Benos, Nikos and Zotou, Stefania (2013): Education and Economic Growth: A Meta-Regression Analysis.
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Abstract
This paper surveys the literature that examines the effect of education on economic growth. Specifically, we apply meta-regression analysis to 56 studies with 979 estimates and show that there is substantial publication selection bias towards a positive impact of education on growth. Once we account for this, we find evidence of a genuine effect of education on economic growth. The variation in reported estimates can be attributed to differences in the measurement of education and study characteristics, most importantly model specification, estimation methodology, type of data and the research outlet where studies were published, e.g. academic journals vs. working papers.
Item Type: | MPRA Paper |
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Original Title: | Education and Economic Growth: A Meta-Regression Analysis |
Language: | English |
Keywords: | Education, human capital, economic growth, meta-regression analysis, world sample |
Subjects: | C - Mathematical and Quantitative Methods > C0 - General > C01 - Econometrics E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity I - Health, Education, and Welfare > I2 - Education and Research Institutions > I25 - Education and Economic Development O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O50 - General |
Item ID: | 46143 |
Depositing User: | Nikos Benos |
Date Deposited: | 15 Apr 2013 08:48 |
Last Modified: | 26 Sep 2019 14:36 |
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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/46143 |