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A replication of "Education and catch-up in the industrial revolution" (American Economic Journal: Macroeconomics, 2011)*

* This paper is a replication of an original study

Author

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  • Edwards, Jeremy

Abstract

Although European economic history provides essentially no support for the view that education of the general population has a positive causal effect on economic growth, a recent paper by Becker, Hornung and Woessmann (Education and Catch-Up in the Industrial Revolution, 2011) claims that such education had a significant impact on Prussian industrialisation. The author shows that the instrumental variable BHW use to identify the causal effect of education is correlated with variables that influenced industrialisation but were omitted from their regression models. When this specification error is corrected, and a systematic model selection procedure is used, the evidence shows that education of the general population had, if anything, a negative causal impact on industrialisation in Prussia.

Suggested Citation

  • Edwards, Jeremy, 2018. "A replication of "Education and catch-up in the industrial revolution" (American Economic Journal: Macroeconomics, 2011)," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 12, pages 1-33.
    • Handle: RePEc:zbw:ifweej:20183
    DOI: 10.5018/economics-ejournal.ja.2018-3
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    References listed on IDEAS

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    Cited by:

    1. Edwards, Jeremy, 2017. "Did Protestantism promote economic prosperity via higher human capital?," MPRA Paper 82346, University Library of Munich, Germany.

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    Replication

    This item is a replication of:
  • Sascha O. Becker & Erik Hornung & Ludger Woessmann, 2011. "Education and Catch-Up in the Industrial Revolution," American Economic Journal: Macroeconomics, American Economic Association, vol. 3(3), pages 92-126, July.

    • More about this item

    Keywords

    education; industrialisation; Prussia; regional effects; invalid instrument;
    All these keywords.

    JEL classification:

    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • N33 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Europe: Pre-1913
    • N63 - Economic History - - Manufacturing and Construction - - - Europe: Pre-1913
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

    Lists

    This item is featured on the following reading lists, Wikipedia, or ReplicationWiki pages:
    1. A replication of ‘Education and catch-up in the Industrial Revolution’ (American Economic Journal: Macroeconomics, 2011) (Economics e-journal 2018) in ReplicationWiki

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