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INTERNATIONAL SCHOOL TEST SCORES AND ECONOMIC GROWTH
Author(s) -
Atherton Paul,
Appleton Simon,
Bleaney Michael
Publication year - 2013
Publication title -
bulletin of economic research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.227
H-Index - 29
eISSN - 1467-8586
pISSN - 0307-3378
DOI - 10.1111/j.1467-8586.2012.00469.x
Subject(s) - endogeneity , economics , test (biology) , quality (philosophy) , econometrics , instrumental variable , panel data , demographic economics , paleontology , philosophy , epistemology , biology
Hanushek and Kimko's analysis of the relationship between growth and schooling quality, as measured by scores in international tests, suffers from potential endogeneity as schooling quality is not always measured at a date strictly prior to the observed growth. To address this problem we treat the data as a panel, relating growth only to test scores at earlier dates. The estimates of the effect of schooling quality on growth are similar to those obtained from cross‐section regressions.