| Hanushek, Eric A.; Wößmann, Ludger (2010): Education and economic growth. In: Peterson, Penelope (ed.) : International Encyclopedia of Education. Oxford: Elsevier. pp. 245-252 |
Full text not available from 'Open Access LMU'.
Abstract
This article reviews the role of education in promoting economic growth, with a particular focus on the role of educational quality. It concludes that there is strong evidence that the cognitive skills of the population - rather than mere school attainment - are powerfully related to long-run economic growth. The relationship between skills and growth proves extremely robust in empirical applications. The effect of skills is complementary to the quality of economic institutions. Growth simulations reveal that the long-run rewards to educational quality are large but also require patience.
| Item Type: | Book Section |
|---|---|
| Faculties: | Economics Economics > Chairs > CESifo-Professorship for Empirical Innovation Economics |
| Subjects: | 300 Social sciences > 330 Economics |
| ISBN: | 978-0-08-044894-7 |
| Place of Publication: | Oxford |
| Language: | English |
| ID Code: | 20460 |
| Deposited On: | 15. Apr 2014 08:59 |
| Last Modified: | 04. Nov 2020 13:01 |
Repository Staff Only: item control page
