Higher Test Scores or More Schooling? Another Look at the Causes of Economic Growth
Theodore Breton ()
Journal of Human Capital, 2015, vol. 9, issue 2, 239 - 263
I use a dynamic augmented Solow model to estimate the effect of international test scores and investment in schooling and tutoring on economic growth rates in 55 countries during 1985-2005. Either test scores or investment in schooling and tutoring can explain growth rates in the full data set or in countries that had less than 8 years of schooling in 1985. In countries with more schooling in 1985, investment in schooling has a small effect and test scores have no effect on growth rates. In the 24 countries with scores above 470, higher scores have no effect on growth rates.
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Working Paper: Higher Test Scores or More Schooling? Another Look at the Causes of Economic Growth (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:ucp:jhucap:doi:10.1086/681911
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