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Institutions, Education, and Economic Performance

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  • Lim, Jamus Jerome
  • Adams-Kane, Jonathon

Abstract

This paper considers the interactions between governance, educational outcomes, and economic performance. More specifically, we seek to establish the linkages by which institutional quality affect growth by considering its mediating impact on education. While the contribution of both human capital and institutions to growth are often acknowledged, the channels by which institutions affect human capital and, in turn, growth, has been relatively underexplored. Our empirical approach adopts a two-stage strategy that estimates national-level educational production functions which include institutional governance as a covariate, and uses these estimates as instruments for human capital in cross-country growth regressions.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 11800.

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Date of creation: 28 Oct 2008
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Handle: RePEc:pra:mprapa:11800

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Keywords: Institutions; human capital; education; economic growth;

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Cited by:
  1. Jeroen Klomp & Jakob Haan, 2013. "Political Regime and Human Capital: A Cross-Country Analysis," Social Indicators Research, Springer, Springer, vol. 111(1), pages 45-73, March.

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