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International Data on Educational Attainment Updates and Implications
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TL;DR: In this paper, the authors presented a data set that improves the measurement of educational attainment for a broad group of countries, and extended their previous estimates for the population over age 15 and over age 25 up to 1995 and provided projections for 2000.
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Abstract: This paper presents a data set that improves the measurement of educational attainment for a broad group of countries. We extend our previous estimates of educational attainment for the population over age 15 and over age 25 up to 1995 and provide projections for 2000. We discuss the estimation method for the measures of educational attainment and relate our estimates to alternative international measures of human capital stocks.
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Citations
Does human capital stimulate investment in physical capital?: Evidence from a cost system framework
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TL;DR: In this paper, the authors provide evidence on the indirect effect of human capital in making private capital investment more attractive, and observe that higher worker skill levels enable higher returns to be extracted from investment in physical capital.
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Education, growth, and income inequality
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TL;DR: In this paper, the authors present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country panel data on inequality and GDP to test these ideas.
High-tech exports and economic growth in industrialized countries
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97
Spatial Spillovers in the Development of Institutions
TL;DR: In this article, the authors examine spatial spillovers between countries in the development of institutions and provide evidence of the size of the general equilibrium (direct and indirect) effects of spatial spillover by examining a counterfactual -the non-existence of the Soviet Union.
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Ricardian–Heckscher–Ohlin comparative advantage: Theory and evidence ☆
TL;DR: In this article, a unified and tractable model of comparative advantage due to differences in both factor abundance and relative productivity differences across industries is derived and conditions under which ignoring one force for comparative advantage biases empirical tests of the other.
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References
Financial Dependence and Growth
Raghuram G. Rajan,Raghuram G. Rajan,Raghuram G. Rajan,Luigi Zingales,Luigi Zingales,Luigi Zingales +5 more
TL;DR: This paper examined whether financial development facilitates economic growth by scrutinizing one rationale for such a relationship; that financial development reduces the costs of external finance to firms, and found that industrial sectors that are relatively more in need of foreign finance develop disproportionately faster in countries with more developed financial markets.
Why Do Some Countries Produce so Much More Output Per Worker than Others
TL;DR: This paper showed that differences in physical capital and educational attainment can only partially explain the variation in output per worker, and that a large amount of variation in the level of the Solow residual across countries is driven by differences in institutions and government policies.
Why do Some Countries Produce So Much More Output Per Worker than Others
Robert E. Hall,Charles I. Jones +1 more
TL;DR: This article showed that the differences in capital accumulation, productivity, and therefore output per worker are driven by differences in institutions and government policies, which are referred to as social infrastructure and called social infrastructure as endogenous, determined historically by location and other factors captured by language.
•Posted Content
Financial Dependence and Growth
Raghuram G. Rajan,Luigi Zingales +1 more
TL;DR: This paper examined whether financial development facilitates economic growth by scrutinizing one rationale for such a relationship: that financial development reduces the costs of external finance to firms, and they found that industrial sectors that are relatively more in need of foreign finance develop disproportionately faster in countries with more developed financial markets.
6.8K
Africa's Growth Tragedy: Policies and Ethnic Divisions
William Easterly,Ross Levine +1 more
TL;DR: This article showed that ethnic diversity helps explain cross-country differences in public policies and other economic indicators in Sub-Saharan Africa, and that high ethnic fragmentation explains a significant part of most of these characteristics.
6.5K