Education and Economic Growth: A Meta-Regression Analysis

Nikos Benos () and Stefania Zotou

MPRA Paper from University Library of Munich, Germany

Abstract: This paper surveys the literature that examines the effect of education on economic growth. Specifically, we apply meta-regression analysis to 56 studies with 979 estimates and show that there is substantial publication selection bias towards a positive impact of education on growth. Once we account for this, we find evidence of a genuine effect of education on economic growth. The variation in reported estimates can be attributed to differences in the measurement of education and study characteristics, most importantly model specification, estimation methodology, type of data and the research outlet where studies were published, e.g. academic journals vs. working papers.

Keywords: Education; human capital; economic growth; meta-regression analysis; world sample (search for similar items in EconPapers)
JEL-codes: C01 E24 I25 O50 (search for similar items in EconPapers)
Date: 2013-03
New Economics Papers: this item is included in nep-edu and nep-fdg
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Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Education and Economic Growth: A Meta-Regression Analysis (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:46143

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