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Schooling Quality and Economic Growth

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Abstract

Many studies of the determinants of economic growth rates across countries use a measure of schooling quantity, such as mean secondary school enrolment rates, to proxy for the rate of human capital accumulation. This approach ignores the contribution of schooling quality. We augment the growth model of Mankiw, Romer and Weil (1992) to include schooling quality, derive the relevant steady state income and growth rate equations, and then estimate the model. We find that differences in schooling quality across countries are probably more important than differences in schooling quantity in explaining variations in economic growth rates.

Suggested Citation

  • Neri, F., 2001. "Schooling Quality and Economic Growth," Economics Working Papers wp01-06, School of Economics, University of Wollongong, NSW, Australia.
    • Handle: RePEc:uow:depec1:wp01-06
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    File URL: http://www.uow.edu.au/content/groups/public/@web/@commerce/@econ/documents/doc/uow012108.pdf
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    Cited by:

    1. Juan David Barón & Gerson Javier pérez & Peter Rowland, 2004. "A Regional Economic Policy for Colombia," Revista de Economía del Rosario, Universidad del Rosario, December.

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    More about this item

    Keywords

    Illawarra Regional Workplace Industrial Relations Survey; workplace employee relations; Australia;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical

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