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Is Education Prejudiced by Country‐Risk?

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  • TIAGO NEVES SEQUEIRA
  • NUNO FERRAZ
Abstract
We consider country‐risk as a determinant of education growth in a panel of countries. Applying cross‐country dynamic panel data estimations, we show that among the different levels of education, the secondary is the most affected, followed by the tertiary. When different single measures of risk are considered one by one, the tertiary education is affected by more types of risk than any other level of education. This contributes to the literature on the educational production function, as it adds a robust determinant of that function and indicates that politicians should endeavour to decrease country‐risk to enhance education.

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  • Tiago Neves Sequeira & Nuno Ferraz, 2009. "Is Education Prejudiced by Country‐Risk?," The Economic Record, The Economic Society of Australia, vol. 85(270), pages 307-317, September.
    • Handle: RePEc:bla:ecorec:v:85:y:2009:i:270:p:307-317
    DOI: 10.1111/j.1475-4932.2009.00540.x
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    References listed on IDEAS

    as
    1. Tiago Sequeira & Elsa Martins, 2008. "Education public financing and economic growth: an endogenous growth model versus evidence," Empirical Economics, Springer, vol. 35(2), pages 361-377, September.
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    2. Tiago Neves Sequeira & Marcelo Santos & Alexandra Ferreira-Lopes, 2019. "Human capital and genetic diversity," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 9(3), pages 311-330, September.

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