Institutions, Education, and Economic Performance

Jamus Lim and Jonathon Adams-Kane

MPRA Paper from University Library of Munich, Germany

Abstract: This paper considers the interactions between governance, educational outcomes, and economic performance. More specifically, we seek to establish the linkages by which institutional quality affect growth by considering its mediating impact on education. While the contribution of both human capital and institutions to growth are often acknowledged, the channels by which institutions affect human capital and, in turn, growth, has been relatively underexplored. Our empirical approach adopts a two-stage strategy that estimates national-level educational production functions which include institutional governance as a covariate, and uses these estimates as instruments for human capital in cross-country growth regressions.

Keywords: Institutions; human capital; education; economic growth (search for similar items in EconPapers)
JEL-codes: H11 O15 O43 (search for similar items in EconPapers)
Date: 2008-10-28
New Economics Papers: this item is included in nep-dev, nep-edu, nep-eff and nep-hrm
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:11800

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