2014
DOI: 10.1016/j.worlddev.2014.01.021
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The Contribution of Education to Economic Growth: A Review of the Evidence, with Special Attention and an Application to Sub-Saharan Africa

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Cited by 88 publications
(44 citation statements)
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“…Bloom et al (2014) and Gyimah-Brempong (2010) found positive econometric relationship HE-economic growth, thus contradicting the previous lowsocial-rate-of-return hypothesis (Psacharopoulos, 1994). Nevertheless, other scholars consider that econometric studies are biased: by using proxy variables, such as HE attainment and expenditure, econometric studies measure the propensity but not the effectiveness of HE contribution (Glewwe and Maïga, 2014;Hanushek and Woessman, 2008). Thirdly, studies demonstrating that HE yields positive externalities in, e.g., health, civic participation and longevity (McMahon and Appiah, 2002).…”
Section: Introductionmentioning
confidence: 81%
“…Bloom et al (2014) and Gyimah-Brempong (2010) found positive econometric relationship HE-economic growth, thus contradicting the previous lowsocial-rate-of-return hypothesis (Psacharopoulos, 1994). Nevertheless, other scholars consider that econometric studies are biased: by using proxy variables, such as HE attainment and expenditure, econometric studies measure the propensity but not the effectiveness of HE contribution (Glewwe and Maïga, 2014;Hanushek and Woessman, 2008). Thirdly, studies demonstrating that HE yields positive externalities in, e.g., health, civic participation and longevity (McMahon and Appiah, 2002).…”
Section: Introductionmentioning
confidence: 81%
“…3 A number of sub-Saharan African countries have invested in education and are seeing the social and economic impact of this decision. 4,5 Studies from Nigeria affirm that education is often the first step toward the socioeconomic development of the people and country at large. 6 Efanga and Oleforo (2012) have highlighted that sustainable development rarely takes place in the absence of skilled people who are able to bring economic change to the country.…”
Section: Introductionmentioning
confidence: 99%
“…For instance, OLS estimates have been found to be inconsistent and biased in the presence of endogeneity. In the government size/growth literature, reverse 9 For reviews of the literature on the importance of various variables, see Levine and Renelt (1992), Durlauf et al (2005) and Glewwe et al (2014). causality is a potential problem and a source of endogeneity given that higher-income countries have been identified as choosing larger governments. This is consistent with Wagner's law, which postulates that government size tends to grow with economic development.…”
Section: Moderator Set 1: Theoretical Models and Econometric Specificmentioning
confidence: 99%