The contribution of schooling in development accounting: results from a nonparametric upper bound

Caselli, Francesco and Ciccone, Antonio (2013) The contribution of schooling in development accounting: results from a nonparametric upper bound. Journal of Development Economics, 104 . pp. 199-211. ISSN 0304-3878

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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. Another advantage is that the upper bound is robust to certain forms of endogenous technology response to changes in schooling. 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:	Article
Official URL:	http://www.journals.elsevier.com/journal-of-develo...
Additional Information:	© 2013 Elsevier B.V.
Library of Congress subject classification:	H Social Sciences > HB Economic Theory H Social Sciences > HF Commerce > HF5601 Accounting L Education > L Education (General)
Journal of Economic Literature Classification System:	E - Macroeconomics and Monetary Economics > E0 - General > E00 - General E - Macroeconomics and Monetary Economics > E0 - General > E01 - Measurement and Data on National Income and Product Accounts and Wealth O - Economic Development, Technological Change, and Growth > O1 - Economic Development O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O15 - Human Resources; Human Development; Income Distribution; Migration O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development > O30 - General O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity
Sets:	Departments > Economics Collections > Economists Online Research centres and groups > Centre for Economic Performance (CEP)
Funders:	Centre de Recerca en Economia Internacional, Spanish research
Projects:	ECO22011-5272
Date Deposited:	13 May 2013 15:45
URL:	http://eprints.lse.ac.uk/46783/

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