This paper challenges Hanushek and Woessmann's (2008) contention that the quality and
not the quantity of schooling determines a nation's rate of economic growth. I first show that …

The chronic underinvestment in higher education has serious ramifications for both
individuals and society. Winner, Best Book in Education, 2009 PROSE Awards, Professional …

Background This paper was prepared to address the issue of whether current levels of
public expenditures on education are cost-effective in countries with widely differing average …

The sustainability issue is the crucial one in distressed, socio-economic environment and in
the new and old social risks era. Additionally, the welfare state crisis and the regulations …

This paper considers the relationship between institutional quality, educational outcomes,
and economic performance. More specifically, we seek to establish the linkages by which …

In Mankiw, Romer, and Weil's augmented Solow model [Quarterly Journal of Economics 107
(2) 407–437 (1992)], the marginal product of human capital accrues to three factors of …

While monetary benefits from higher education are extensive, there appears to be an
absence of empirical evidence on how higher education contributes to civic engagement …

Geary and Stark find that Ireland's post‐Famine per capita GDP converged with British
levels, and that this convergence was largely due to total factor productivity growth rather …

This paper reviews the key theories relating to the role of education in economic
development and social change and how education, as a critical component of total factor …

I use a dynamic augmented Solow model to estimate the effect of international test scores
and investment in schooling and tutoring on economic growth rates in 55 countries during …