Will more higher education improve economic growth?

Eric Hanushek

Oxford Review of Economic Policy, 2016, vol. 32, issue 4, 538-552

Abstract: Calls for expanded university education are frequently based on arguments that more graduates will lead to faster growth. Empirical analysis does not, however, support this general proposition. Differences in cognitive skills—the knowledge capital of countries—can explain most of the differences in growth rates across countries, but just adding more years of schooling without increasing cognitive skills historically has had little systematic influence on growth.

Keywords: economic growth; higher education; cognitive skills; knowledge capital (search for similar items in EconPapers)
JEL-codes: I2 O4 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (44)

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