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The knowledge capital of nations: Education and the economics of growth

2015 Massachusetts Institute of Technology ;ISBN: 0262029170 ;ISBN: 9780262029179 ;EISBN: 9780262329170 ;EISBN: 0262329174 ;EISBN: 9780262329187 ;EISBN: 0262329182 ;DOI: 10.7551/mitpress/9780262029179.001.0001 ;OCLC: 907676455 ;LCCallNum: HD75.7.H366 2015

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  • Title:
    The knowledge capital of nations: Education and the economics of growth
  • Author: Hanushek, Eric Alan ; Woessmann, Ludger
  • Subjects: Bildungsökonomie ; Business ; Economic aspects ; Economic development ; Economic development-Effect of education on ; Economics ; Education ; Education-Economic aspects ; Effect of education on ; Empirische Forschung ; Entwicklungsland ; Humankapital ; Industriegesellschaft ; Kognitive Kompetenz ; Lateinamerika ; Ostasien ; Quantitative Forschung ; Trade & Development ; Wachstum ; Wirkung ; Wirtschaft ; Wissen ; Wissensgesellschaft ; Ökonomie
  • Description: In this book the authors make a simple, central claim, developed with rigorous theoretical and empirical support: knowledge is the key to a country's development. Of course, every country acknowledges the importance of developing human capital, but the authors argue that message has become distorted, with politicians and researchers concentrating not on valued skills but on proxies for them. The common focus is on school attainment, although time in school provides a very misleading picture of how skills enter into development. The authors contend that the cognitive skills of the population-which they term the "knowledge capital" of a nation-are essential to long-run prosperity. The authors subject their hypotheses about the relationship between cognitive skills (as consistently measured by international student assessments) and economic growth to a series of tests, including alternate specifications, different subsets of countries, and econometric analysis of causal interpretations. They find that their main results are remarkably robust, and equally applicable to developing and developed countries. They demonstrate, for example, that the "Latin American growth puzzle" and the "East Asian miracle" can be explained by these regions' knowledge capital. Turning to the policy implications of their argument, they call for an education system that develops effective accountability, promotes choice and competition, and provides direct rewards for good performance. (Orig.).
  • Publisher: Cambridge, Mass: MIT Press
  • Creation Date: 2015
  • Format: XII, 262
  • Language: English
  • Identifier: ISBN: 0262029170
    ISBN: 9780262029179
    EISBN: 9780262329170
    EISBN: 0262329174
    EISBN: 9780262329187
    EISBN: 0262329182
    DOI: 10.7551/mitpress/9780262029179.001.0001
    OCLC: 907676455
    LCCallNum: HD75.7.H366 2015
  • Source: Ebook Central Academic Complete
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