G2TT
来源类型Discussion paper
规范类型论文
来源IDDP11425
DP11425 Do cognitive skills Impact Growth or Levels of GDP per capita?
Zvi Eckstein; Assaf Sarid
发表日期2016-08-02
出版年2016
语种英语
摘要Incredible policy attention has been given to the claim that an increase in the quality of education as measuredby international tests (e.g. PISA tests) has a significant impact on the GDP long-run growth rate (Hanushek and Woessmann, 2015). This study is based mostly on aggregate data from the second half of the century, and never addresses the question of the current paper, which is whether the impact of the quality of cognitive skills affects the level of GDP per capita or the long run growth rate. Focusing on this question, we construct a variant standard growth model in which cognitive skills have theoretically both a level and growth rate effects by assumption. Estimating this model using standard cross-country data and panel data, cognitive skills measured by the methodology of Hanushek and Woessmann (2015) have a significant level effect on GDP but not a growth effect. Therefore, the cognitive skills improvement impact economic growth is bounded.
主题Labour Economics
关键词Education and economic development Empirical studies of economic growth Human capital
URLhttps://cepr.org/publications/dp11425
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/540239
推荐引用方式
GB/T 7714
Zvi Eckstein,Assaf Sarid. DP11425 Do cognitive skills Impact Growth or Levels of GDP per capita?. 2016.
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