Growth and Education

Does education matter for growth? Which type of education investment (primary, secondary, or tertiary) matters most? Is there a relationship between growth or innovation and the governance of higher education? This paper surveys recent attempts at answering these questions. It first contrasts the 'Lucas approach,' whereby growth is affected by the accumulation of human capital, with the 'Nelson?Phelps approach,' whereby growth is affected by the stock of human capital and by its interaction with the underlying process of technological innovation. Then the paper argues that growth in countries that are close to the world technological frontier benefit more from tertiary education, whereas countries that lie below the frontier benefit more from primary and secondary education. Finally, the paper discusses the relationship between innovation and the governance of universities.

Bibliographic Details

Main Author:	Aghion, Philippe
Format:	Working Paper biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2009
Subjects:	ACADEMIC AUTONOMY, ACADEMIC PERFORMANCE, ALLOCATION, AMERICAN UNIVERSITIES, ANNUAL GROWTH, ANNUAL GROWTH RATE, AVERAGE GROWTH, AVERAGE LEVEL, AVERAGE PRODUCTIVITY, BENCHMARK, CAPITAL ACCUMULATION, CAPITAL INCREASES, CAPITAL PRODUCES, COMMUNITY COLLEGES, COUNTRY CASE, COUNTRY REGRESSIONS, CROSS COUNTRY, CURRICULUM, DEGREES, DEVELOPING COUNTRIES, DEVELOPMENT PRACTITIONERS, DISCIPLINES, DISTRIBUTION OF WEALTH, ECONOMETRIC ANALYSIS, ECONOMETRICS, ECONOMIC COOPERATION, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMIC LITERATURE, ECONOMIC RESEARCH, ECONOMICS, EDUCATION SECTOR, EDUCATION SYSTEMS, EDUCATIONAL ATTAINMENT, EDUCATIONAL POLICY, EMPIRICAL WORK, ERROR TERM, EXPENDITURES, EXPLANATORY VARIABLES, EXPORT DIVERSIFICATION, EXTERNALITIES, FACULTIES, FACULTY POSITIONS, FISCAL POLICIES, FIXED EFFECTS, FUTURE RESEARCH, GDP, GDP PER CAPITA, GRADUATE SCHOOLS, GROWTH IMPACT, GROWTH LITERATURE, GROWTH MODEL, GROWTH MODELS, GROWTH PERFORMANCE, GROWTH RATE, GROWTH THEORY, HIGHER EDUCATION, HIGHER EDUCATION FUNDING, HIGHER EDUCATION SPENDING, HUMAN CAPITAL, INCREASING RETURNS, INCREASING RETURNS TO SCALE, INDIVIDUAL COUNTRIES, INDUSTRIALIZED COUNTRIES, LABOR MARKET, LABOR MARKETS, LEARNING, LITERATURE, LONG RUN, LOW-INCOME COUNTRIES, MACROECONOMIC POLICY, MATHEMATICS, MONETARY ECONOMICS, NATURAL RESOURCES, NATURAL SCIENCES, OUTPUT GROWTH, PANEL REGRESSIONS, PAPERS, PERFORMANCE INDICATORS, PHYSICS, POLICY MAKERS, POLICY RESEARCH, POLITICAL ECONOMY, POSTGRADUATE EDUCATION, POVERTY REDUCTION, PRIMARY EDUCATION, PRIVATE OWNERSHIP, PRIVATE UNIVERSITIES, PRIVATE UNIVERSITY, PRODUCTION FUNCTION, PRODUCTIVITY, PRODUCTIVITY GROWTH, PROFESSORS, PUBLIC EXPENDITURE, PUBLIC UNIVERSITIES, PUBLIC UNIVERSITY, PUBLISHERS, RELATIVE IMPORTANCE, REPUBLIC, RESEARCH FUNDING, RESEARCH GRANTS, RESEARCH PERFORMANCE, RESEARCH UNIVERSITIES, RESEARCH UNIVERSITY, RESEARCHERS, RISK AVERSION, SCHOLARS, SCHOOLS, SECONDARY EDUCATION, SENIORITY, SIGNIFICANT CORRELATION, SIGNIFICANT EFFECT, SKILLED LABOR, SKILLED WORKERS, SOCIAL SCIENCE, STANDARD DEVIATION, TEACHING, TECHNOLOGICAL INNOVATION, TECHNOLOGY FRONTIER, TERTIARY EDUCATION, TUITION, UNDERGRADUATE EDUCATION, UNDERGRADUATE LEVEL, UNIVERSITIES, UNIVERSITY AUTONOMY, UNIVERSITY BUDGET, UNIVERSITY EDUCATION, UNIVERSITY FACULTY, UNIVERSITY FUNDING, UNIVERSITY GOVERNANCE, UNIVERSITY PERFORMANCE, UNIVERSITY REFORM, UNIVERSITY SYSTEMS, VOTERS, WAGES, WORKERS,
Online Access:	http://documents.worldbank.org/curated/en/299411468157177713/Growth-and-education https://hdl.handle.net/10986/27936
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