Leeuwen, Bas van; Foldvari, Peter - In: Asian Economic Journal 22 (2008) 3, pp. 225-240
There is a general consensus that human capital is a major factor behind long-run economic growth. Yet, on a macro level, the empirical results do not always seem to concur with this view. To explain this gap between theory and empirics, more focus has been laid on measurement error and data...