Journal ArticleDOI
Schools and Skills in Developing Countries: Education Policies and Socioeconomic Outcomes
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This article reviewed recent research on the determinants of educational outcomes and the impact of those outcomes on other socioeconomic phenomena, and addressed three questions: 1) What schifts are the sch...Abstract:
This paper reviews recent research on the determinants of educational outcomes, and the impact of those outcomes on other socioeconomic phenomena. It addresses three questions: 1) What sch...read more
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Estimation and Inference in Econometrics
TL;DR: A theme of the text is the use of artificial regressions for estimation, reference, and specification testing of nonlinear models, including diagnostic tests for parameter constancy, serial correlation, heteroscedasticity, and other types of mis-specification.
Journal ArticleDOI
The economic importance of financial literacy: theory and evidence
TL;DR: In this paper, the authors present an assessment of a rapidly growing body of economic research on financial literacy and examine the impact of financial literacy on economic decision-making in the United States and elsewhere.
Journal ArticleDOI
Schooling and Labor Market Consequences of School Construction in Indonesia: Evidence from an Unusual Policy Experiment
TL;DR: In this paper, the authors evaluate the effect of this program on education and wages by combining differences across regions in the number of schools constructed with differences across cohorts induced by the timing of the program.
Journal ArticleDOI
The Role of Cognitive Skills in Economic Development
TL;DR: The role of cognitive skills in pro- moting economic well-being, with a particular focus on the role of school quality and quantity, has been reviewed in this paper, concluding that there is strong evidence that the cognitive skills of the population are powerfully related to indi- vidual earnings, to the distribution of income, and to economic growth.
Journal ArticleDOI
Schooling and Labor Market Consequences of School Construction in Indonesia: Evidence from an Unusual Policy Experiment
TL;DR: This article found that each primary school constructed per 1,000 children led to an average increase of 0.12 to 0.19 years of education, as well as a 1.5 to 2.7 percent increase in wages.
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The mechanics of economic development
Abstract: This paper considers the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development. Three models are considered and compared to evidence: a model emphasizing physical capital accumulation and technological change, a model emphasizing human capital accumulation through schooling, and a model emphasizing specialized human capital accumulation through learning-by-doing.
Journal ArticleDOI
On the mechanics of economic development
TL;DR: In this article, the authors consider the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development, and compare three models and compared to evidence.
Journal ArticleDOI
A Contribution to the Empirics of Economic Growth
TL;DR: The authors examined whether the Solow growth model is consistent with the international variation in the standard of living, and they showed that an augmented Solow model that includes accumulation of human as well as physical capital provides an excellent description of the cross-country data.
ReportDOI
Economic Growth in a Cross Section of Countries
TL;DR: For 98 countries in the period 1960-1985, the growth rate of real per capita GDP is positively related to initial human capital (proxied by 1960 school-enrollment rates) and negatively related to the initial (1960) level as mentioned in this paper.
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