Abstract
Empirical growth studies have often found average years of schooling to be unrelated with economic growth. This note shows that the significant positive effect of schooling can only be realized after an economy crosses a threshold level of development.
Original language | English |
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Pages (from-to) | 48-52 |
Number of pages | 5 |
Journal | Economics Letters |
Volume | 156 |
Early online date | 15 Apr 2017 |
DOIs | |
Publication status | Published - 31 Jul 2017 |
Keywords
- Dynamic threshold model
- Growth
- Human capital
- Panel data analysis
- Schooling