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Higher Test Scores or More Schooling? Another Look at the Causes of Economic Growth

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  • Theodore R. Breton

Abstract

I use a dynamic augmented Solow model to estimate the effect of international test scores and investment in schooling and tutoring on economic growth rates in 55 countries during 1985-2005. Either test scores or investment in schooling and tutoring can explain growth rates in the full data set or in countries that had less than 8 years of schooling in 1985. In countries with more schooling in 1985, investment in schooling has a small effect and test scores have no effect on growth rates. In the 24 countries with scores above 470, higher scores have no effect on growth rates.

Suggested Citation

  • Theodore R. Breton, 2015. "Higher Test Scores or More Schooling? Another Look at the Causes of Economic Growth," Journal of Human Capital, University of Chicago Press, vol. 9(2), pages 239-263.
  • Handle: RePEc:ucp:jhucap:doi:10.1086/681911
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    File URL: http://dx.doi.org/10.1086/681911
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    References listed on IDEAS

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    1. Theodore Breton, 2010. "Schooling and national income: how large are the externalities?," Education Economics, Taylor & Francis Journals, vol. 18(1), pages 67-92.
    2. Isaac Ehrlich & Jinyoung Kim, 2007. "The Evolution of Income and Fertility Inequalities over the Course of Economic Development: A Human Capital Perspective," Journal of Human Capital, University of Chicago Press, vol. 1(1), pages 137-174.
    3. Theodore Breton, 2010. "Schooling and national income: how large are the externalities? Corrected estimates," Education Economics, Taylor & Francis Journals, vol. 18(4), pages 455-456.
    4. Hai-Anh Dang & F. Halsey Rogers, 2008. "The Growing Phenomenon of Private Tutoring: Does It Deepen Human Capital, Widen Inequalities, or Waste Resources?," World Bank Research Observer, World Bank Group, vol. 23(2), pages 161-200, April.
    5. Theodore Breton, 2010. "Schooling and National Income: How Large Are the Externalities? Revised Estimates," DOCUMENTOS DE TRABAJO CIEF 010613, UNIVERSIDAD EAFIT.
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    Cited by:

    1. Altinok, Nadir & Aydemir, Abdurrahman, 2017. "Does one size fit all? The impact of cognitive skills on economic growth," Journal of Macroeconomics, Elsevier, vol. 53(C), pages 176-190.
    2. Breton, Theodore R., 2015. "Human capital and growth in Japan: Converging to the steady state in a 1% world," Journal of the Japanese and International Economies, Elsevier, vol. 36(C), pages 73-89.

    More about this item

    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development

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