Becker, Sascha O.; Hornung, Erik; Woessmann, Ludger - In: American Economic Journal: Macroeconomics 3 (2011) 3, pp. 92-126
Research increasingly stresses the role of human capital in modern economic development. Existing historical evidence -- mostly from British textile industries -- however, rejects that formal education was important for the Industrial Revolution. Our new evidence from technological follower...