For long-term economic development, only skills matter

Eric Hanushek

IZA World of Labor, 2017, No 343, 343

Abstract: Politicians typically focus on short-term economic issues; but, a nation’s long-term economic well-being is directly linked to its rate of economic growth. In turn, its growth rate is directly linked to the economically relevant skills of its population. Until recently, however, economists have found it hard to confirm this through empirical analysis because of difficulties in measuring the skills of different societies. International tests of mathematics and science achievement now offer reliable measures of a population’s relevant cognitive skills.

Keywords: growth; cognitive skills; knowledge capital; teacher quality; Sustainable Development Goals; schools (search for similar items in EconPapers)
JEL-codes: I25 O1 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (4)

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