empirical support: knowledge is the key to a country’s development. Of course, every country acknowledges the importance of developing human capital, but Hanushek and Woessmann...
Persistent link: https://www.econbiz.de/10010531211
Contents -- CESifo Book Series Foreword -- Preface -- 1 Introduction -- 2 A Structure for Understanding Growth -- 3 Knowledge Capital and Growth -- 4 Causation -- 5 Developing Countries -- 6 Developed Countries -- 7 The Economic Value of Educational Reform -- 8 Policies to Improve Knowledge...
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