The Schumpeterian Approach to Education and Growth

Philippe Aghion
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Philippe Aghion: Harvard University

Chapter 5 in Institutional Change and Economic Behaviour, 2008, pp 99-112 from Palgrave Macmillan

Abstract: Abstract Unlike other subjects or questions on which I have been working, my thinking about education and growth was spurred by policy demands. First, by the French Conseil d’Analyse Economique which asked me to write a report on the subject back in 2001. And a year later, by the European Commission which asked me to co-author a report (now referred to as the ‘Sapir Report’) on the causes of the slow growth in Western Europe. A first look at the United States versus the EU in 1999–2000 shows that 37.3 per cent of the United States population aged 25–64 have completed a higher education degree, against only 23.8 per cent of the EU population. This educational attainment comparison is mirrored by that on tertiary education expenditure, with the United States devoting 3 per cent of its GDP to tertiary education versus only 1.4 per cent in the EU. Is this European deficit in tertiary education investment adverse for growth?

Keywords: Human Capital; Productivity Growth; Human Capital Accumulation; Technological Frontier; Country Fixed Effect (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-0-230-58342-9_5

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DOI: 10.1057/9780230583429_5

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