Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the … of education reduces the private return by 2 percentage points, consistent with Katz-Murphy's (1992) elasticity of …

about the evolution and dynamics of output growth? Largely, no. Second, the existence and magnitude of output externalities …

This study articulates the interaction between institutional governance, education and economic growth. Given the … analyze the main mechanisms by which the macroeconomic impact of education on growth (and economic development) occurs. Our … current pursuit of education policy reforms and knowledge economy around the world, it is of policy relevance to theoretically …

This paper provides a survey and synthesis of econometric tools that have been employed to study economic growth. While … interesting contemporaneous patterns in growth data and second, drawing inferences on long-run economic outcomes from cross …-section and temporal variation in growth. We describe the main stylized facts that have motivated the development of growth …

Economic theory emphasized the necessity of skill acquisition and conservation as a precondition for growth. This paper … investigates the extent to which skilled labour can contribute to output growth in South Africa in the long run. The theoretical … causality running from the measures of skilled labour to growth. The coefficient of the ECT was both significant and negative …