A note on schooling in development accounting

Caselli, Francesco and Ciccone, Antonio (2011) A note on schooling in development accounting. CEP Discussion Papers (CEPDP1102). London School of Economics and Political Science. Centre for Economic Performance, London, UK.

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Abstract

How much would output increase if underdeveloped economies were to increase their levels of schooling? We contribute to the development accounting literature by describing a nonparametric upper bound on the increase in output that can be generated by more schooling. The advantage of our approach is that the upper bound is valid for any number of schooling levels with arbitrary patterns of substitution/complementarity. We also quantify the upper bound for all economies with the necessary data, compare our results with the standard development accounting approach, and provide an update on the results using the standard approach for a large sample of countries.

Item Type:	Monograph (Discussion Paper)
Official URL:	https://cep.lse.ac.uk/_new/publications/discussion...
Additional Information:	© 2011 The Author(s)
Divisions:	Economics
Subjects:	H Social Sciences > HC Economic History and Conditions L Education > LB Theory and practice of education
JEL classification:	I - Health, Education, and Welfare > I2 - Education > I28 - Government Policy J - Labor and Demographic Economics > J2 - Time Allocation, Work Behavior, and Employment Determination and Creation; Human Capital; Retirement > J24 - Human Capital; Skills; Occupational Choice; Labor Productivity
Date Deposited:	26 Feb 2024 16:15
Last Modified:	26 Feb 2024 16:15
URI:	http://eprints.lse.ac.uk/id/eprint/121768

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