Does Education Matter for Economic Growth?

B-Tier
Journal: Oxford Bulletin of Economics and Statistics
Year: 2014
Volume: 76
Issue: 3
Pages: 334-359

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

type="main" xml:id="obes12025-abs-0001"> <title type="main">Abstract</title> <p>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 non-parametric local-linear regression estimator and a non-parametric 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 articles 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.

Technical Details

RePEc Handle
repec:bla:obuest:v:76:y:2014:i:3:p:334-359
Journal Field
General
Author Count
3
Added to Database
2026-01-26