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Falck, Oliver; Schwerdt, Guido; Herrmann, Anja; Hörl, Maximiliane (2013): Ist die Ausbildung von Spitzenmathematikern wichtig für wirtschaftliches Wachstum? In: Wirtschaftsdienst, Vol. 93, No. 12: pp. 859-863
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We shed new light on the relative importance that schools’ ability to produce high achievers in math has for economic growth. Drawing on data from the International Mathematical Olympiad (IMO), the world championship in mathematics for high school students, we construct a measure for a country’s ability to produce high achievers in math. Results from cross-country growth regressions reveal a strong and significant relationship between economic growth and IMO performance that remains even if differences in average cognitive skills among countries are taken into account.