The standard summary metric of education-based human capital used in macro analyses-the average number of years of schooling in a population-is based only on quantity. But ignoring schooling quality turns out to be a major omission. As recent research shows, students in different countries who...

"This paper surveys the recent literature which examines the impact of business climate variables on productivity and growth in developing countries using enterprise surveys. Comparable enterprise surveys today cover some 70,000 firms in over 100 countries around the world. The literature that...