A Note to Schooling in Development Accounting

Francesco Caselli (f.caselli@lse.ac.uk) and Antonio Ciccone (antonio.ciccone@upf.edu)
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Francesco Caselli: London School of Economics
Antonio Ciccone: Pompeu Fabra University

No 308, ADB Economics Working Paper Series from Asian Development Bank

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 levels of 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: development accounting; education; output increase; schooling levels; underdeveloped economies (search for similar items in EconPapers)
JEL-codes: C14 O10 O47 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2012-10-01
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