THE WAVERING ECONOMIC THOUGHT ABOUT THE LINK BETWEEN EDUCATION AND GROWTH
| Autor: | Fodor, Maté, De Meulemeester, Jean Luc, Rochat, Denis |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2019 |
| Předmět: |
Education policy
O40 Employment Unemployment Wages Intergenerational Income Distribution I25 Macroeconomics [History of Thought] Growth Education and Economic Development Education Economie Human capital Quantitative and Mathematical [History of Thought] E24 General [Economic Growth and Aggregate Productivity] B22 B23 |
| Zdroj: | Working Papers CEB; 19-006 |
| Popis: | The objective of this paper is twofold. On the one hand, it provides a balanced account of both theoretical and empirical debates on the link between education and growth since World War 2. We point out the lack of a clear-cut consensus.On the other hand, we question the traditional measurements of human capital, and assess their fit to various theoretical models of growth. Subsequently, we provide a new and arguably more appropriate proxy. Using it, we document crude correlations in line with the literature, pointing out that education may not be an appropriate instrument to accelerate growth. info:eu-repo/semantics/published |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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