This book explores institutional change and economic behaviour by examining the transition process in the former socialist countries that joined the EU in 2004, looking at the growth occurring in China, offering a historical perspective on economic underdevelopment in the Middle East, and...

When investments in education in developing countries do not produce higher growth, the problem may be the quality of the schooling, of the education infrastructure, of the initial endowment in human capital, and of the system's ability to equitably distribute educational services. The consensus...

July 2001When investments in education in developing countries do not produce higher growth, the problem may be the quality of the schooling - of the education infrastructure, of the initial endowment in human capital, and of the system's ability to equitably distribute educational services. The...

Recent empirical studies question conventional wisdom about the importance of education to growth. These results partly reflect how international differences in the quality of education systems--defined by the systems' ability to produce one marginal unit of productive human capital--are not...