The idea of positive educational externalities is that the benefits of individually acquired education may not be … still largely divided on whether the stock of education affects the long-run level or growth rate of the economy. A one …-year increase in average education is found to raise the level of output per capita by between 3 and 6 percent according to …

We investigate the link between hospital performance and managerial education by collecting a large database of … offering both medical education and business education have higher management quality, more MBA trained managers and lower … mortality rates. This is true compared to the distance to universities that offer only business or medical education (or neither …

Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable … sharp reduction in the firm's innovation response to exogenous demand shocks for firms just below the regulatory threshold …. We then quantitatively fit the parameters of the model to the data, finding that innovation at the macro level is about 5 …