A replication of "Education and catch-up in the industrial revolution" (American Economic Journal: Macroeconomics, 2011)

Jeremy Edwards

Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), 2018, vol. 12, No 2018-3, 33 pages

Abstract: Although European economic history provides essentially no support for the view that education of the general population has a positive causal effect on economic growth, a recent paper by Becker, Hornung and Woessmann (Education and Catch-Up in the Industrial Revolution, 2011) claims that such education had a significant impact on Prussian industrialisation. The author shows that the instrumental variable BHW use to identify the causal effect of education is correlated with variables that influenced industrialisation but were omitted from their regression models. When this specification error is corrected, and a systematic model selection procedure is used, the evidence shows that education of the general population had, if anything, a negative causal impact on industrialisation in Prussia.

Keywords: education; industrialisation; Prussia; regional effects; invalid instrument (search for similar items in EconPapers)
JEL-codes: I25 N13 N33 N63 O14 (search for similar items in EconPapers)
Date: 2018
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http://dx.doi.org/10.5018/economics-ejournal.ja.2018-3
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Related works:
Working Paper: A replication of "Education and catch-up in the Industrial Revolution" (American Economic Journal: Macroeconomics, 2011) (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifweej:20183

DOI: 10.5018/economics-ejournal.ja.2018-3

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