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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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Trade Creation and Diversion Revisited: Accounting for Model Uncertainty and Natural Trading Partner Effects
TL;DR: Bayesian Model Averaging (BMA) as mentioned in this paper minimizes the sum of Type I and Type II error, the mean squared error, and generates predictive distributions with optimal predictive performance.
Changes in World Inequality in Length of Life: 1970–2000
TL;DR: Examining life-span inequality in a comprehensive panel of 180 countries observed in 1970 and 2000 finds that the absolute level of between-country inequality has risen over time, and the sources of widening inequality in length of life between countries remain unclear.
Globalization and Growth in the Low Income African Countries with the Extreme Bounds Analysis
TL;DR: In this article, the authors used a comprehensive measure of a globalization of Dreher (2006), which is based on measures of globalization of the economic, social and political sectors, and examined the sensitivity of this growth effect with the extreme bounds analysis.
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Homicide Rates in a Cross‐Section of Countries: Evidence and Interpretations
TL;DR: This article used a regression analysis to explore the cross-country variation in homicide rates for a large sample of countries, identifying seven significant regional dummy variables, to which traditional socio-economic, cultural, and institutional variables are added and tested.
Eliciting Probabilistic Expectations with Visual Aids in Developing Countries: How Sensitive Are Answers to Variations in Elicitation Design?
TL;DR: In this article, the authors conducted an experiment in India that tested the sensitivity of elicited expectations to variations in three facets of the elicitation methodology: the number of beans, the design of the support (pre-determined or self-anchored), and the ordering of questions.
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