A note on schooling in development accounting

Francesco Caselli and Antonio Ciccone

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: How much would output increase if underdeveloped economies were to increase their levels of schooling? We contribute to the development accounting literature by describing a nonparametric upper bound on the increase in output that can be generated by more schooling. The advantage of our approach is that the upper bound is valid for any number of schooling levels with arbitrary patterns of substitution/complementarity. We also quantify the upper bound for all economies with the necessary data, compare our results with the standard development accounting approach, and provide an update on the results using the standard approach for a large sample of countries.

Keywords: schooling; production; efficiency; human capital; development accounting; growth accounting (search for similar items in EconPapers)
JEL-codes: I28 J24 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2011-12-09
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