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School Attainment, Completion, and Economic Development: A Cross‐Country Analysis
Author(s) -
Chaudhuri Kausik,
Maitra Pushkar
Publication year - 2008
Publication title -
review of development economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.531
H-Index - 50
eISSN - 1467-9361
pISSN - 1363-6669
DOI - 10.1111/j.1467-9361.2008.00430.x
Subject(s) - educational attainment , economics , estimation , government (linguistics) , government expenditure , political instability , demographic economics , politics , economic growth , macroeconomics , political science , public finance , linguistics , philosophy , management , law
The primary aim of this paper is to examine the relationship between school attainment, school completion, and economic development. In doing so it also examines the effect of other macroeconomic variables on school attainment and completion. Estimation is conducted using a panel dataset of 138 countries. Our results show that income levels, government expenditure on education, and political instability all have significant effects on school completion and attainment. In addition these variables have different effects on male and female schooling. Our results have important policy implications and in particular allow policymakers to identify different instruments to target the problem of non‐completion of schooling.