We try to identify which economic factors might be responsible for the large international differences in student performance. We present time series evidence for a number of European countries which suggests that rising educational expenditures obviously did not improve student performance....

We use estimates of the effect of educational achievement - measured by international student achievement tests - on economic growth to simulate the impact of improved achievement for individual EU countries and the EU as a whole. We calculate the present value of improvements in GDP over the...

Governments around the world are deeply divided about the proper role of industrial policy, with some politicians arguing for hands-off governance and others supporting government intervention to promote ""national champions""-- firms that receive government support for both political and...