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The Role of School Improvement in Economic Development
Hanushek, Eric A. - 2007
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 wellbeing, with a particular focus on the...
Persistent link: https://www.econbiz.de/10012777643
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What accounts for the US ascendancy to economic superpower by the early 20th century : the morrill act - human capital hypothesis
Ehrlich, Isaac; Cook, Adam; Yin, Yong - 2018
Maddison's international panel data show that technically it was the faster growth rate of the US economy that led to its overtaking the UK as economic superpower. We explore the contributing factors. Identifying the land-grant colleges system triggered by the 1862/1890 Morrill Acts (MAs) as a...
Persistent link: https://www.econbiz.de/10011880789
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Productive Consumption, the Intertemporal Consumption Trade-Off and Growth
Steger, Thomas Michael - 2002
Productive consumption enables the satisfaction of current needs and simultaneously increases the productive potential of labour. From the perspective of growth theory, the productive-consumption hypothesis is of fundamental interest because it modifies the harsh intertemporal consumption...
Persistent link: https://www.econbiz.de/10014139440
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Gender Inequality and Economic Growth : Evidence from Industry-Level Data
Bertay, Ata Can - 2020
We study whether higher gender equality facilitates economic growth by enabling better allocation of a valuable resource: female labor. By allocating female labor to its more productive use, we hypothesize that reducing gender inequality should disproportionately benefit industries with...
Persistent link: https://www.econbiz.de/10012827585
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An estimation of CPI biases in Argentina 1985-2005 and its implications on real income growth and income distribution
Gluzmann, Pablo; Sturzenegger, Federico - In: Latin American economic review : LAER ; official … 27 (2018), pp. 1-50
We use the shifts in Engel curves calculated from household surveys to estimate CPI biases in Argentina between 1985 and 2005. We find that real earning levels increased during this period between 4.3 and 5.7% faster per year than previously estimated. More surprisingly, relative to conventional...
Persistent link: https://www.econbiz.de/10011885898
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The role of school improvement in economic development
Hanushek, Eric Alan; Woessmann, Ludger - 2007
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/10010274157
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Human capital, economic growth, and public expenditure
Bethencourt, Carlos; Perera-Tallo, Fernando - 2020
To understand the weak empirical relationship between human capital and macroeconomic performance, this paper presents a model in which human capital is allocated to three activities: production, tax collection (bureaucracy), and public education. The effective tax rate is low in poor countries...
Persistent link: https://www.econbiz.de/10012139717
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Explaining the Engel Curve : Climbing Up the Growth Ladder
Choi, Hak - 2015
This paper turns the static Engel Curve model of consumption into a dynamic interactive theory of growth. It explains why some countries remain trapped in the vicious circle of low income and low consumption, and works out how some others can move to higher income ground. Thrifty consumption and...
Persistent link: https://www.econbiz.de/10013022747
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FDI as an Opportunity for Economic growth of Bangladesh : A VECM Analysis
Asaduzzaman, Md - 2019
well as the Real Effective Exchange Rate (REER) and Trade Openness (TOP) of Bangladesh over the period from 1973 to 2017 by …-run and long-run relationship that exists between economic growth and foreign direct investment in Bangladesh. While the Error … chances of Bangladesh to develop its economy. Therefore, the policymaker should have more foresight to influence foreign …
Persistent link: https://www.econbiz.de/10012858199
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Education and "human capitalists" in a classical-Marxian model of growth and distribution
Dutt, Amitava Krishna; Veneziani, Roberto - 2017
A simple classical-Marxian model of growth and distribution is developed in which education transforms low-skilled workers into high-skilled ones and in which high-skilled workers save and hold capital, therefore receiving both high-skilled wages and profit income. We analyze the implications...
Persistent link: https://www.econbiz.de/10011596528