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Growth and Education: Good Data, Good Results

Author

Listed:
  • Daniel Cohen

    (PJSE - Paris-Jourdan Sciences Economiques - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, OCDE - Organisation de Coopération et de Développement Economiques = Organisation for Economic Co-operation and Development, CEPR - Center for Economic Policy Research)

  • Marcelo Soto

    (Instituto de analisis economico - Instituto de Análisis Económico)

Abstract
We present a new data set for years of schooling across countries for the 1960-2000 period. The series are constructed from the OECD database on educational attainment and from surveys published by UNESCO. Two features that improve the quality of our data with respect to other series, particularly for series in first-differences, are the use of surveys based on uniform classification systems of education over time, and an intensified use of information by age groups. As a result of the improvement in quality, these new series can be used as a direct substitute for Barro and Lee's (2001; Oxford Economic Papers, 3, 541-563) data in empirical research. In standard cross-country growth regressions we find that our series yield significant coefficients for schooling. In panel data estimates our series are also significant even when the regressions account for the accumulation of physical capital. Moreover, the estimated macro return is consistent with those reported in labour studies. These results differ from the typical findings of the earlier literature and are a consequence of the reduction in measurement error in the series.

Suggested Citation

  • Daniel Cohen & Marcelo Soto, 2007. "Growth and Education: Good Data, Good Results," Post-Print halshs-00754251, HAL.
    • Handle: RePEc:hal:journl:halshs-00754251
    DOI: 10.1007/s10887-007-9011-5
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    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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    Cited by:

    1. Valero, Anna & Van Reenen, John, 2019. "The economic impact of universities: Evidence from across the globe," Economics of Education Review, Elsevier, vol. 68(C), pages 53-67.
    2. Claude DIEBOLT & Ralph HIPPE, 2017. "Regional human capital inequality in Europe in the long run, 1850-2010," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 45, pages 5-30.
    3. repec:hal:spmain:info:hdl:2441/53mu57n92f9ir8pv4cpba1kkba is not listed on IDEAS
    4. Alan Martina, 2009. "On the Constrained Contribution of Advances in Medical Knowledge to the Economic Growth of Developing Countries," ANU Working Papers in Economics and Econometrics 2009-504, Australian National University, College of Business and Economics, School of Economics.
    5. Gabriele Ballarino & Elena Meschi & Francesco Scervini, 2013. "GINI DP 83: The expansion of education in Europe in the 20th Century," GINI Discussion Papers 83, AIAS, Amsterdam Institute for Advanced Labour Studies.
    6. repec:hal:spmain:info:hdl:2441/5us58cpgu693aofrbe48ajd552 is not listed on IDEAS
    7. Gilles Le Garrec, 2012. "Social security and growth in an aging economy : the case of acturial fairness," SciencePo Working papers Main hal-01070354, HAL.
    8. Gilles Le Garrec & Vincent Touzé, 2018. "Macroeconomics in the Age of Secular Stagnation," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(3), pages 69-92.
    9. Gilles Le Garrec & Vincent Touzé, 2016. "Capital accumulation and the dynamic of secular stagnation," Documents de Travail de l'OFCE 2016-17, Observatoire Francais des Conjonctures Economiques (OFCE).
    10. repec:spo:wpmain:info:hdl:2441/3n80vv97pd9vbosga5d7p1mnrc is not listed on IDEAS
    11. repec:spo:wpmain:info:hdl:2441/53mu57n92f9ir8pv4cpba1kkba is not listed on IDEAS
    12. Georgios Garafas & Ioannis Sotiropoulos & Georgios Georgakopoulos, 2020. "Human Capital and Economic Growth in Greece: Evidence from the Toda–Yamamoto Approach," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 70(3-4), pages 6-11, July-Dece.
    13. repec:hal:spmain:info:hdl:2441/3n80vv97pd9vbosga5d7p1mnrc is not listed on IDEAS
    14. Winter, Stefan & Pfitztner, Alexander, 2013. "Externalities and subsidization of higher education," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79993, Verein für Socialpolitik / German Economic Association.
    15. Gilles Le Garrec & Vincent Touzé, 2017. "La macroéconomie à l’heure de la stagnation séculaire," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(4), pages 79-104.
    16. Gilles Le Garrec & Vincent Touzé, 2015. "Stagnation séculaire et accumulation de capital," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(6), pages 307-337.
    17. repec:spo:wpmain:info:hdl:2441/5us58cpgu693aofrbe48ajd552 is not listed on IDEAS
    18. Gilles Le Garrec, 2012. "Social security and growth in an aging economy : the case of acturial fairness," Working Papers hal-01070354, HAL.
    19. Dyeggo Rocha Guedes & Aderbal Oliveira Damasceno, 2018. "Abertura Financeira, Acumulação De Capital E Produtividade Nos Países Em Desenvolvimento," Anais do XLIV Encontro Nacional de Economia [Proceedings of the 44th Brazilian Economics Meeting] 97, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    20. Alan Martina, 2007. "A Class of Poverty Traps: A Theory and Empirical Tests," ANU Working Papers in Economics and Econometrics 2007-482, Australian National University, College of Business and Economics, School of Economics.

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