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Schooling attainment, schooling expenditures, and test scores what causes economic growth?

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  • Theodore R. Breton

Abstract

Using a dynamic augmented Solow model, I estimate the effect of students’ schooling attainment, schooling expenditures, and students’ test scores on growth rates over the period 1985-2005. I also estimate the effect of related measures for human capital stocks on national income in a static model in 2005. Individually all of the measures cause growth, and when included in the same model, more than one is statistically significant. Relative measurement error appears to determine which measure provides the best results. The results support the importance of increases in human capital for growth and the validity of the augmented Solow model.

Suggested Citation

  • Theodore R. Breton, 2013. "Schooling attainment, schooling expenditures, and test scores what causes economic growth?," Documentos de Trabajo de Valor Público 10941, Universidad EAFIT.
    • Handle: RePEc:col:000122:010941
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    More about this item

    Keywords

    Schooling Attainment; Schooling Expenditures; Test Scores; Economic Growth;
    All these keywords.

    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development

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