Does education matter for economic growth?

Autor/inn/en	Delgado, Michael S.; Henderson, Daniel J.; Parmeter, Christopher F.
Titel	Does education matter for economic growth?
Quelle	Bonn: IZA (2012), 27 S. PDF als Volltext kostenfreie Datei Link als defekt meldenVerfügbarkeit
Reihe	Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit. 7089
Sprache	englisch
Dokumenttyp	online; Monographie; Graue Literatur
Schlagwörter	Schätzung; Bildungsniveau; Schulbesuch; Messung; Humankapital; Wirtschaftswachstum; Dauer; Arbeitspapier; Welt
Abstract	Empirical growth regressions typically include mean years of schooling as a proxy for human capital. However, empirical research often finds that the sign and significance of schooling depends on the sample of observations or the specification of the model. We use a nonparametric local-linear regression estimator and a nonparametric variable relevance test to conduct a rigorous and systematic search for significance of mean years of schooling by examining five of the most comprehensive schooling databases. Contrary to a few recent papers that have identified significant nonlinearities between education and growth, our results suggest that mean years of schooling is not a statistically relevant variable in growth regressions. However, we do find evidence (within a cross-sectional framework), that educational achievement, measured by mean test scores, may provide a more reliable measure of human capital than mean years of schooling.
Erfasst von	ZBW - Leibniz-Informationszentrum Wirtschaft, Kiel
Update	2013/2