Thursday, November 14, 2013

15. Education and Economic growth

Scores on science tests have a particularly strong positive relation with economic growth. Given the quality of education, as represented by the test scores, the quantity of schooling — measured by average years of attainment of adult males at the secondary and higher levels — is still positively related to subsequent growth. However, the effect of school quality is quantitatively much more important. Barrow RJ, Education and Economic Growth, on http://www.oecd.org/edu/innovation-education/1825455.pdf

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