Schooling Quality and Economic Growth

F. Neri ()
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F. Neri: University of Wollongong, http://www.uow.edu.au/commerce/econ/who/index.html

Economics Working Papers from School of Economics, University of Wollongong, NSW, Australia

Abstract: Many studies of the determinants of economic growth rates across countries use a measure of schooling quantity, such as mean secondary school enrolment rates, to proxy for the rate of human capital accumulation. This approach ignores the contribution of schooling quality. We augment the growth model of Mankiw, Romer and Weil (1992) to include schooling quality, derive the relevant steady state income and growth rate equations, and then estimate the model. We find that differences in schooling quality across countries are probably more important than differences in schooling quantity in explaining variations in economic growth rates.

Keywords: Illawarra Regional Workplace Industrial Relations Survey; workplace employee relations; Australia (search for similar items in EconPapers)
JEL-codes: O40 E13 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev, nep-lab and nep-lam
Date: 2001
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