While it is largely uncontroversial that human capital can be considered as one of the shaping factors of economic growth, no agreement exists on the specific role of human capital formation. Competing theories all stressing different aspects of human capital formation are not in short supply,...

Openness appears to have a strong impact on economic growth especially in DCs, which typically exhibit a high share of physical capital in factor income and a low share of labor. In the neoclassical growth model with partial capital mobility, physical capital?s share in factor income determines...

This paper examines determinants of educational performance in the high performing East Asian economies of Hong Kong, Japan, Singapore, South Korea, and Thailand by running within country regressions. The determinants considered include family background, school resources, and institutional...

We try to identify which economic factors might be responsible for the large international differences in student performance. We present time series evidence for a number of European countries which suggests that rising educational expenditures obviously did not improve student performance....

Easterly has written a unique book about the international differences in the standard of living, which have never been larger in the history of mankind than today. What makes Easterly's book unique is the masterly mixture of four elements: a first-hand knowledge of developing countries, a...